RiverFort Global Opportunities (AIM: RGO) has reassured shareholders that the Company has a strong balance sheet and is well-funded with a current cash balance of around £2.8 million.
Furthermore, RGO's investment portfolio principally comprises debt and equity-linked debt investments so the portfolio is currently unaffected by share price volatility.
Against the background of a difficult fund-raising market, the Company is seeing an increasing number of new and attractive investment and funding opportunities through its investment adviser, RiverFort Global Capital Limited. The Company is therefore actively working on deploying its investment capital to help provide companies with an alternative source of funding during this difficult period.
Despite the robust business model and increasing opportunities, shares in Riverfort closed 0.6p on 7 April, some 30% lower than the beginning of March 2020.
Phillip Haydn-Slater, Non-executive Chairman commented: "I am pleased to say that RGO plc is in very good shape despite the current difficult set of circumstances that we are all dealing with. The Company has significant funds available to deploy and is therefore continuing to look for and invest in new opportunities despite the current market turmoil."