RNS Number : 5557P
Riverstone Credit Opps. Inc PLC
23 May 2024
 

Riverstone Credit Opportunities Income Plc

("RCOI" or the "Company")

Quarterly Dividend Declaration

 

The Directors of Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, have declared a distribution for the quarter ending 31 March 2024 of 2.0 cents per share, payable on 21 June 2024 to holders of Ordinary Shares on the register at the close of business on 7 June 2024 (ex-distribution date is 6 June 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 2.0 cents per share, 0.4933 cents is declared as dividend income with 1.5067 cents treated as qualifying interest income.


Reuben Jeffery III, Chairman of RCOI commented:

"RCOI is pleased to declare a dividend of 2c in respect of the first quarter of the current year. Following yesterday's Annual General Meeting ("AGM") the Company has now commenced a Managed Wind-Down and future distributions will be made in that context."



For Riverstone Credit Opportunities Income Plc:

Adam Weiss                                         +1 212 271 2953

Media Contacts:

Buchanan


Helen Tarbet

Henry Wilson

Verity Parker

Tel: +44 (0) 20 7466 5109

Tel: +44 (0) 20 7466 5111

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 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/.

 

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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