TIDMSBSI
RNS Number : 6258H
Schroder BSC Social Impact Trust
31 July 2023
Schroder BSC Social Impact Trust plc
Investor Update - July 2023
The Board of Schroder BSC Social Impact Trust plc (the
"Company"), which provides a unique investment opportunity to
address UK social challenges, is pleased to announce the
publication of its latest Investor Update.
Recent highlights:
-- The Company published its second Annual Impact Report,
showing how its investments deliver solutions for vulnerable and
disadvantaged people in the UK: since launch, the Company's
investments have reached 276,000 people, 94% of whom from
disadvantaged, vulnerable or underserved background; generated
GBP98m in social outcomes and savings; and funded 27,000
affordable, decent homes.
-- On 22 June 2023, the Company published its quarterly NAV to
31 March 2023, the first of a series of quarterly NAV announcements
the Company plans to make, introduced to provide more timely and
transparent information for shareholders.
o 0.4% NAV total return per share YTD for 9 months to 31 March
2023 / (1.3)% NAV total return in the quarter
o 3.6% annualised NAV total return per share , since inception
until 31 March 2023
-- Portfolio 98% committed and 86% drawn. GBP2.5m capital
available to invest; active pipeline of new and follow-on High
Impact Investments.
-- Capital awaiting deployment and uncommitted capital, held in
Liquidity Assets and Money Market Funds, enhanced returns for the
quarter.
The latest Investor Update can be found on the Company's website
using the following link:
https://mybrand.schroders.com/m/158b6cad43f192bf/original/SBSI-Investor-Update-July-2023.pdf
For further information, please contact:
Schroders
Augustine Chipungu (Press) 0207 658 2016
Kerry Higgins 0207 658 6189
(Schroder Investment Management
Limited, Company Secretary)
Big Society Capital
Emma Hickinbotham, Ehickinbotham@bigsocietycapital.com
Managing Director, Communications
Winterflood Securities Limited 020 3100 0000
Neil Langford
About Schroder BSC Social Impact Trust plc
The Company was launched in December 2020, to enable access to
high social impact investment opportunities in private markets -
tackling social challenges across the UK. The Company manages a
diversified portfolio across asset classes, targeting sustainable
returns, demonstrable social impact, and low correlation to
traditional public markets.
Further information about the Company can be found on its
website at www.schroders.com/SBSI
About Big Society Capital
Big Society Capital is the UK's leading social impact investor.
Our mission is to grow the amount of money invested in tackling
social issues and inequalities in the UK. We do this by investing
our own capital and helping others invest for impact too.
Since 2012, we have helped build a market that has directed more
than GBP8 billion into social purpose organisations tackling issues
from homelessness and mental health, to childhood obesity and fuel
poverty, a ten-fold increase in ten years.
Further information about Big Society Capital can be found at www.bigsocietycapital.com
About Schroders plc
Schroders plc
The history of Schroders began in 1804 when JH Schroder became a
partner in J.F. Schröder & Co, a London-based firm founded by
his brother JF Schroder. It has evolved since then into the company
today known as Schroders plc. Throughout that time, the Schroder
family have maintained a significant interest in the business,
which the Company believes has been a significant benefit to it.
Today, the interests of some members of the Schroder family (being
certain descendants of the late Helmut Schroder and, in some cases,
their spouse or former spouse) are spread across a number of
parties, who are collectively known as the Principal Shareholder
Group. The Principal Shareholder Group is comprised of a number of
private trustee companies (and investment companies controlled by
those trustee companies), a number of Schroder family individuals,
and a Schroder family charity which, directly or indirectly, are
Shareholders in the Company. The current aggregate Principal
Shareholder Group holding the Schroders plc shares is 44.11%.
Schroders is global investment manager offering a distinctive
set of advice and investment capabilities. Their business is
organised across two segments - asset and wealth management - with
four distinct business offerings. In Asset Management their
Schroders Investment Management business offers active management
across a full range of asset classes through mutual funds and
institutional mandates. This is now supplemented by a complete
private assets business, Schroders Capital, whilst Schroders
Solutions brings their public and private asset management
capabilities together to offer complete investment solutions to
institutional clients. Schroders Wealth Management offers advice
across the wealth spectrum through their various brands.
Issued by Schroder Investment Management Limited. Registration
No 1893220 England. Authorised and regulated by the Financial
Conduct Authority. For regular updates by e-mail please register
online at www.schroders.com for our alerting service.
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July 31, 2023 02:00 ET (06:00 GMT)
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