Dividend Declaration

RNS Number : 5066E

TOC Property Backed Lendng Tst PLC

28 February 2020

 

TOC PROPERTY BACKED LENDING TRUST PLC

(the "Company" or "PBLT")

Interim Dividend Declaration Correction

The Company refers to the dividend declaration dated 27 February 2020 relating to the declaration of an interim dividend for the period from 1 December 2019 to 29 February 2020.  The payment date will be 3 April 2020.

All other details remain unchanged.

The full amended text is shown below.

The Board of Directors (the "Board") of PBLT has declared an interim dividend of 1.50 pence per ordinary share in respect of the period from 1 December 2019 to 29 February 2020.

Distribution period:	1 December 2019 - 29 February 2020
Distribution amount per share:	1.50 pence
Ex-dividend date:	5 March 2020
Dividend record date:	6 March 2020
Payment date:	3 April 2020

For further information regarding the Company (Ticker: PBLT) (LEI: 213800EXPWANYN3NEV68) please call:

Tier One Capital Ltd (Investment Adviser) Ian McElroy/Brendan O'Grady	[phone]
finnCap Ltd (Financial Adviser and Broker) William Marle / Giles Rolls	[phone]
Maitland Administration Services (Scotland) Limited (Secretary)	[phone]

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.

The Company's investment adviser is Tier One Capital Limited ("Tier One" or the "Investment Adviser"). Tier One is a Newcastle upon Tyne headquartered wealth management company and the appointed investment adviser to the TOC Property Backed Lending Trust.  Tier One has offices in Newcastle, London and Switzerland, and specialises in providing wealth management advice to high net worth individuals, corporates and charities.

 

END

 

 

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