KKR Income Opportunities Fund declares monthly distributions of $ 0.105 per share
NEW YORK, July 23, 2021– (COMMERCIAL THREAD) – KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) today announced its monthly distributions of $ 0.105 per common share, payable on the dates below. Based on the Fund’s initial public offering price of $ 20.00 per share and the current share price of $ 16.24 per share (at market close on July 22, 2021), distributions represent a annualized payout rate of 6.30% and 7.76% respectively (calculated by the payout amount and dividing it by the IPO share price and the current price, respectively).
The monthly distribution schedule is as follows for the months of August, September and October:
Departure date: August 12, 2021
Recording date: August 13, 2021
Payment date: August 31, 2021
Amount: $ 0.105 per share
Departure date: September 9, 2021
Recording date: September 10, 2021
Payment date: September 30, 2021
Amount: $ 0.105 per share
Departure date: October 14, 2021
Recording date: October 15, 2021
Payment date: October 29, 2021
Amount: $ 0.105 per share
Information concerning the payout ratio is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be guaranteed. The payout rate should not be viewed as the return or total return on an investment in the Fund.
In accordance with section 19 of the Investment Company Act of 1940, notice will be provided to shareholders of any distribution which does not consist solely of net investment income. A portion of each distribution may be deemed to be paid from sources other than net investment income, including, but not limited to, a short-term capital gain, a long-term capital gain, or a redemption. of capital.
The amounts and sources of distributions shown in this notice are estimates only and are not provided for tax reporting purposes. The final determination of the source of all distributions in 2021 will be made after the end of the year. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.
The Fund is a diversified closed-end fund. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing.
The return on investment, price, yields, market value and net asset value (âNAVâ) of a fund’s shares fluctuate with market conditions. Closed-end funds frequently trade for less than their net asset value, which can increase an investor’s risk of loss. There can be no assurance that the Fund will achieve its investment objective. The distribution rate of the Fund may be affected by many factors, including changes in realized and projected market returns, the performance of the Fund and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the distribution rate of the Fund at any future date.
An investment in the Fund is not suitable for all investors and is not intended to constitute 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 investment objective, risk, fees and expenses of the Fund before investing.
Investment returns and capital values ââfluctuate, and it is possible to lose money by investing in the Fund. Past performance is no guarantee of future results.
This press release contains certain statements which may include “forward-looking statements” within the meaning of federal securities laws. All statements, other than statements of historical fact, included herein are “forward-looking statements”. Forward-looking statements are based on the Fund’s and KKR’s beliefs, assumptions and expectations regarding its future performance, taking into account all information currently available. These beliefs, assumptions and expectations may change due to many possible events or factors, not all of which are known to the Fund or KKR or are not under their control. The Fund and KKR do not undertake to update 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 does not constitute an offer to sell securities and does not solicit an offer to buy securities in any jurisdiction where offering or selling is not permitted. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund 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 private management investment company managed by KKR Credit Advisors (US) LLC (âKKR Creditâ), an indirect subsidiary of KKR & Co. Inc. (âKKRâ). The primary investment objective of the Fund 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 senior and senior secured loans, unsecured loans and high yield corporate debt securities. He plans to employ an aggressive strategy of investing in a targeted portfolio of loans and fixed income instruments of US and non-US issuers and implementing hedging strategies to achieve attractive risk-adjusted returns. .
About KKR Credit
Launched by KKR in 2004, KKR Credit invests on behalf of its managed funds, clients and accounts across the spectrum of business credit, including secured credit, bank loans and high yield securities. and alternative assets such as mezzanine finance, investing in special situations and structured finance. With approximately 340 employees, including approximately 150 investment professionals, KKR Credit’s investment teams are closely aligned with KKR’s private equity investment wealth and industry resources.
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined approach to investing, employing world-class people and supporting the growth of 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 pension, life and reinsurance products under the leadership of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE: KKR), please visit the KKR website at www.kkr.com and on Twitter @KKR_Co.
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. These investments may be guaranteed, partially guaranteed or unsecured and may not be rated, and whether rated or not, may have speculative characteristics. The market price of the Fund’s investments will change in response to changes in interest rates and other factors. Usually, when interest rates rise, the values ââof fixed income instruments fall, and vice versa.
The use of leverage creates an opportunity for increased income and returns for common shareholders but, at the same time, creates risks, including the likelihood of greater volatility in net asset value and market price and distributions on common shares. In particular, leverage can amplify interest rate risk, which is the risk that the prices of the securities in the portfolio will fall (or rise) if the market interest rates for these types of securities rise (or decrease). Therefore, leverage may result in larger changes in the net asset value of the Fund, which will be fully borne by the holders of common shares of the Fund.
Derivative investments involve risks, including the imperfect correlation between the value of these instruments and the underlying assets of the Fund. The risk of loss from a short sale is unlimited because the Fund must buy the security short at a higher price to complete the trade and there is no upper limit for the price of the security. The use of options, swaps and derivatives by the Fund has the potential to significantly increase the volatility of the Fund. In addition to the normal risks associated with investing, international investments may involve a risk of loss of capital resulting from adverse fluctuations in currency values, differences in generally accepted accounting principles, or social, economic or political instability in d ‘other countries. The Fund’s investments in securities or other instruments of non-US issuers or borrowers may trade in undeveloped, inefficient and less liquid markets and may experience greater price volatility and changes in value.
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Cara Major or Miles Radcliffe-Trenner