Riverstone Credit Opportunities Income PLC - aims to generate returns by making loans to companies in energy sector - Says despite recent concerns regarding the Omicron variant, energy markets remained resilient throughout the end of 2021 with commodity prices remaining near the highs seen in third quarter, reports net asset value per share as at December 31 of USD1.02.
Chair Reuben Jeffery comments: "Set against an encouraging energy market backdrop and strong fundamentals into the beginning of 2022, we remain very pleased with the performance of the RCOI vehicle. The company currently has a net asset value per share of USD1.02 and has returned over 20 cents per share to investors since the IPO."
Co-Founders of Riverstone Credit Christopher Abbate and Jamie Brodsky add: "Q4 2021 was the second quarter without any upstream exposure in the RCOI portfolio or any expected in the foreseeable future. We do believe there remains a very attractive pipeline of investment opportunities within the energy infrastructure & infrastructure services and energy transition sectors. In Q4 2021, RCOI was able to fully realise one investment and execute one new sustainability-linked loan."
Current stock price: USD0.90
12-month change: up 25%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Riverstone Cred (RCOI)