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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toc Property Backed Lending Trust Plc | LSE:PBLT | London | Ordinary Share | GB00BD0ND667 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.00 | 84.00 | 88.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPBLT
RNS Number : 4692V
TOC Property Backed Lendng Tst PLC
05 December 2019
For release on 5 December 2019
TOC PROPERTY BACKED LENDING TRUST PLC
Dividend Declaration
The Board of Directors (the "Board") of TOC Property Backed Lending Trust (the "Company" or "PBLT") has declared an interim dividend of 1.50 pence per Ordinary Share in respect of the period from 1 September 2019 to 30 November 2019.
Distribution period: 1 September 2019 - 30 November 2019 Distribution amount 1.50 pence per share: Ex-dividend date: 12 December 2019 Dividend record date: 13 December 2019 Payment date: 3 January 2020
Despite ongoing challenges within the property market and wider political uncertainties, the Board have agreed to continue the recent dividend policy and pay an interim dividend of 1.50 pence per ordinary share.
In the absence of unforeseen circumstances, the Company expects the fourth interim dividend to be at least 1.50 pence per share and paid in April 2020.
The above dividend target is a target only and not a profit forecast. There can be no assurance that the target can or will be met and this should not be taken as an indication of the Company's expected or future profitability.
For further information regarding the Company (Ticker: PBLT) (LEI: 213800EXPWANYN3NEV68) please call:
Tier One Capital Ltd (Investment Adviser) +44 (0) 191 222 Ian McElroy 0099 finnCap Ltd (Sponsor, Broker and Financial Adviser) +44 (0) 207 220 William Marle / Grant Bergman 0500 Maitland Administration Services (Scotland) +44 (0) 1245 398 Limited (Secretary) 984
Notes to Editors:
TOC Property Backed Lending Trust PLC is a closed-end investment company. Its investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term while managing downside risk through: (i) a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the UK; and (ii) in many cases, receiving the benefit of an associated profit share usually obtained by acquiring (at nil cost) a minority equity stake in the relevant borrower project development vehicle.
Tier One Capital is a Newcastle upon Tyne headquartered wealth management company and the appointed investment adviser to the TOC Property Backed Lending Trust PLC. Tier One Capital has offices in Newcastle, London and Switzerland, and specialises in providing wealth management advice to high net worth individuals, corporates and charities.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DIVTABPTMBBMMPL
(END) Dow Jones Newswires
December 05, 2019 03:20 ET (08:20 GMT)
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