Responding to COVID-19: insight, support and guidance
Notes to editors:
The debts to be written off include both interim revenue and capital loans incurred as a result of financial difficulty, but does not include normal course of business loans.
These interim loans and the interest they attract are to be frozen as of 1 April 2020 and converted to equity in the form of Public Dividend Capital (PDC).
PDC attracts a dividend of 3.5% of the average relevant net assets of the Trust.
The Health Secretary's announcement can be found here.
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