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New York, March 14, 2024–(BUSINESS WIRE)–KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) today announced that it will pay monthly distributions of $0.1215 per common share on the following dates: Based on the Fund’s current stock price of $13.45 per share (as of market close on March 13, 2024), the distribution would be an annualized distribution rate of 10.84% (annualized distribution at current price). (Calculated by dividing)
The monthly distribution schedule for April, May, and June is as follows.
|
Expired: |
April 11, 2024 |
|
Record date: |
April 12, 2024 |
|
Date of payment: |
April 30, 2024 |
|
Expired: |
May 9, 2024 |
|
Record date: |
May 10, 2024 |
|
Date of payment: |
May 31, 2024 |
|
Expired: |
June 13, 2024 |
|
Record date: |
June 14, 2024 |
|
Date of payment: |
June 28, 2024 |
Information regarding distribution rates is for informational purposes only and is not necessarily indicative of future results or a guarantee that they will be achieved. The distribution rate should not be considered the yield or total return of an investment in the Fund.
Pursuant to Section 19 of the Investment Company Act of 1940, notice will be provided to stockholders for distributions that do not consist solely of net investment income. A portion of each distribution may be treated as being paid from sources other than net investment income, including, but not limited to, short-term capital gains, long-term capital gains, or returns of capital.
The amounts and sources of distributions reported in this notice are estimates only and are not provided for tax reporting purposes. Final determination of the source of all distributions for 2024 will be made after year-end. The Fund will send you a Form 1099-DIV for the calendar year that describes how to report these distributions for federal income tax purposes.
This fund is a diversified closed-end fund. Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses before investing.
The investment return, price, yield, market value and net asset value (“NAV”) of Fund shares will fluctuate based on market conditions. Closed-end funds often trade at a discount to NAV, which can increase investors’ risk of loss. There is no guarantee that the Fund will achieve its investment objective. The Fund’s distribution rate may be affected by many factors, including changes in realized and expected market returns, the Fund’s performance, and other factors. There can be no assurance that the Fund’s distribution rate will not change in the future due to changes in market conditions or other factors.
An investment in the Fund may not be suitable 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 consider and consider the Fund’s investment objectives, risks, charges and expenses before investing.
Investment return and principal value will fluctuate, and you may incur a loss by investing in the Fund. Past performance does not guarantee future results.
Forward-looking statements
This press release contains certain statements that may contain “forward-looking statements” within the meaning of federal securities laws. All statements other than historical facts contained herein are “forward-looking statements.” Forward-looking statements are based on beliefs, assumptions and expectations regarding the future performance of the Fund and KKR in light of all currently available information. These beliefs, assumptions and expectations may change as a result of many possible events and factors, not all of which are known to or within the control of the Fund or KKR. there is no. The Fund and KKR undertake no obligation to update any forward-looking statements to reflect circumstances or events that occur after the date such statements are made, except as required by law.
This document is not an offer to sell any securities, nor is it a solicitation of an offer to buy any securities in any jurisdiction in which such offer or sale is not authorized. Investors should carefully consider a Fund’s investment objectives, risks, charges and expenses before investing. An investment in the Fund does not constitute a complete investment program.
KKR Income Opportunity Fund
KKR Income Opportunities Fund is a diversified, closed-end managed 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 pursue high levels of ordinary income, with its secondary objective being capital growth. The Fund seeks to achieve its investment objectives by investing primarily in first- and second-lien secured loans, unsecured loans, and high-yield corporate debt instruments. We intend to employ a dynamic strategy of investing in a targeted portfolio of loans and debt securities from U.S. and non-U.S. issuers and implementing hedging strategies to achieve attractive risk-adjusted returns. For more information, please visit www.kkrfunds.com/kio.
About KKR Credit
Founded by KKR in 2004, KKR Credit provides corporate credit on behalf of its managed funds, clients and accounts, including alternative assets such as secured credit, bank loans, high-yield securities, junior debt, asset-based finance and corporate direct. We invest across the credit spectrum. Loans, strategic investments and structured finance. With more than 450 employees, including more than 160 investment professionals, KKR Credit’s investment team works closely with KKR’s extensive private equity investment and industry resources.
About KKR
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, hiring world-class talent, and supporting the growth of our portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real estate assets, and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries provide retirement, life insurance and reinsurance products under the management of Global Atlantic Financial Group. References to KKR investments may include the activities of KKR-sponsored funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
For more information, contact the Fund at (855) 330-3927 or visit the Fund’s website at https://www.kkrfunds.com/kio.
The Fund invests in loans and other types of bonds and securities. Such investments may be secured, partially secured, unsecured, unrated, rated or unrated. May have speculative nature. The market value of the Fund’s investments will fluctuate in response to changes in interest rates and other factors. Generally, as interest rates rise, the value of bonds falls, and vice versa.
The use of leverage creates opportunities to increase income and returns for common stockholders, but it also creates risks, including the potential for greater volatility in the common stock’s NAV, market price and distributions. In particular, leverage can increase interest rate risk. Interest rate risk is the risk that the price of a portfolio security will fall (or rise) if market interest rates on the portfolio security rise (or fall). As a result, leverage may result in significant fluctuations in the Fund’s NAV, which fluctuations will be borne entirely by the Fund’s common stockholders.
Derivative investments involve risks, including imperfect correlation between the value of such instruments and the Fund’s underlying assets. 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 cap on the price of the security. The Fund’s use of options, swaps and derivatives may significantly increase the Fund’s volatility. In addition to the normal risks associated with investing, international investments involve the risk of loss of capital due to adverse fluctuations in currency values, differences in generally accepted accounting principles, or social, economic, or political instability in other countries. may be accompanied. The Fund’s investments in securities or other instruments of non-U.S. issuers or borrowers may trade in undeveloped, inefficient, and illiquid markets and may be subject to significant price volatility and fluctuations in value. There is a possibility.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240314902560/ja/
contact address
media
Julia Kozina
212.750.8300
media@kkr.com
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