Investment trust insider on Riverstone Credit Opportunities – James Carthew: this cheap dividend fund could be even sweeter if it went fully green
The once mighty investment company debt sectors are shadows of their former selves, as many closed-end funds have gone to the wall or are being wound-down. However, what remains is of much better quality than it was.
Share price discounts are generally a bit wider than they should be though, and some of these warrant further investigation. One of these, I think, is Riverstone Credit Opportunities Income (RCOI).
RCOI provides finance in the form of senior secured loans to energy businesses, with a focus on infrastructure assets. At launch in March 2019, investors’ minds associated the fund manager with the provision of finance to oil and gas companies. However, like its sister investment company Riverstone Energy (RSE), RCOI is placing increasing emphasis on businesses involved in the transition to a low carbon economy.
You may recall last year I questioned RSE’s environmental, social and governance (ESG) credentials. In terms of its portfolio, further progress has been made in moving away from fossil fuels… read more here