REG - Riverstone Credit - Quarterly Dividend Declaration and Trading Update

Riverstone Credit Opportunities IncomeAnnouncement

18/05/2023 07:00

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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/
(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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