TOC Property Backed Lendng Tst PLC Company Update and Net Asset Value (0150R)
24 Ottobre 2019 - 10:52AM
UK Regulatory
TIDMPBLT
RNS Number : 0150R
TOC Property Backed Lendng Tst PLC
24 October 2019
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IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA
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RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
For release on 24 October 2019
TOC Property Backed Lending Trust PLC
(the "Company" or "PBLT")
Company Update
Quarterly Net Asset Value 31 August 2019
The Company announces that its unaudited Net Asset Value ("NAV")
per share as at 31 August 2019 on a cum-income basis was 93.15
pence (this represents a decrease of 0.26% on the net asset value
as at 31 May 2019).
Gearing Facility
The Company's committed revolving facility with Shawbrook Bank
Limited has been extended for a further 364 days from 22 October
2019.
For further information regarding TOC Property Backed Lending
Trust PLC (LEI: 213800EXPWANYN3NEV68) please call:
TOC Property Backed Lending Trust PLC
Ian McElroy +44 (0) 191 222 0099
Tier One Capital Ltd (Investment Adviser)
Brendan O'Grady +44 (0) 191 222 0099
Maitland Administration Services Limited
(Secretary)
John Davies +44 (0) 1245 206214
finnCap Ltd (Sponsor, Broker and Financial
Adviser)
William Marle / Giles Rolls / Max Bullen-Smith +44 (0) 207 220 0500
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 has developed a
direct lending offering that provides an opportunity which sits
between conventional lending and the emerging peer-to-peer platform
market. Tier One uses its direct lending and credit expertise to
source funds for borrowers, broker facility agreements and then
offer continued support and guidance to borrowers through the
lifespan of their loan.
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END
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