KKR Income Opportunities Fund Declares Monthly Distributions of $0.1215 Per Share
KKR Income Opportunities Fund (NYSE: KIO) has declared monthly distributions of $0.1215 per common share for February and March 2025. Based on the Fund's current share price of $12.96, this represents an annualized distribution rate of 11.25%.
The distribution schedule includes revised dates for February: Ex-Date and Record Date on February 6, 2025 (changed from February 14), with payment on February 28, 2025. March distributions maintain Ex-Date and Record Date on March 14, 2025, with payment on March 31, 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. Final source determination will be made after year-end through Form 1099-DIV.
Il KKR Income Opportunities Fund (NYSE: KIO) ha dichiarato distribuzioni mensili di $0.1215 per azione ordinaria per i mesi di febbraio e marzo 2025. Basandosi sul prezzo attuale delle azioni del fondo di $12.96, questo corrisponde a un tasso di distribuzione annualizzato dell'11.25%.
Il calendario delle distribuzioni include date riviste per febbraio: Data di Ex e Data di Registrazione il 6 febbraio 2025 (cambiata dal 14 febbraio), con pagamento il 28 febbraio 2025. Le distribuzioni di marzo mantengono la Data di Ex e la Data di Registrazione il 14 marzo 2025, con pagamento il 31 marzo 2025.
Il fondo segnala che le distribuzioni possono provenire da diverse fonti, inclusi reddito netto da investimenti, guadagni di capitale a breve termine, guadagni di capitale a lungo termine o restituzione di capitale. La determinazione finale della fonte sarà effettuata dopo la fine dell'anno tramite il modulo 1099-DIV.
El KKR Income Opportunities Fund (NYSE: KIO) ha declarado distribuciones mensuales de $0.1215 por acción común para febrero y marzo de 2025. Con base en el precio actual de la acción del fondo de $12.96, esto representa una tasa de distribución anualizada del 11.25%.
El calendario de distribución incluye fechas revisadas para febrero: Fecha Ex y Fecha de Registro el 6 de febrero de 2025 (cambiada del 14 de febrero), con pago el 28 de febrero de 2025. Las distribuciones de marzo mantienen la Fecha Ex y la Fecha de Registro el 14 de marzo de 2025, con pago el 31 de marzo de 2025.
El fondo observa que las distribuciones pueden provenir de diversas fuentes, incluidos ingresos netos de inversiones, ganancias de capital a corto plazo, ganancias de capital a largo plazo o devolución de capital. La determinación final de la fuente se realizará después de final de año a través del formulario 1099-DIV.
KKR 인컴 오퍼튜니티 펀드 (NYSE: KIO)는 2025년 2월과 3월에 대해 주당 $0.1215의 월 배당금을 선언했습니다. 현재 펀드의 주가가 $12.96인 것을 기준으로 할 때, 이는 연간 배당 수익률 11.25%에 해당합니다.
배당 일정은 2월에 대한 변경된 날짜를 포함하며: 2025년 2월 6일에 Ex-Date 및 Record Date가 변경되었고 (2월 14일에서), 2025년 2월 28일에 지급됩니다. 3월 배당은 2025년 3월 14일에 Ex-Date 및 Record Date를 유지하며, 2025년 3월 31일에 지급됩니다.
펀드는 배당금이 순투자소득, 단기자본이익, 장기자본이익 또는 자본환급 등 다양한 출처에서 올 수 있음을 언급합니다. 최종 출처 결정은 연말 이후 1099-DIV 양식을 통해 이루어집니다.
Le KKR Income Opportunities Fund (NYSE: KIO) a déclaré des distributions mensuelles de 0,1215 $ par action ordinaire pour février et mars 2025. Sur la base du prix actuel de l'action du fonds de 12,96 $, cela représente un taux de distribution annualisé de 11,25 %.
Le calendrier de distribution comprend des dates révisées pour février : Date de Ex et Date d'Enregistrement le 6 février 2025 (changé du 14 février), avec paiement le 28 février 2025. Les distributions de mars maintiennent la Date de Ex et la Date d'Enregistrement le 14 mars 2025, avec paiement le 31 mars 2025.
Le fonds note que les distributions peuvent provenir de diverses sources, y compris des revenus nets d'investissement, des gains en capital à court terme, des gains en capital à long terme ou des retours de capital. La détermination finale de la source sera effectuée après la fin de l'année via le formulaire 1099-DIV.
Der KKR Income Opportunities Fund (NYSE: KIO) hat monatliche Ausschüttungen von 0,1215 $ pro Stammaktie für Februar und März 2025 bekannt gegeben. Basierend auf dem derzeitigen Aktienkurs des Fonds von 12,96 $ entspricht dies einer annualisierten Ausschüttungsquote von 11,25%.
Der Ausschüttungskalender umfasst überarbeitete Termine für Februar: Ex-Datum und Hauptdatum am 6. Februar 2025 (geändert vom 14. Februar) mit Auszahlung am 28. Februar 2025. Die Ausschüttungen im März behalten das Ex-Datum und das Hauptdatum am 14. März 2025 bei, mit einer Auszahlung am 31. März 2025.
Der Fonds weist darauf hin, dass die Ausschüttungen aus verschiedenen Quellen stammen können, einschließlich Nettozinsaufwendungen, kurzfristigen Kapitalgewinnen, langfristigen Kapitalgewinnen oder Rückerstattungen von Kapital. Die endgültige Bestimmung der Quelle erfolgt nach Jahresende über das Formular 1099-DIV.
- High annualized distribution rate of 11.25%
- Consistent monthly distribution schedule maintained at $0.1215 per share
- Distributions may include return of capital, potentially reducing investment principal
- Fund typically trades at a discount to NAV, increasing potential investor risk
Insights
The announced
The February distribution date revision, moved earlier from February 14 to February 6, suggests proactive management of cash flows and could benefit shareholders through faster capital deployment. This type of administrative adjustment typically indicates strong operational efficiency and shareholder-focused governance.
However, investors should carefully consider several critical factors:
- The fund's disclosure about distribution sources highlights that payments may include return of capital or capital gains, not just net investment income
- The current distribution rate, while attractive, shouldn't be interpreted as guaranteed future yield
- The fund's closed-end structure means market price can deviate significantly from NAV, affecting actual investor returns
For income-focused investors, the key consideration is sustainability. The fund's diversified approach and professional management by KKR provide some structural advantages, but the high distribution rate warrants monitoring of coverage ratios and source of distributions in upcoming 19(a) notices.
The monthly distribution schedule is as follows for the months of February and March:
Ex-Date: |
February 6, 2025* |
Record Date: |
February 6, 2025* |
Payable Date: |
February 28, 2025 |
|
|
Ex-Date: |
March 14, 2025 |
Record Date: |
March 14, 2025 |
Payable Date: |
March 31, 2025 |
*The Ex-Date and Record Date for the February distribution represent revisions to the February 14, 2025 Ex-Date and Record Date announced by the Fund on December 17, 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 2025 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 470 employees, including approximately 170 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/20250127947331/en/
Julia Kosygina
212.750.8300
media@kkr.com
Source: KKR Income Opportunities Fund
FAQ
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