KKR Income Opportunities Fund Declares Monthly Distributions of $0.105 Per Share

Rhea-AI Summary

KKR Income Opportunities Fund (NYSE: KIO) has announced monthly distributions of $0.105 per common share for May, June, and July 2021. Based on an IPO price of $20.00 and a current price of $15.94, this equates to an annualized distribution rate of 6.30% and 7.90% respectively. The ex-dates for distribution are May 13, June 10, and July 8. Payments are scheduled for May 28, June 30, and July 30. The Fund emphasizes that past performance does not guarantee future results and that investments may fluctuate in value.

Positive

• Monthly distribution of $0.105 per share for May, June, and July 2021.
• Annualized distribution rates of 6.30% based on IPO price and 7.90% based on current price.
• Scheduled payments provide clarity for investors.

Negative

• Current share price of $15.94 is significantly below the IPO of $20.00, indicating potential investor loss.
• Distribution may include sources other than net investment income, creating uncertainty for tax reporting.

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 current share price of $15.94 per share (as of market close on April 28, 2021), the distributions represent an annualized distribution rate of 6.30% and 7.90% respectively (calculated by annualizing the distribution amount and dividing it by the IPO share price and current price respectively).

The monthly distribution schedule is as follows for the months of May, June and July:

Ex-Date:		May 13, 2021
Record Date:		May 14, 2021
Payable Date:		May 28, 2021
Amount:		$0.105 per share
Ex-Date:		June 10, 2021
Record Date:		June 11, 2021
Payable Date:		June 30, 2021
Amount:		$0.105 per share
Ex-Date:		July 8, 2021
Record Date:		July 9, 2021
Payable Date:		July 30, 2021
Amount:		$0.105 per share

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 gain, long-term capital gain 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 2021 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 po

FAQ

What is the current distribution amount for KKR Income Opportunities Fund (KIO)?

The current distribution amount is $0.105 per common share.

When will KKR Income Opportunities Fund (KIO) pay its distributions?

Distributions will be paid on May 28, June 30, and July 30, 2021.

What are the ex-dates for KKR Income Opportunities Fund (KIO) distributions?

The ex-dates are May 13, June 10, and July 8, 2021.

What are the annualized distribution rates for KKR Income Opportunities Fund (KIO)?

The annualized distribution rates are 6.30% based on the IPO price and 7.90% based on the current price.

Is there a guarantee on future distributions for KKR Income Opportunities Fund (KIO)?

There is no assurance that future distributions will be at the same rate, as several factors can affect the distribution rate.