Citywire for Financial Professionals

TOC Property Backed Lending (Ordinary Share) PBLT

Sector Specialist: Securitised Debt

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Estimated NAV

97.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
TOC Property Backed Lending (Ordinary Share) Price 5.20%
TOC Property Backed Lending (Ordinary Share) NAV 5.13%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 103.5 6.7% 97.00 97.00
30 Apr
100% 6.76%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
TOC Property Backed Lending (Ordinary Share) Price5.20
TOC Property Backed Lending (Ordinary Share) NAV5.13

Discrete performance over

Discrete Performance

Sectors weighting

Debt - General 90.40%
Net Current Assets 9.60%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 24 Jan 2017
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ordinary Share
  • TIDM PBLT
  • ISIN GB00BD0ND667
  • Shares Issued (M) 26
  • Market Capital (£M) 26.52
  • Gross Assets (£M) 24.85
  • Net Assets (£M) 24.85
  • TER (%) 2.69
  • Historic Dividend Yield (%) 6.76
  • Last AGM 18 Apr 2018
  • Next AGM 18 Apr 2019
  • Last Annual Report Date  
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To provide income while managing downside risk through: (i) fixed rate loans predominantly secured over land and/or property in the UK; and (ii) receiving the benefit of an associated profit share arrangement.
  • Management Group(s):

  • R&H Fund Service (Jersey) Limited
  • Managed by:

  • Not Disclosed Start: 24 Jan 2017
  • Management Contract & Fees:

    The AIFM is entitled to receive fees from the Company of £ 15,000 p.a. on total assets up to £ 100m, or a fee from the Company of £ 20,000 p.a. if total assets are over £ 100m. The Investment Adviser is entitled to receive from the Company an investment adviser fee which is calculated and paid quarterly in arrears at an annual rate of 0.25% p.a. of the prevailing NAV (if less than £ 100m) and 0.5% p.a. of the prevailing NAV (if £100m or more). The Investment Adviser has agreed (unless otherwise agreed by the Board) to waive its fee until the NAV is at least £ 50m.

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