Riverstone Credit Opps. Inc PLC Quarterly Dividend Declaration and Trading Update (7876Z)
18 Maggio 2023 - 8:00AM
UK Regulatory
TIDMRCOI
RNS Number : 7876Z
Riverstone Credit Opps. Inc PLC
18 May 2023
Riverstone Credit Opportunities Income Plc
("RCOI" or the "Company")
Quarterly Dividend Declaration and Trading Update
The Company is pleased to announce that the distribution for the
quarter ending 31 March 2023 of 2.0 cents per share, has been
declared by the Directors, payable on 23 June 2023 to holders of
ordinary shares on the register at the close of business on 2 June
2023 (ex-distribution date is 1 June 2023).
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investment trusts. Of this dividend declared of 2.0 cents per
share, 0.5019 cents is declared as dividend income with 1.4981
cents treated as qualifying interest income.
Reuben Jeffery III, Chairman of RCOI commented:
"We are pleased to declare RCOI's Q1 distribution of 2.0 cents
per share, which is in line with the Company's stated target.
This was another period of strong performance given the level of
deployment and elevated interest rate environment, both key
indicators for the Company's returns. On this basis I believe the
Company is ideally placed to continue delivering compelling risk
adjusted returns from existing investments and through new
opportunities from our attractive pipeline.
At a macro level, facilitating the decarbonization of energy
infrastructure, along with ensuring energy security, reliability
and affordability, are critical issues requiring significant
investment both in the US and beyond. Given these factors, the
current environment remains highly attractive for the Company's
investment strategy."
For Riverstone Credit Opportunities Income Plc:
Adam Weiss +1 212 271 2953
Media Contacts:
Buchanan
Helen Tarbet Tel: +44 (0) 20 7466 5109
Henry Wilson Tel: +44 (0) 20 7466 5111
Verity Parker Tel: +44 (0) 20 7466 5197
Email: rcoi@buchanan.uk.com
About Riverstone Credit Opportunities Income Plc :
RCOI lends to companies that build and operate the
infrastructure used to generate, transport, store and distribute
both renewable and conventional sources of energy, and companies
that provide services to that infrastructure. RCOI is strategically
repositioning towards companies seeking to facilitate the energy
transition by decarbonizing the energy, industrial and agricultural
sectors, building sustainable infrastructure and reducing or
sequestering carbon emissions. The Company seeks to ensure that its
investments are having a positive impact on climate change by
structuring each deal as either a green loan or a
sustainability-linked loan, documented using industry best
practices.
For further details, see https://www.riverstonecoi.com/ .
Neither the contents of RCOI's website nor the contents of any
website accessible from hyperlinks on the websites (or any other
website) is incorporated into, or forms part of, this
announcement.
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END
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