KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) today
announced its monthly distributions of $0.1215 per common share,
payable on the dates below. Based on the Fund’s current share price
of $13.60 per share (as of market close on June 18, 2024), the
distributions represent an annualized distribution rate of 10.72%,
(calculated by annualizing the distribution amount and dividing it
by the current price).
The monthly distribution schedule is as follows for the months
of July, August, and September:
Ex-Date:
July 12, 2024
Record Date:
July 12, 2024
Payable Date:
July 31, 2024
Ex-Date:
August 9, 2024
Record Date:
August 9, 2024
Payable Date:
August 30, 2024
Ex-Date:
September 13, 2024
Record Date:
September 13, 2024
Payable Date:
September 30, 2024
Information regarding the distribution rate is included for
informational purposes only and is not necessarily indicative of
future results, the achievement of which cannot be assured. The
distribution rate should not be considered the yield or total
return on an investment in the Fund.
In compliance with Section 19 of the Investment Company Act of
1940, a notice will be provided to shareholders for any
distribution that does not consist solely of net investment income.
A portion of each distribution may be treated as paid from sources
other than net investment income, including but not limited to
short-term capital gains, long-term capital gains or return of
capital.
The amounts and sources of distributions reported in this notice
are only estimates and are not being provided for tax reporting
purposes. The final determination of the source of all
distributions in 2024 will be made after year-end. The Fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report these distributions for federal income tax
purposes.
The Fund is a diversified, closed-end fund. Investors should
consider the Fund’s investment objectives, risks, charges and
expenses carefully before investing.
The investment return, price, yields, market value and net asset
value (“NAV”) of a fund's shares will fluctuate with market
conditions. Closed-end funds frequently trade at a discount to
their NAV, which may increase an investor’s risk of loss. There is
no assurance that the Fund will meet its investment objective. The
Fund’s distribution rate may be affected by numerous factors,
including changes in realized and projected market returns, Fund
performance, and other factors. There can be no assurance that a
change in market conditions or other factors will not result in a
change in a Fund distribution rate at a future time.
An investment in the Fund is not appropriate for all investors
and is not intended to be a complete investment program. The Fund
is designed as a long-term investment and not as a trading vehicle.
Investors should carefully review and consider the Fund’s
investment objective, risk, charges and expenses before
investing.
Investment return and principal value will fluctuate, and it is
possible to lose money by investing in the Fund. Past performance
is not a guarantee of future results.
Forward Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of the federal
securities laws. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
The forward-looking statements are based on the Fund’s and KKR's
beliefs, assumptions and expectations of its future performance,
taking into account all information currently available to it.
These beliefs, assumptions and expectations can change as a result
of many possible events or factors, not all of which are known to
the Fund or KKR or are within their control. The Fund and KKR do
not undertake any obligation to update any forward-looking
statements to reflect circumstances or events that occur after the
date on which such statements were made except as required by
law.
This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the
offer or sale is not permitted. Investors should consider the
Fund’s investment objectives, risks, charges and expenses carefully
before investing. An investment in the Fund should not constitute a
complete investment program.
KKR Income Opportunities Fund
KKR Income Opportunities Fund is a diversified, closed-end
management investment company managed by KKR Credit Advisors (US)
LLC (“KKR Credit”), an indirect subsidiary of KKR & Co. Inc.
(“KKR”). The Fund’s primary investment objective is to seek a high
level of current income with a secondary objective of capital
appreciation. The Fund will seek to achieve its investment
objective by investing primarily in first- and second-lien secured
loans, unsecured loans and high yield corporate debt instruments.
It expects to employ a dynamic strategy of investing in a targeted
portfolio of loans and fixed-income instruments of U.S. and
non-U.S. issuers and implementing hedging strategies in order to
achieve attractive risk-adjusted returns. Please visit
www.kkrfunds.com/kio for additional information.
About KKR Credit
Launched by KKR in 2004, KKR Credit invests on behalf of its
managed funds, clients and accounts across the corporate credit
spectrum, including secured credit, bank loans and high yield
securities and alternative assets such as junior debt, asset-based
finance, corporate direct lending, strategic investments and
structured finance. With approximately 440 employees, including
approximately 160 investment professionals, KKR Credit’s investment
teams are closely aligned with KKR’s wealth of private equity
investment and industry resources.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
Contact the Fund at (855) 330-3927 or visit the Fund’s
website at https://www.kkrfunds.com/kio for additional
information.
The Fund will invest in loans and other types of fixed‐income
instruments and securities. Such investments may be secured,
partially secured or unsecured and may be unrated, and whether or
not rated, may have speculative characteristics. The market price
of the Fund’s investments will change in response to changes in
interest rates and other factors. Generally, when interest rates
rise, the values of fixed‐income instruments fall, and vice
versa.
Use of leverage creates an opportunity for increased income
and return for Common Shareholders but, at the same time, creates
risks, including the likelihood of greater volatility in the NAV
and market price of, and distributions on, the Common Shares. In
particular, leverage may magnify interest rate risk, which is the
risk that the prices of portfolio securities will fall (or rise) if
market interest rates for those types of securities rise (or fall).
As a result, leverage may cause greater changes in the Fund’s NAV,
which will be borne entirely by the Fund’s Common
Shareholders.
Derivative investments have risks, including the imperfect
correlation between the value of such instruments and the
underlying assets of the Fund. The risk of loss from a short sale
is unlimited because the Fund must purchase the shorted security at
a higher price to complete the transaction and there is no upper
limit for the security price. The use of options, swaps, and
derivatives by the Fund has the potential to significantly increase
the Fund’s volatility. In addition to the normal risks associated
with investing, international investments may involve risk of
capital loss from unfavorable fluctuation in currency values, from
differences in generally accepted accounting principles or from
social, economic or political instability in other nations. The
Fund’s investments in securities or other instruments of non‐U.S.
issuers or borrowers may be traded in undeveloped, inefficient and
less liquid markets and may experience greater price volatility and
changes in value.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620449959/en/
Media Julia Kosygina 212.750.8300 media@kkr.com
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