TOC Property Backed Lendng Tst PLC Net Asset Value as at 28 February 2019 (9439X)
03 Mayo 2019 - 1:00AM
UK Regulatory
TIDMPBLT
RNS Number : 9439X
TOC Property Backed Lendng Tst PLC
03 May 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA
OR THE UNITED STATES OF AMERICA OR TO US PERSONS, OR TO ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
For release on 3 May 2019
TOC Property Backed Lending Trust PLC
(the "Company" or "PBLT")
Quarterly Net Asset Value 28 February 2019
The Company announces that its unaudited Net Asset Value ("NAV")
per share as at 28(th) February 2019 on a cum-income basis was
93.80 pence (this represents a decrease of 0.63% on the net asset
value as at 30 November 2018).
For further information regarding TOC Property Backed Lending
Trust PLC (LEI: 213800EXPWANYN3NEV68) please call:
Tier One Capital Ltd (Investment Adviser)
Ian McElroy +44 (0) 191 222 0099
Maitland Administration Services (Scotland)
Limited (Secretary)
Martin Cassels +44 (0) 131 550 3760
finnCap Ltd (Sponsor, Broker and Financial
Adviser)
William Marle / Grant Bergman / Alex
Price +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 was launched by
former Barclays Wealth and Coutts & Co directors Stephen Black
and Ian McElroy in early 2013. Both Stephen and Ian have extensive
credit experience, much of which was gained in a difficult
financial climate. 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.
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
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