REG - Schroder BSC Social - Investor Update

Schroder BSC Social Impact TrustAnnouncement

31/07/2024 07:00

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RNS Number : 4616Y  Schroder BSC Social Impact Trust  31 July 2024

31 July 2024

Schroder BSC Social Impact Trust plc

 

Investor Update

 

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.

 

Highlights

 * A new £5 million commitment was made to
Simply Affordable Homes
(https://otp.tools.investis.com/clients/uk/schroder_bsc_social_impact_trust_plc/rns/regulatory-story.aspx?cid=2682&newsid=1806286)

in April 2024, managed by Savills Investment Management.

 * A report on social outcomes contracts
(https://bettersocietycapital.com/latest/gordon-brown-outcomes/)
was recently published by ATQ Consultants for the Portfolio Manager, Better
Society Capital. The report demonstrates that social outcomes contracts - a
method of public service delivery which enables prevention - have saved the
taxpayer £507 million in fiscal value alone since 2010.

 * On 26 June 2024, the Company published
its Quarterly NAV to 31 March 2024
(https://www.londonstockexchange.com/news-article/SBSI/q1-2024-quarterly-net-asset-value-31-march-2024/16537050)

, reporting an 8.58% total NAV/share return since inception in December 2020
(2.54% annualised).

 * Continued strong pipeline of new and follow-on High Impact Investments,
allowing efficient re-deployment of capital as it is being repaid.

 

Full update and case studies

The full Investor Update contains two case studies demonstrating how the
Company supports the frontline organisations it invests in and how they are
generating a positive impact on the lives of people in the UK:

 * Simply Affordable Homes: Delivering affordable homes for lower income
households and people currently requiring social housing in the UK's areas of
most need; and

 * Turning Tides Social Outcomes Contract (Bridges Social Outcomes Fund II):
Improving the emotional resilience and wellbeing of young people.

 

The Investor Update can be found on the website using the following link:
https://schro.link/investor-update-july-2024
(https://schro.link/investor-update-july-2024)

 

For further information, please contact:

 Schroders
 Kirsty Preston (press)                                        020 7658 1961

 Natalia de Sousa/Sunny Chou                                   020 7658 6000

 (Schroder Investment Management Limited, Company Secretary)

 Better Society Capital
 Susanna Hudson, Investor Engagement                           shudson@bettersocietycapital.com

                                                               020 3821 5905

 Winterflood Securities Limited
 Neil Langford                                                 020 3100 0000

 

 

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 and to
tackle 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 (http://www.schroders.com/SBSI)

 

About Better Society Capital

 

Better 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 Better Society Capital can be found
at www.bettersocietycapital.com (http://www.bettersocietycapital.com)

 

About Schroders plc

Schroders is a global investment management firm with £760.4 billion
(€889.4 billion; $960.6 billion) assets under management, as at 31 March
2024. Schroders continues to deliver strong financial results in ever
challenging market conditions, with a market capitalisation of circa £7
billion and over 6,400 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
(https://url.uk.m.mimecastprotect.com/s/JtDhCJyQAcjG8yFGh7tG-8ad?domain=schroders.com/)
 for our alerting service.

 

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