TOC Property Backed Lendng Tst PLC Net Asset Value(s) (4002R)
21 September 2017 - 5:45PM
UK Regulatory
TIDMPBLT
RNS Number : 4002R
TOC Property Backed Lendng Tst PLC
21 September 2017
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 21 September 2017
TOC Property Backed Lending Trust PLC
(the "Company" or "PBLT")
Quarterly Net Asset Value 31 August 2017
The Company announces that its unaudited Net Asset Value ("NAV")
per share as at 31(st) August 2017 on a cum-income basis was 98.01
pence (this represents an increase of 0.40% on the net asset value
as at 31 May 2017).
For further information regarding TOC Property Backed Lending
Trust PLC (LEI: 213800EXPWANYN3NEV68) please call:
TOC Property Backed Lending
Trust PLC +44 (0) 191 222
Stephen Black 0099
Tier One Capital Ltd (Investment
Adviser) +44 (0) 191 222
Ian McElroy 0099
Maitland Administration Services
(Scotland) Limited (Secretary) +44 (0) 131 550
Martin Cassels 3760
finnCap Ltd (Sponsor, Broker
and Financial Adviser)
William Marle / Grant Bergman +44 (0) 207 220
/ Alex Price 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 company news service from the London Stock Exchange
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