Edison issues review on Riverstone Credit Opps.
London, UK, 17 April 2023
Edison issues review on Riverstone Credit Opportunities Income (RCOI)
Riverstone Credit Opportunities Income posted a healthy NAV total return of 14.5% in FY22, benefiting from rising base rates, as well as seven full exits (realised at an IRR of 14.3-32.5%) and six new investments resulting in the recognition of call premiums (exits) and upfront fees (investments). RCOI's focus on short-duration lending allowed it to swiftly rebalance its portfolio to energy-transition focused investments. The process is now complete, with over 95% of the end-2022 portfolio being either green loans or sustainability-linked loans (vs c 35% at end-2021).
RCOI currently trades at a c 20% discount to NAV. This is despite a relatively benign outlook for the oil and gas industry, the continued solid performance of the portfolio and a good dividend stream.
Click here
to view the full report or
here
to sign up to receive research as it is published.
All reports published by Edison are available to download free of charge from its website
About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.
Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct Authority .
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information, please contact Edison:
Milosz Papst +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
COMPANIES COVERED:
Latest directors dealings
- 12 hours ago Law Debenture Corp.
- 12 hours ago AVI Global Trust
- 12 hours ago Conduit Holdings Limited Com Shs (DI)
- 13 hours ago Kerry Group 'A' Shares (CDI)
- 13 hours ago Secure Trust Bank