Replacement - Quarterly Dividend Declaration

Riverstone Credit Opps. Inc PLC

29 February 2024

 

This announcement is a correction of an announcement published on 21 February 2024 at 7:01 a.m. (RNS 8238D). The dividend income figure has been revised to 0.9890 cents and the  qualifying interest income figure has been revised to 1.5348 cents.

All other details remain unchanged.

The full amended text is shown below.

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 31 December 2023 of 2.5 cents per share, has been declared by the Directors, payable on 22 March 2024 to holders of Ordinary Shares on the register at the close of business on 1 March 2024 (ex-distribution date is 29 February 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 2.5 cents per share, 0.9890 cents is declared as dividend income with 1.5348 cents treated as qualifying interest income.

Inception to date interest and dividend income splits can be found in the Quarterly Dividend Declaration RNS released on 3 November 2023.

Reuben Jeffery III, Chairman of RCOI commented:

"We are pleased to deliver a 2.5 cents per share distribution contributing towards the Company's stated target to deliver annual returns of 8-10%. The Company's strategic focus in investing to support critical energy infrastructure that progresses the energy transition continues to enjoy a highly supportive investment environment in the US and internationally. Meanwhile, the interest rate environment continues to be supportive in delivering strong returns from the existing portfolio."

For Riverstone Credit Opportunities Income Plc:

Adam Weiss                                                    [phone]

Media Contacts:

Buchanan
Helen Tarbet Henry Wilson Verity Parker	Tel: [phone] Tel: [phone] Tel: [phone] Email: [e-mail]

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").  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.

 

END