TIDMSBSI
RNS Number : 7387N
Schroder BSC Social Impact Trust
27 September 2023
Schroder BSC Social Impact Trust plc
Q2 2023 Quarterly Net Asset Value - 30 June 2023
The Board of Schroder BSC Social Impact Trust plc (the
"Company"), which provides a unique investment opportunity to help
address UK social challenges, today announces its unaudited net
asset value ("NAV") as of 30 June 2023.
Key Highlights
-- NAV of GBP88.8m or 104.90p per share as of 30 June 2023, an
increase of 0.4% relative to the NAV per share as of 31 March 2023
(104.49p).
-- As of 30 June 2023, 96% of the Company's capital was
committed to High Impact Investments, and 88% was deployed. During
the quarter:
o GBP1.3m of capital was drawn, mainly into High Impact Housing
investments via Man Community Housing Fund and Social and
Sustainable Housing (SASH).
o GBP0.4m of capital was repaid, mainly via distributions from
the Social Outcomes Contracts portfolio.
-- The portfolio continues to deliver strong positive impact for
vulnerable and disadvantaged people in the UK.
o The second annual Impact Report was published on 29 June 2023,
showing that since launch, the Company's investments have reached
276,000 people, 94% of whom from a disadvantaged, vulnerable or
underserved background; generated GBP98m in social outcomes and
savings; and funded 27,000 affordable, decent homes.
-- The Company will publish its full Annual Report and Accounts
for the year ended 30 June on 27 October 2023:
o A breakdown of portfolio performance drivers, as well as
Company fees and expenses will be provided in the Annual Report and
Accounts, alongside audited numbers.
For further information, please contact:
Schroders
Augustine Chipungu (Press) 020 7658 2016
Kerry Higgins (Schroder Investment
Management Limited, Company Secretary) 020 7658 6189
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, with the objective to
enable access to high social impact investment opportunities in
private markets - tackling social challenges across the UK. The
Company aims to build 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 over
GBP9 billion into social purpose organisations tackling issues from
homelessness and mental health, to childhood obesity and fuel
poverty, a more than ten-fold increase.
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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September 27, 2023 02:00 ET (06:00 GMT)
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