TOC Property Backed Lendng Tst PLC Dividend Declaration (7006Q)
March 01 2021 - 5:30AM
UK Regulatory
TIDMPBLT
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) +44 (0) 191 222
Ian McElroy/Brendan O'Grady 0099
finnCap Ltd (Financial Adviser and Broker) +44 (0) 207 220
William Marle/Giles Rolls 0500
Maitland Administration Services (Scotland)
Limited (Secretary) +44 (0) 1245 950317
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.
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END
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