Riverstone Credit Opportunities Income PLC - London-based energy infrastructure and energy transition credit investor - Says unaudited net asset value per share for its second quarter ended June 30 up by 1.4% to USD1.07, from USD1.06 on March 31. Riverstone Credit says this rise was driven by continued strong performance of the unrealised portfolio and a successful refinancing. Riverstone Credit says, based on current portfolio commitments and the addition of a revolving credit facility in the fourth quarter of last year, it is nearly fully invested as of June 30.
Chair Reuben Jeffrey says: "The company continues to be a beneficiary of the current interest rate environment with a strategy focused on floating rate, short duration loans that are designed to capture the elevated value for our shareholders in the rapidly changing macro environment."
Current stock price: 537.00 pence, up 0.4% in London on Friday morning
12-month change: down 13%
By Will Neill, Alliance News reporter
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Riverstone Cred (RCOI)