KKR Income Opportunities Fund Declares Monthly Distributions of $0.1215 Per Share
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.
Il KKR Income Opportunities Fund (NYSE: KIO) ha annunciato distribuzioni mensili di $0.1215 per ogni azione comune per ottobre, novembre e dicembre 2024. In base al prezzo attuale delle azioni del Fondo di $14.80 (al 24 settembre 2024), questo rappresenta un tasso di distribuzione annualizzato del 9.85%. Le date di stacco e le date di pagamento per queste distribuzioni sono indicate nel comunicato stampa.
Il Fondo sottolinea che il tasso di distribuzione è fornito solo a titolo informativo e non è indicativo di risultati futuri. Una parte di ciascuna distribuzione potrebbe provenire da fonti diverse dal reddito netto da investimento. La determinazione finale della fonte di tutte le distribuzioni nel 2024 sarà effettuata dopo la fine dell'anno, e gli azionisti riceveranno un modulo 1099-DIV per fini di dichiarazione fiscale.
Il KKR Income Opportunities Fund è un fondo chiuso diversificato. Gli investitori sono invitati a considerare attentamente gli obiettivi, i rischi, le spese e i costi del Fondo prima di investire. Il tasso di distribuzione del Fondo potrebbe essere influenzato da vari fattori, e non vi è alcuna garanzia che le condizioni di mercato o altri fattori non comportino cambiamenti futuri nel tasso di distribuzione.
El KKR Income Opportunities Fund (NYSE: KIO) ha anunciado distribuciones mensuales de $0.1215 por acción ordinaria para octubre, noviembre y diciembre de 2024. Con base en el precio actual de la acción del Fondo de $14.80 (a partir del 24 de septiembre de 2024), esto representa una tasa de distribución anualizada del 9.85%. Las fechas ex y las fechas de pago para estas distribuciones se proporcionan en el comunicado de prensa.
El Fondo señala que la tasa de distribución es solo para fines informativos y no indica resultados futuros. Una parte de cada distribución puede provenir de fuentes distintas a los ingresos netos de inversión. La determinación final de la fuente de todas las distribuciones en 2024 se hará después del cierre del año, y los accionistas recibirán un formulario 1099-DIV para fines de reporte fiscal.
El KKR Income Opportunities Fund es un fondo cerrado diversificado. Se aconseja a los inversores considerar cuidadosamente los objetivos, riesgos, cargos y gastos del Fondo antes de invertir. La tasa de distribución del Fondo puede verse afectada por diversos factores, y no hay garantía de que las condiciones del mercado u otros factores no resulten en cambios futuros en la tasa de distribución.
KKR 인컴 기회 펀드 (NYSE: KIO)는 2024년 10월, 11월, 12월에 대해 $0.1215의 월 배당금을 발표했습니다. 2024년 9월 24일 기준으로 펀드의 현재 주가 $14.80를 바탕으로, 이는 연간 배당률 9.85%를 나타냅니다. 이 배당금의 기준일과 지급일은 보도자료에 제공되어 있습니다.
펀드는 배당률이 정보 제공의 목적으로만 제공되며, 미래의 결과를 나타내지 않는다고 언급합니다. 각 배당금의 일부는 순투자소득 외의 출처에서 올 수 있습니다. 2024년 모든 배당금의 출처에 대한 최종 결정은 연말 이후에 이루어지며, 주주들은 세금 신고를 위한 1099-DIV 양식을 받게 됩니다.
KKR 인컴 기회 펀드는 다양화된 폐쇄형 펀드입니다. 투자자는 투자하기 전에 펀드의 목표, 위험, 수수료 및 비용을 신중하게 고려해야 합니다. 펀드의 배당률은 여러 요인에 의해 영향을 받을 수 있으며, 시장 조건이나 기타 요인이 미래의 배당률 변경을 초래하지 않을 것이라는 보장은 없습니다.
Le KKR Income Opportunities Fund (NYSE: KIO) a annoncé des distributions mensuelles de $0.1215 par action ordinaire pour octobre, novembre et décembre 2024. Sur la base du prix actuel de l'action du Fonds de $14.80 (au 24 septembre 2024), cela représente un taux de distribution annualisé de 9.85%. Les dates ex et les dates de paiement pour ces distributions sont fournies dans le communiqué de presse.
