TIDMPBLT

RNS Number : 6288K

TOC Property Backed Lendng Tst PLC

30 August 2019

For release on 30 August 2019

TOC PROPERTY BACKED LENDING TRUST PLC

Dividend Declaration

The Board of Directors (the "Board") of TOC Property Backed Lending Trust (the "Company" or "PBLT") has declared an interim dividend of 1.50 pence per Ordinary Share in respect of the period from 1 June 2019 to 31 August 2019.

 
 Distribution period:    1 June 2019 - 31 August 2019 
 Distribution amount     1.50 pence 
  per share: 
 Ex-dividend date:       12 September 2019 
 Dividend record date:   13 September 2019 
 Payment date:           4 October 2019

Despite ongoing challenges within the property market and wider political uncertainties, the Board have agreed to continue the recent dividend policy and pay an interim dividend of 1.50 pence per ordinary share.

In the absence of unforeseen circumstances, the Company expects the fourth interim dividend to be at least 1.50 pence per share and paid in January 2020.

The above dividend target is a target only and not a profit forecast. There can be no assurance that the target can or will be met and this should not be taken as an indication of the Company's expected or future profitability.

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

 
 Tier One Capital Ltd (Investment Adviser)     +44 (0) 191 222 
  Ian McElroy                                   0099 
 finnCap Ltd (Sponsor, Broker and Financial 
  Adviser)                                     +44 (0) 207 220 
  William Marle / Grant Bergman                 0500 
                                               +44 (0) 1245 398 
 Maitland Administration (Secretary)            984

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.

Tier One Capital is a Newcastle upon Tyne headquartered wealth management company and the appointed investment adviser to the TOC Property Backed Lending Trust PLC. Tier One Capital has offices in Newcastle, London and Switzerland, and specialises in providing wealth management advice to high net worth individuals, corporates and charities.

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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August 30, 2019 02:01 ET (06:01 GMT)

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