Schroder BSC Social Impact Trust plc announces IPO
Schroder BSC Social Impact Trust plc has today announced that it has raised gross proceeds of £75 million.
Schroder BSC Social Impact Trust plc has today announced that it has raised gross proceeds of £75 million. The Company will use part of the net proceeds to acquire seven assets from Big Society Capital with the balance of the net proceeds to be invested in accordance with the Company's investment policy and/or used for working capital purposes.
The Company has been launched to invest in social impact investments that seek to address a range of issues including tackling the significant increase in homelessness, providing support for people with learning disabilities, providing housing for survivors of domestic abuse as well as enabling improved access to quality care services for physical and mental health conditions.
To read the full RNS, issued today visit the London Stock Exchange website.
For more information about the Trust please visit the Company website (for UK only).