Le Fonds précise que le taux de distribution est uniquement à titre informatif et n'indique pas des résultats futurs. Une partie de chaque distribution peut provenir de sources autres que les revenus nets d'investissement. La détermination finale de la source de toutes les distributions en 2024 sera effectuée après la clôture de l'année, et les actionnaires recevront un formulaire 1099-DIV à des fins de déclaration fiscale.
Le KKR Income Opportunities Fund est un fonds fermé diversifié. Les investisseurs sont conseillés à examiner attentivement les objectifs, les risques, les frais et les dépenses du Fonds avant d'investir. Le taux de distribution du Fonds pourrait être affecté par divers facteurs, et il n'y a aucune garantie que les conditions du marché ou d'autres facteurs n'entraînent pas de modifications futures du taux de distribution.
Der KKR Income Opportunities Fund (NYSE: KIO) hat monatliche Ausschüttungen von $0.1215 pro Stammaktie für Oktober, November und Dezember 2024 angekündigt. Basierend auf dem aktuellen Aktienkurs des Fonds von $14.80 (Stand 24. September 2024) entspricht dies einer annualisierten Ausschüttungsrate von 9.85%. Die Ex-Daten und Zahlungstermine für diese Ausschüttungen sind in der Pressemitteilung angegeben.
Der Fonds weist darauf hin, dass die Ausschüttungsrate nur zu Informationszwecken dient und keine zukünftigen Ergebnisse anzeigt. Ein Teil jeder Ausschüttung kann aus anderen Quellen als aus dem Nettoeinkommen stammen. Die endgültige Bestimmung der Quelle aller Ausschüttungen für 2024 wird nach Jahresende getroffen, und die Aktionäre erhalten ein Formular 1099-DIV für steuerliche Meldezwecke.
Der KKR Income Opportunities Fund ist ein diversifizierter, geschlossener Fonds. Anleger werden dringend geraten, die Ziele, Risiken, Gebühren und Ausgaben des Fonds sorgfältig zu prüfen, bevor sie investieren. Die Ausschüttungsrate des Fonds kann von verschiedenen Faktoren beeinflusst werden, und es gibt keine Garantie, dass Marktbedingungen oder andere Faktoren nicht zu zukünftigen Änderungen der Ausschüttungsrate führen.
- Monthly distribution of $0.1215 per common share
- Annualized distribution rate of 9.85% based on current share price
- Distribution may include sources other than net investment income
- Fund frequently trades at a discount to NAV, potentially increasing investor risk
Insights
The KKR Income Opportunities Fund's announcement of monthly distributions at
Key points to consider:
- The distribution rate is notably high compared to market averages, which could indicate potential risks or use of return of capital.
- The fund's use of the term "distribution" rather than "dividend" suggests that payments may not be solely from investment income.
- The notice about distributions potentially including short-term and long-term capital gains or return of capital is crucial. This could have tax implications and may affect the fund's long-term sustainability.
- The fund's trading at a discount to NAV, while common for closed-end funds, presents both risks and opportunities for investors.
Investors should carefully review the fund's strategy, holdings and historical performance to assess whether the high distribution rate is sustainable and aligns with their investment goals and risk tolerance.
The monthly distribution schedule is as follows for the months of October, November, and December:
Ex-Date: |
October 11, 2024 |
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Record Date: |
October 11, 2024 |
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Payable Date: |
October 31, 2024 |
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Ex-Date: |
November 8, 2024 |
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Record Date: |
November 8, 2024 |
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Payable Date: |
November 29, 2024 |
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Ex-Date: |
December 13, 2024 |
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Record Date: |
December 13, 2024 |
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Payable Date: |
December 31, 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
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 over 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925976620/en/
Media
Julia Kosygina
212.750.8300
media@kkr.com
Source: KKR Income Opportunities Fund
FAQ
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When are the ex-dates and payable dates for KIO's distributions in Q4 2024?
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