REG - Riverstone Credit - Quarterly Dividend Declaration

Riverstone Credit Opportunities IncomeAnnouncement

03/11/2023 07:15

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RNS Number : 3219S  Riverstone Credit Opps. Inc PLC  03 November 2023

Riverstone Credit Opportunities Income Plc

("RCOI" or the "Company")

Quarterly Dividend Declaration

The Company is pleased to announce that the distribution for the quarter
ending 30 September 2023 of 2.0 cents per share, has been declared by the
Directors, payable on 15 December 2023 to holders of ordinary shares on the
register at the close of business on 17 November 2023 (ex-distribution date is
16 November 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, 0.4661 cents is declared as dividend income with 1.5339
cents treated as qualifying interest income.

 

Inception to date interest and dividend income splits are as follows:

 

 Distribution Period             Interest CPS  Dividend CPS  Total CPS
 March 2020*                     2.57          0.0           2.57
 Total Declared for 2019         2.57          0.0           2.57
 June 2020*                      1.4           0.4           1.8
 September 2020*                 1.5           0.3           1.8
 December 2020*                  1.4           0.0           1.4
 March 2021*                     1.4           0.6           2.0
 Total Declared for 2020         5.7           1.3           7.0
 June 2021*                      1.5           0.2           1.7
 September 2021*                 1.5           0.3           1.8
 November 2021*                  1.5           0.3           1.8
 March 2022                      1.7           0.0           1.7
 Total Declared for 2021         6.2           0.8           7.0
 June 2022                       1.4902        0.5098        2.0
 September 2022*                 1.5302        0.4698        2.0
 December 2022                   1.5014        0.4986        2.0
 March 2023                      1.411         1.589         3.0
 Total Declared for 2022         5.9328        3.0672        9.0
 June 2023                       1.4981        0.5019        2.0
 September 2023                  1.5203        0.4797        2.0
 December 2023                   1.5339        0.4661        2.0
 Year-To-Date Declared for 2023  4.5523        1.4477        6.0
 Inception-To-Date Declared      24.9551       6.6149        31.57

 

*Interest and dividend splits per the replacement tax vouchers

 

Reuben Jeffery III, Chairman of RCOI commented:

 

"The ongoing elevated interest rate environment and maintained high levels of
deployment both provide compelling tailwinds for the Company's strategy.
Further, the significant investment momentum in critical energy infrastructure
and the global energy transition in the US and elsewhere continues to
embellish the Company's pipeline.

We are therefore pleased to deliver another 2.0 cents per share distribution
in line with the Company's stated target to deliver annual returns of 8-10%."

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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