REG - Schroder BSC Social - Investor Update – February 2024

Schroder BSC Social Impact TrustAnnouncement

29/02/2024 07:00

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RNS Number : 8474E  Schroder BSC Social Impact Trust  29 February 2024

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)
(https://otp.tools.investis.com/clients/uk/schroder_bsc_social_impact_trust_plc/rns/regulatory-story.aspx?cid=2682&newsid=1743220)
- 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
(https://otp.tools.investis.com/clients/uk/schroder_bsc_social_impact_trust_plc/rns/regulatory-story.aspx?cid=2682&newsid=1743215)
:

·    (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
(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:

 Schroders
 Augustine Chipungu (Press)      0207 658 2016

 Big Society Capital
 Emma Hickinbotham               ehickinbotham@bigsocietycapital.com

 Winterflood Securities Limited

 Neil Langford                   020 3100 0000

 

 

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
(https://protect-eu.mimecast.com/s/KiDaC3QwvHLPPRfqceyJ?domain=schroders.com)
 

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 (https://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
(http://www.schroders.com/)  for our alerting service.

 

 

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