reports
- Pedro Fonseca
Riverstone Credit Opportunities Income - Termination of coverage
Edison Investment Research is terminating coverage on Riverstone Credit Opportunities Income (RCOI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
Edison issues update on Riverstone Credit Opportunities Income (RCOI):...
Edison Investment Research Limited Edison issues update on Riverstone Credit Opportunities Income (RCOI): Continues to deliver an 8–10% dividend yield 30-Jan-2024 / 10:20 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 30 January 2024 Edison issues update on Riverstone Credit Opportunities Income (RCOI): Continues to deliver an 8–10% dividend yield Riverstone Credit Opportunities Income (RCOI) reported an FY23 NAV total return (TR) of 6.0%, with continued steady income from its fully invested portfolio, though with some headwinds...
- Pedro Fonseca
Riverstone Credit Opportunities Income - Continues to deliver an 8–10%...
Riverstone Credit Opportunities Income (RCOI) reported an FY23 NAV total return (TR) of 6.0%, with continued steady income from its fully invested portfolio, though with some headwinds from the valuation of warrants. RCOI paid three quarterly dividends of 2.0 US cents per share for 9M23, and is therefore on track to deliver at least the lower bound of its targeted dividend yield of 8–10% on its IPO price of US$1.00. At the current 18.2% discount to NAV, RCOI’s last 12-month dividend translates i...
- Pedro Fonseca
Riverstone Credit Opportunities Income - Continues to benefit from hea...
Riverstone Credit Opportunities Income (RCOI) reported an H123 NAV total return (TR) of 4.1%, with all loan investments in its portfolio performing to plan (also with respect to key sustainability performance indicators embedded in the loan terms). In June 2023, RCOI participated in the refinancing of the Streamline Innovations loan, which allowed it to realise a gross internal rate of return (IRR) of 23.6% and multiple on invested capital (MOIC) of 1.29x on the original US$13.8m loan (after a h...
- Pedro Fonseca
Riverstone Credit Opportunities Income - High yield on the energy tran...
Riverstone Credit Opportunities Income (RCOI) posted a healthy NAV total return (TR) 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 por...
- Pedro Fonseca
Riverstone Credit Opportunities Income - Resilient and premium margins...
Riverstone Credit Opportunities Income (RCOI) is a closed-end fund that invests in mid-market energy company credit mostly via direct loans. This is a niche sector of low loan to value (LTV), delayed draw loans of relatively short duration, often employed as bridge loans by the borrowers. RCOI can invest broadly across the sector but has been repositioning towards entities building infrastructure and providing infrastructure services as well as those focused on the energy transition to zero carb...
Riverstone Credit Opportunities Income (RCOI): ESG repositioning conti...
Edison Investment Research Limited Riverstone Credit Opportunities Income (RCOI): ESG repositioning continues 03-May-2022 / 07:00 GMT/BST London, UK, 3 May 2021 Riverstone Credit Opportunities Income (RCOI): ESG repositioning continues Riverstone Credit Opportunities Income (RCOI) is a closed-end fund that invests in mid-market energy company credit mostly via direct loans. This is a niche sector of low loan to value, delayed draw loans of relatively short duration, often employed as bridge loans by the borrowers. RCOI can invest broadly across the sector but has been repo...
- Pedro Fonseca
Riverstone Credit Opportunities Income - ESG repositioning continues
Riverstone Credit Opportunities Income (RCOI) is a closed-end fund that invests in mid-market energy company credit mostly via direct loans. This is a niche sector of low loan to value (LTV), delayed draw loans of relatively short duration, often employed as bridge loans by the borrowers. RCOI can invest broadly across the sector but has been repositioning towards entities building infrastructure and providing infrastructure services as well as those focused on energy transition to zero carbon. ...
- Pedro Fonseca
Riverstone Credit Opportunities Income - Attractive returns with great...
Although it can invest in credit across the mid-market energy sector, Riverstone Credit Opportunities Income (RCOI) has been repositioning its portfolio towards renewable as well as conventional sources, with a primary focus on infrastructure assets. It continues to focus on its niche market of low LTV, delayed draw loans of relatively short duration, often employed as bridge loans by the borrowers. These yields remain good (portfolio H121 YTM is c 13%), portfolio losses have largely been avoide...
- Pedro Fonseca
Riverstone Credit Opportunities Income - Attractive returns with great...
Although it can invest in credit across the mid-market energy sector, Riverstone Credit Opportunities Income (RCOI) has been repositioning its portfolio towards renewable as well as conventional sources, with a primary focus on infrastructure assets. It continues to focus on its niche market of low LTV, delayed draw loans of relatively short duration, often employed as bridge loans by the borrowers. These yields remain good (portfolio H121 YTM is c 13%), portfolio losses have largely been avoide...
Edison Investment Research Limited: Riverstone Credit Opportunities In...
Edison Investment Research Limited Edison Investment Research Limited: Riverstone Credit Opportunities Income (RCOI): initiation - Niche energy infrastructure lending 12-March-2021 / 07:00 GMT/BST London, UK, 12 March 2021 Riverstone Credit Opportunities Income (RCOI): initiation - Niche energy infrastructure lending Riverstone Credit Opportunities Income (RCOI) is a closed-end fund that invests in mid-market energy company credit mostly via direct loans. Broadly across the sector, the lending includes infrastructure and infrastructure services across conventional and rece...
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