Welcome to our dedicated page for KKR INCOME OPPORTUNITIES FUND news (Ticker: KIO), a resource for investors and traders seeking the latest updates and insights on KKR INCOME OPPORTUNITIES FUND stock.
KKR Income Opportunities Fund (KIO) operates as a non-diversified, closed-end management investment company, focusing on generating a high level of current income with a secondary objective of capital appreciation. KIO aims to achieve its investment goals by strategically investing in a diversified portfolio of loans and fixed-income instruments from both U.S. and non-U.S. issuers. Under typical market conditions, the fund allocates approximately 80% of its managed assets to loans and fixed-income instruments, including derivative instruments that possess similar economic characteristics.
The company invests in a variety of sectors such as banks, building products, chemicals, communications equipment, diversified telecommunication services, electric utilities, insurance, information technology services, machinery, and media. KIO's portfolio includes first- and second-lien secured loans, unsecured loans, and high-yield corporate debt instruments of varying maturities.
The fund's investment advisor, KKR Credit Advisors (US) LLC, leverages its extensive expertise in credit markets to navigate and identify attractive investment opportunities for income generation and potential capital appreciation. KKR Income Opportunities Fund remains committed to providing value to its shareholders by actively managing its portfolio and adapting to changing market conditions.
Recently, KIO has been making strides in optimizing its investment portfolio, reflecting the company's dedication to achieving its income and capital appreciation objectives. The fund's resilience and strategic planning have positioned it well in the current economic climate, allowing it to capitalize on emerging opportunities in various sectors.
KKR Income Opportunities Fund (KIO) has announced monthly distributions of $0.1215 per common share for January, February, and March 2025. Based on the Fund's current share price of $13.31 (as of December 16, 2024), this represents an annualized distribution rate of 10.95%.
The distributions will be payable on January 31, February 28, and March 31, 2025, with corresponding ex-dates and record dates on January 10, February 14, and March 14, 2025. The Fund notes that distributions may come from various sources, including net investment income, short-term capital gains, long-term capital gains, or return of capital.
KKR Income Opportunities Fund (KIO) and Insight Select Income Fund (INSI) have announced a definitive agreement for KIO to acquire INSI's assets. The transaction, expected to close in Q4 2024, will result in INSI shareholders receiving KIO shares with an option for up to 5% cash consideration. Key benefits include:
1. Increased size and scale (over $500M in net assets)
2. Attractive dividend (9.9% annual distribution rate as of 9/30/2024)
3. Enhanced liquidity and investor visibility
4. Operating expense savings
5. Access to KKR's credit platform ($237B AUM as of 6/30/2024)
KKR will offer a 12-month management fee waiver, reducing it from 1.10% to 0.99%. The transaction is intended to be a tax-free reorganization, subject to shareholder approvals and closing conditions.
KKR Income Opportunities Fund (NYSE: KIO) has announced monthly distributions of $0.1215 per common share for October, November, and December 2024. Based on the Fund's current share price of $14.80 (as of September 24, 2024), this represents an annualized distribution rate of 9.85%. The ex-dates and payable dates for these distributions are provided in the press release.
The Fund notes that the distribution rate is for informational purposes only and not indicative of future results. A portion of each distribution may come from sources other than net investment income. The final determination of the source of all distributions in 2024 will be made after year-end, and shareholders will receive a Form 1099-DIV for tax reporting purposes.
KKR Income Opportunities Fund is a diversified, closed-end fund. Investors are advised to consider the Fund's objectives, risks, charges, and expenses carefully before investing. The Fund's distribution rate may be affected by various factors, and there is no assurance that market conditions or other factors will not result in future changes to the distribution rate.
KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of $0.1215 per share. Based on the current share price of $13.60, the distributions represent an annualized rate of 10.72%. The distribution dates for July, August, and September have been outlined, with payments set for the end of each month. The fund stresses that these distributions do not guarantee future results and may include various income sources such as capital gains or return of capital. Investors are advised to consider the fund's objectives, risks, and charges before investing.
KKR Income Opportunities Fund (NYSE: KIO) declared monthly distributions of $0.1215 per share for June, with Ex-Date, Record Date, and Payable Date all falling on June 14, 2024. The distribution rate is provided for informational purposes only and does not indicate future results. Shareholders will receive a Form 1099-DIV for tax reporting purposes. Investors should carefully assess the Fund's objectives, risks, charges, and expenses before investing, as market conditions can impact the Fund's performance and distribution rate.
FAQ
What is the current stock price of KKR INCOME OPPORTUNITIES FUND (KIO)?
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What is the primary objective of KKR Income Opportunities Fund?
What is the secondary objective of KKR Income Opportunities Fund?
What types of investments does KKR Income Opportunities Fund focus on?
How much of its managed assets does KKR Income Opportunities Fund aim to invest in loans and fixed-income instruments?
Who is the investment advisor for KKR Income Opportunities Fund?
What sectors does KKR Income Opportunities Fund invest in?
What types of loans does KKR Income Opportunities Fund invest in?
How does KKR Income Opportunities Fund achieve its investment objectives?
What recent achievements have KKR Income Opportunities Fund made?
How does KKR Credit Advisors (US) LLC contribute to KIO's performance?
