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TOC Property Raises GBP958,257 By Placing 958,257 Shares (ALLISS)

LONDON (Alliance News) - TOC Property Backed Lending Trust PLC said Thursday that it has raised ...

Alliance News 7 December, 2017 | 11:49AM
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LONDON (Alliance News) - TOC Property Backed Lending Trust PLC said Thursday that it has raised GBP958,257 through placing of 958,257 shares at 100 pence per share.

Shares in the investment company were untraded on Thursday, last quoted at 107.00 pence.

The placing was conducted by finnCap via an accelerated bookbuilding process, and the proceeds will go towards funding the continued growth of the trust's portfolio of real estate loans.

TOC Property Backed Lending Trust now has 23.7 million shares issued overall.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
TOC Property Backed Lending Ord 103.50 GBX 0.00 -
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