TOC Property Backed Lending PLC

Name
TOC Property Backed Lending PLC
Manager
R&H Fund Service (Jersey) Limited
Type
Closed Ended Investment Company
ISIN
GB00BD0ND667
Sector
Property - Debt
Launched
24/01/2017
OCF
2.23 %
Yield
7.1 %
Fund Size
£ 27.87 million
NAV
94
Gearing
104
Discount Premium
12
The 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) receiving, in many cases, the benefit of an associated profit share arrangement, usually obtained by acquiring (at nil cost) a minority equity stake in the relevant borrower project development vehicle.
Name
R&H Fund Service (Jersey) Limited
Address
JE4 8PW, St. Helier, Jersey
Legal Structure
Closed Ended Investment Company

Managers

Not Disclosed
Joined 01/24/2017

Data provided by Morningstar.

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