21st Jan 2021 16:08
Schroder BSC Social Impact Trust PLC - investment firm focused on positive social impact as well as long-term capital growth and income - Completes acquisition of initial portfolio laid out in IPO prospectus, also makes GBP2.5 million investment in a Triodos Bank UK bond issue - a debt for social enterprise direct investment.
After the acquisition of the initial portfolio and the investment in the Triodos Bank UK Bond issue, the company had committed over 80% and invested over 55% of the net proceeds of the initial public offering. Notes largest exposure in portfolio is investment in Rathbones Charity Bond portfolio.
"The company will continue investing in a diversified portfolio of private market impact funds across the asset classes of high impact property, debt for social enterprises and social outcomes contracts, making co-investments alongside impact investors and direct investments in order to tackle social issues throughout the UK," Schroder BSC says.
Current stock price: 102.03 pence
Year-to-date change: up 0.5%
By Paul McGowan; [email protected]
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