Riverstone Credit Opps. Inc PLC Quarterly Dividend Declaration (8636I)
10 August 2023 - 8:00AM
UK Regulatory
TIDMRCOI
RNS Number : 8636I
Riverstone Credit Opps. Inc PLC
10 August 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 June 2023 of 2.0 cents per share, has been
declared by the Directors, payable on 22 September 2023 to holders
of ordinary shares on the register at the close of business on 18
August 2023 (ex-distribution date is 17 August 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, 0.4797 cents is declared as dividend income with 1.5203
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
------------- ------------- ----------
Year-To-Date Declared
for 2023 3.0184 0.9816 4.0
------------- ------------- ----------
Inception-To-Date Declared 23.4212 6.1488 29.57
------------- ------------- ----------
*Interest and dividend splits per the replacement tax
vouchers
Reuben Jeffery III, Chairman of RCOI commented:
"We are pleased to declare RCOI's Q2 distribution of 2.0 cents
per share, which is in line with the Company's stated target to
deliver annual returns of 8-10%.
Ongoing high levels of deployment and the supportive backdrop of
the elevated interest rate environment continue to offer an
attractive landscape for the Company's investment strategy and are
anticipated to support strong shareholder returns from the existing
portfolio.
We also note the significant ongoing pressure in the US and
elsewhere to both invest in critical energy infrastructure and
support a global energy transition. This interest continues to be
reflected in the Company's robust pipeline of new potential
investment opportunities."
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/ .
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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