REG - Riverstone Credit - Replacement - Quarterly Dividend Declaration

Riverstone Credit Opportunities IncomeAnnouncement

29/02/2024 07:15

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RNS Number : 8701E  Riverstone Credit Opps. Inc PLC  29 February 2024

This announcement is a correction of an announcement published on 21 February
2024 at 7:01 a.m. (RNS 8238D). The dividend income figure has been revised to
0.9890 cents and the  qualifying interest income figure has been revised to
1.5348 cents.

All other details remain unchanged.

The full amended text is shown below.

 

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 31 December 2023 of 2.5 cents per share, has been declared by the
Directors, payable on 22 March 2024 to holders of Ordinary Shares on the
register at the close of business on 1 March 2024 (ex-distribution date is 29
February 2024).

 

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
2.5 cents per share, 0.9890 cents is declared as dividend income with 1.5348
cents treated as qualifying interest income.

 

Inception to date interest and dividend income splits can be found in the
Quarterly Dividend Declaration RNS released on 3 November 2023.

 

Reuben Jeffery III, Chairman of RCOI commented:

 

"We are pleased to deliver a 2.5 cents per share distribution contributing
towards the Company's stated target to deliver annual returns of 8-10%. The
Company's strategic focus in investing to support critical energy
infrastructure that progresses the energy transition continues to enjoy a
highly supportive investment environment in the US and internationally.
Meanwhile, the interest rate environment continues to be supportive in
delivering strong returns from the existing portfolio."

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.

 

As previously announced, on January 2, Riverstone Holdings LLC, and their
affiliate Riverstone Investment Group (collectively, "Riverstone") entered
into a sub management agreement for RCOI with Breakwall Capital LP
("Breakwall").  Breakwall is an independent asset manager regulated by the
SEC as a Registered Investment Advisor. It is owned and operated by the former
members of the Riverstone Credit Partners team.

 

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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