Riverstone Credit Opps. Inc PLC Quarterly Dividend Declaration (3219S)
November 03 2023 - 3:05AM
UK Regulatory
TIDMRCOI
RNS Number : 3219S
Riverstone Credit Opps. Inc PLC
03 November 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 September 2023 of 2.0 cents per share, has been
declared by the Directors, payable on 15 December 2023 to holders
of ordinary shares on the register at the close of business on 17
November 2023 (ex-distribution date is 16 November 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, 0.4661 cents is declared as dividend income with 1.5339
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
------------- ------------- ----------
December 2023 1.5339 0.4661 2.0
------------- ------------- ----------
Year-To-Date Declared
for 2023 4.5523 1.4477 6.0
------------- ------------- ----------
Inception-To-Date Declared 24.9551 6.6149 31.57
------------- ------------- ----------
*Interest and dividend splits per the replacement tax
vouchers
Reuben Jeffery III, Chairman of RCOI commented:
"The ongoing elevated interest rate environment and maintained
high levels of deployment both provide compelling tailwinds for the
Company's strategy. Further, the significant investment momentum in
critical energy infrastructure and the global energy transition in
the US and elsewhere continues to embellish the Company's
pipeline.
We are therefore pleased to deliver another 2.0 cents per share
distribution in line with the Company's stated target to deliver
annual returns of 8-10%."
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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