TOC Property Backed Lendng Tst PLC Net Asset Value and Company Update. (2288D)
27 October 2020 - 12:42AM
UK Regulatory
TIDMPBLT
RNS Number : 2288D
TOC Property Backed Lendng Tst PLC
26 October 2020
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IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA
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For release on 26 October 2020
TOC Property Backed Lending Trust PLC
(the "Company" or "PBLT")
Net Asset Value and Company Update
Quarterly Net Asset Value 31 August 2020
The Company announces that its unaudited Net Asset Value ("NAV")
per share as at 31 August 2020 on a cum-income basis was 82.96
pence (this represents an increase of 1.495% on the net asset value
as at 31 May 2020).
The Company is pleased to announce the successful redemption of
its facility with Aquesta Ltd on 30 September 2020, the largest
loan in the Company portfolio. The facility had been in place since
the inception of the Company and generated an IRR of 7.43% during
that period.
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)
Faith Pengelly +44 (0) 1245 950317
finnCap Ltd (Sponsor, Broker and Financial
Adviser)
William Marle / Giles Rolls +44 (0) 207 220 0500
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.
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END
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