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LONDON - Riverstone (LON:RSER) Credit Opportunities Income Plc (LSE:RCOI), a London Stock Exchange-listed investment company, has announced a quarterly dividend of 0.7 cents per share for the quarter ending December 31, 2024. This dividend is scheduled to be paid on March 28, 2025, to shareholders who are on the register at the close of business on March 7, 2025. The ex-dividend date is set for March 6, 2025.
RCOI specializes in lending to entities involved in the energy infrastructure and energy-transition sectors, including both renewable and conventional energy sources. The company is actively reorienting its investments towards projects that support the energy transition by focusing on decarbonization and sustainable infrastructure development.
The dividend may be issued as either dividend income or "qualifying interest income," which, for UK tax purposes, can be considered an interest distribution under the interest streaming regime applicable to investment trusts. In this instance, the entire quarterly dividend is treated as qualifying interest income.
This dividend declaration follows the recent strategic move by Riverstone Holdings LLC and its affiliate, Riverstone Investment Group, which on January 2, entered into a sub-management agreement with Breakwall Capital LP for RCOI. Breakwall Capital, an SEC-regulated independent asset manager, is led by former members of the Riverstone Credit Partners team.
RCOI’s investment strategy is to ensure a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, adhering to industry best practices. This approach aligns with the company’s commitment to facilitating the transition to a low-carbon economy.
The information provided in this article is based on a press release statement from Riverstone Credit Opportunities Income Plc.
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