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RCOI Riverstone Credit Opportunities Income Plc

0.91
0.015 (1.68%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Riverstone Credit Opportunities Income Plc LSE:RCOI London Ordinary Share GB00BJHPS390 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.015 1.68% 0.91 0.90 0.92 0.91 0.90 0.90 18,217 12:37:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 16.13M 12.85M 0.1415 6.43 82.63M

Riverstone Credit Opps. Inc PLC Edison issues review on Riverstone Credit Opps.

17/04/2023 7:00am

RNS Non-Regulatory


TIDMRCOI

Riverstone Credit Opps. Inc PLC

17 April 2023

London, UK, 17 April 2023

Edison issues review on Riverstone Credit Opportunities Income (RCOI)

Riverstone Credit Opportunities Income posted a healthy NAV total return of 14.5% in FY22, benefiting from rising base rates, as well as seven full exits (realised at an IRR of 14.3-32.5%) and six new investments resulting in the recognition of call premiums (exits) and upfront fees (investments). RCOI's focus on short-duration lending allowed it to swiftly rebalance its portfolio to energy-transition focused investments. The process is now complete, with over 95% of the end-2022 portfolio being either green loans or sustainability-linked loans (vs c 35% at end-2021).

RCOI currently trades at a c 20% discount to NAV. This is despite a relatively benign outlook for the oil and gas industry, the continued solid performance of the portfolio and a good dividend stream.

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All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milosz Papst +44 (0)20 3077 5700 investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        www.linkedin.com/company/edison-group-/ 
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END

NRALZLFFXZLLBBD

(END) Dow Jones Newswires

April 17, 2023 02:00 ET (06:00 GMT)

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