Riverstone Credit reports first-half loss as net asset value falls

(Alliance News) - Riverstone Credit Opportunities Income PLC on Thursday reported a swing to a first-half loss and a drop in net asset value as it continues its managed wind-down.

The London-based energy infrastructure and energy-transition credit investor posted a net loss of USD917,000 for the six months to June 30, compared with a USD217,000 profit a year prior.

NAV per share slipped to USD0.90 from USD0.92 at December 31, while total NAV fell to USD44.3 million from USD62.6 million.

The company declared a quarterly dividend of 1.50 cents per share for the period ended June 30, down from 2.70 cents a year earlier.

During the half, Riverstone redeemed 19.1 million shares at USD0.88 each, returning around USD16.8 million to shareholders. Since adopting the wind-down strategy in May 2024, it has redeemed about 41% of its ordinary shares.

Chair Reuben Jeffery said the company remains focused on realising its remaining seven positions and returning capital "as soon as practicable".

By Eva Castanedo, Alliance News reporter

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