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RCOI - Riverstone Credit Opportunities Income News Story

$0.868 0.0  0.0%

Last Trade - 15/10/21

Sector
Financials
Size
Small Cap
Market Cap £57.8m
Enterprise Value £54.5m
Revenue £7.11m
Position in Universe 1187th / 1785

Riverstone Credit - Interim Management Statement

RNS Number : 2043Z
Riverstone Credit Opps. Inc PLC
20 May 2021
 

Riverstone Credit Opportunities Income Plc

Interim Management Statement

London, UK 20 May 2021: Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") is issuing this Interim Management Statement ("IMS") for the period from 01 January 2021 to 31 March 2021 (the "Period").

 

Summary Performance

 

31  March 2021

Key Financials

 

NAV

$95.56 million

NAV per share

$1.04

Market capitalisation

$80.56 million

Share Price

$0.88

Total comprehensive income for the period

$1.86 million

 

Quarterly Distribution

§  Riverstone Credit Opportunities Income Plc ("RCOI" or the "Company") is pleased to announce that the distribution for the period ending 31 March 2021 of 1.7 cents per share, has been declared by the Directors, payable on 25 June 2021 to holders of ordinary shares on the register at the close of business on 28 May 2021 (ex-distribution date is 27 May 2021).

§  The Company's quarterly factsheet will be located on the Company's website, www.RiverstoneCOI.com.

 

- Ends -

 

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 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.

 

Media Contacts

 

For Riverstone Credit Opportunities Income Plc:

 

Jingcai Zhu

+1 212-271-6261

 

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