REG - Riverstone Credit - Final results for the half year ended 30 June 2021

Riverstone Credit Opportunities IncomeAnnouncement

12/08/2021 07:05

RNS Number : 3620I
  
Riverstone Credit Opps. Inc PLC
  
12 August 2021
  
 

Riverstone Credit Opportunities Income Plc 
Final results for the half year ended 30 June 2021
London, UK 12 August 2021: Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") announces its Half Year Results for the period (the "Period") from 01 January 2021 to 30 June 2021.
 
Highlights
·    Key Financials                                                                                  
 



o NAV as at 30 June 2021


$94.74 million




o NAV per share as at 30 June 2021


$1.03




o Market capitalisation at 30 June 2021


$78.50 million




o Profit/(loss) during period


$2.59 million



 
§  As of 30 June 2021, RCOI had a NAV per share of $1.03.
Quarterly Distribution
§  Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") is pleased to announce the interim distribution for the quarter ending 30 June 2021 of 1.8 cents per share, has been declared by the Directors, payable on 24 September 2021 to holders of ordinary shares on the register at the close of business on 20 August 2021 (ex-distribution date is 19 August 2021).
§  The Company's factsheet will be located on the Company's website, www.RiverstoneCOI.com.
 
 RCOI's Prospectus is available to view at: www.RiverstoneCOI.com.
 
About Riverstone Credit Opportunities Income Plc:
 
RCOI seeks to generate consistent Shareholder returns predominantly in the form of income distributions, principally by making senior secured loans to small and middle-market energy companies, which span conventional energy as well as low carbon and renewable sources. The investment strategy is predicated on asset-based lending, with conservative loan-to-value ratios and structural protective features to mitigate risk. The Company will invest broadly across energy subsectors globally, with a primary focus on infrastructure businesses and going forward those with de-carbonization strategies in North America. RCOI intends to create a diversified portfolio across basins, commodities, technologies and end-markets to provide natural synergies and hedges that could enhance the overall stability of the portfolio.
 
For further details, see 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.
 
Media Contacts
 
For Riverstone Credit Opportunities Income Plc:
Jingcai Zhu
+1 212 271 6261

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