SBSI Schroder Bsc Social Impact Trust Plc

Schroder BSC Social Impact Trust plc

Investor Update - February 2024

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:

·    New investment in Community Energy Together Limited (£3.6m) - aligned with the Just Transition to Net Zero impact theme

·    Recycling capital from scheduled capital repayments and the partial exit from a housing investment announced in the half year report

·    Portfolio 98% committed (fully committed after dividend and share buy backs) and 90% deployed into high impact investments

·    Dividend increased by 77% in 2023; guidance range increased to 2-3% of net asset value ("NAV") (from 1-2% NAV)

·    On 19 December 2023, the Company published its Quarterly NAV to 30 September 2023:

·    (0.65)% NAV/share return in the quarter since June 2023

·    7.91% total NAV/share return since inception in December 2020

The latest Investor Update can be found on the Company's website using the following link:

https://mybrand.schroders.com/m/260fd7e56f42fcfe/original/SBSI-Investor-Update_Februrary-2024-final-version-for-publication-29th-of-February.pdf

For further information, please contact:

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 £9 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 is a global investment management firm with £726.1 billion (€846.1 billion; $923.1 billion) assets under management, as at 30 June 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders' shares.

Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.  

Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders' business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.

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.