Dividend Declaration

RNS Number : 7006Q

TOC Property Backed Lendng Tst PLC

01 March 2021

 

For release - 1 March 2021

TOC PROPERTY BACKED LENDING TRUST PLC
(the "Company" or "PBLT")

Dividend Declaration

Further to the announcement made by the Company on 30 November 2020, the Board declares a final balancing dividend in respect of the financial year ended 30 November 2020 of 1.5 pence per share which will be paid on 1 April 2021 to shareholders on the register on 12 March 2021. The corresponding ex-dividend date is 11 March 2021. This is sufficient for the Company to meet the requirement to distribute at least 85 per cent. of its eligible income in accordance with Chapter 4 of Part 24 Corporation Tax Act 2010 in order to retain its investment trust status.

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 listed on the main market of the London Stock Exchange and specialises in providing finance to the residential and commercial property sector.

The Company's investment adviser is Newcastle upon Tyne based Tier One Capital Limited. Tier One Capital is a wealth management and property lending firm providing financial advice services and bespoke tailored lending to the property development market. This announcement contains certain forward-looking statements. In some cases forward-looking statements can be identified by the use of terms such as "believes", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "seeks" or "should" or variations thereof, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. You should not place any reliance on forward-looking statements.  Any such forward-looking statements have not been independently audited, examined or otherwise reviewed or verified and nothing in this announcement should be construed as a profit forecast. 

All views expressed in this announcement are based on financial, economic, market and other conditions prevailing as of the date of this announcement. The Company does not undertake to provide access to any additional information or to update any future projections, management targets, estimates or assessments of future prospects or any other forward-looking statements to reflect events that occur or circumstances that arise after the date of this announcement, or to correct any inaccuracies in this announcement which may become apparent. The information in this announcement is subject to updating, completion, revision and amendment without notice. This announcement contains information from third party sources. Past performance is not indicative of future results and forward-looking statements are not guarantees of future performance. Investment losses may occur, and investors could lose some or all of their investment.

 

END

 

 

DIVJBMBTMTTMBPB