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Last checked at 
3 Nov 2023 07:05
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 30 September 2023 of 2.0 cents per share, has been declared by the Directors, payable on 15 December 2023 to holders of ordinary shares on the register at the close of business on 17 November 2023 (ex-distribution date is 16 November 2023).
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 2.0 cents per share, 0.4661 cents is declared as dividend income with 1.5339 cents treated as qualifying interest income.
Inception to date interest and dividend income splits are as follows:
Distribution Period | Interest CPS | Dividend CPS | Total CPS |
March 2020* | 2.57 | 0.0 | 2.57 |
Total Declared for 2019 | 2.57 | 0.0 | 2.57 |
June 2020* | 1.4 | 0.4 | 1.8 |
September 2020* | 1.5 | 0.3 | 1.8 |
December 2020* | 1.4 | 0.0 | 1.4 |
March 2021* | 1.4 | 0.6 | 2.0 |
Total Declared for 2020 | 5.7 | 1.3 | 7.0 |
June 2021* | 1.5 | 0.2 | 1.7 |
September 2021* | 1.5 | 0.3 | 1.8 |
November 2021* | 1.5 | 0.3 | 1.8 |
March 2022 | 1.7 | 0.0 | 1.7 |
Total Declared for 2021 | 6.2 | 0.8 | 7.0 |
June 2022 | 1.4902 | 0.5098 | 2.0 |
September 2022* | 1.5302 | 0.4698 | 2.0 |
December 2022 | 1.5014 | 0.4986 | 2.0 |
March 2023 | 1.411 | 1.589 | 3.0 |
Total Declared for 2022 | 5.9328 | 3.0672 | 9.0 |
June 2023 | 1.4981 | 0.5019 | 2.0 |
September 2023 | 1.5203 | 0.4797 | 2.0 |
December 2023 | 1.5339 | 0.4661 | 2.0 |
Year-To-Date Declared for 2023 | 4.5523 | 1.4477 | 6.0 |
Inception-To-Date Declared | 24.9551 | 6.6149 | 31.57 |
*Interest and dividend splits per the replacement tax vouchers
Reuben Jeffery III, Chairman of RCOI commented:
"The ongoing elevated interest rate environment and maintained high levels of deployment both provide compelling tailwinds for the Company's strategy. Further, the significant investment momentum in critical energy infrastructure and the global energy transition in the US and elsewhere continues to embellish the Company's pipeline.
We are therefore pleased to deliver another 2.0 cents per share distribution in line with the Company's stated target to deliver annual returns of 8-10%."
For Riverstone Credit Opportunities Income Plc:
Adam Weiss +1 212 271 2953
Media Contacts:
Buchanan | |
Helen Tarbet Henry Wilson Verity Parker | Tel: +44 (0) 20 7466 5109 Tel: +44 (0) 20 7466 5111 Tel: +44 (0) 20 7466 5197 Email: rcoi@buchanan.uk.com |
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.
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.
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