|
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 $917,000 for the six months to June 30, compared with a $217,000 profit a year prior. NAV per share slipped to $0.90 from $0.92 at December 31, while total NAV fell to $44.3 million from $62.6 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 $0.88 each, returning around $16.8 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’. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
