(Alliance News) - Riverstone Credit Opportunities Income PLC said Thursday its net asset value rose in its first reviewed period since listing on the London Stock Exchange in March 2019, helped by continued portfolio growth.
For the period from March 11, 2019, to December 31, the energy-focused investment trust reported a net asset value per share of USD1.014 at the end of the year, up 2.9% from UDS0.985 at the end of June.
Riverstone Credit's share price at the end of the year was USD0.955, reflecting a 5.8% discount to net asset value.
Shares in Riverstone Credit closed up 0.6% on Thursday at USD0.94, having declined since the period-end.
As at December 31, Riverstone Credit had eight investments in its portfolio, with a total realised capital and unrealised value of USD47.7 million.
Riverstone Credit declared a dividend of 2.57 US cents per share for the period.
"The investment opportunity for Riverstone Credit remains robust with several actionable Engineering & Production, midstream and services focused investments in various stages of review and negotiation," said Chair Reuben Jeffery.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Riverstone Cred (RCOI)