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 April, May, and June 2025. Based on the Fund's current share price of $12.16 (as of March 17, 2025), this represents an annualized distribution rate of 11.99%.
The Fund, managed by KKR Credit Advisors, is a diversified, closed-end management investment company focusing on first- and second-lien secured loans, unsecured loans, and high yield corporate debt instruments. Its primary objective is achieving high current income, with capital appreciation as a secondary goal.
Investors should note that distribution rates may be affected by various factors, and portions of distributions might be treated as paid from sources other than net investment income, including capital gains or return of capital.
Il KKR Income Opportunities Fund (NYSE: KIO) ha dichiarato distribuzioni mensili di $0.1215 per azione ordinaria per i mesi di aprile, maggio e giugno 2025. Sulla base del prezzo attuale dell'azione del Fondo di $12.16 (al 17 marzo 2025), questo rappresenta un tasso di distribuzione annualizzato dell'11.99%.
Il Fondo, gestito da KKR Credit Advisors, è una società di investimento chiusa e diversificata che si concentra su prestiti garantiti di primo e secondo grado, prestiti non garantiti e strumenti di debito societario ad alto rendimento. Il suo obiettivo principale è ottenere un alto reddito corrente, con l'apprezzamento del capitale come obiettivo secondario.
Gli investitori devono notare che i tassi di distribuzione possono essere influenzati da vari fattori e che porzioni delle distribuzioni potrebbero essere trattate come pagate da fonti diverse dal reddito da investimento netto, inclusi guadagni in conto capitale o restituzione di capitale.
El KKR Income Opportunities Fund (NYSE: KIO) ha declarado distribuciones mensuales de $0.1215 por acción ordinaria para abril, mayo y junio de 2025. Basado en el precio actual de la acción del Fondo de $12.16 (a partir del 17 de marzo de 2025), esto representa una tasa de distribución anualizada del 11.99%.
El Fondo, gestionado por KKR Credit Advisors, es una compañía de inversión cerrada y diversificada que se enfoca en préstamos garantizados de primer y segundo grado, préstamos no garantizados y instrumentos de deuda corporativa de alto rendimiento. Su objetivo principal es lograr un alto ingreso corriente, con la apreciación del capital como un objetivo secundario.
Los inversionistas deben tener en cuenta que las tasas de distribución pueden verse afectadas por varios factores, y que partes de las distribuciones podrían ser tratadas como pagadas de fuentes distintas a los ingresos netos de inversión, incluidos las ganancias de capital o la devolución de capital.
KKR 인컴 기회 펀드 (NYSE: KIO)는 2025년 4월, 5월, 6월에 대해 주당 $0.1215의 월 배당금을 선언했습니다. 2025년 3월 17일 기준으로 펀드의 현재 주가가 $12.16인 점을 고려할 때, 이는 연간 배당률 11.99%를 나타냅니다.
KKR 크레딧 어드바이저가 관리하는 이 펀드는 1순위 및 2순위 담보 대출, 무담보 대출 및 고수익 기업 채무 상품에 중점을 둔 다양화된 폐쇄형 투자 회사입니다. 주요 목표는 높은 현재 수익을 달성하는 것이며, 자본 증가는 부차적인 목표입니다.
투자자들은 배당률이 여러 요인에 의해 영향을 받을 수 있으며, 배당금의 일부는 순투자소득 외의 출처에서 지급된 것으로 간주될 수 있다는 점을 유의해야 합니다. 여기에는 자본 이득 또는 자본 반환이 포함됩니다.
Le KKR Income Opportunities Fund (NYSE: KIO) a déclaré des distributions mensuelles de $0.1215 par action ordinaire pour avril, mai et juin 2025. Sur la base du prix actuel de l'action du Fonds de $12.16 (au 17 mars 2025), cela représente un taux de distribution annualisé de 11.99%.
Le Fonds, géré par KKR Credit Advisors, est une société d'investissement fermée et diversifiée, axée sur les prêts garantis de premier et de deuxième rang, les prêts non garantis et les instruments de dette d'entreprise à haut rendement. Son objectif principal est d'atteindre un revenu courant élevé, l'appréciation du capital étant un objectif secondaire.
Les investisseurs doivent noter que les taux de distribution peuvent être affectés par divers facteurs, et que certaines parties des distributions pourraient être considérées comme payées à partir de sources autres que le revenu net d'investissement, y compris les gains en capital ou le retour de capital.
Der KKR Income Opportunities Fund (NYSE: KIO) hat monatliche Ausschüttungen von $0.1215 pro Stammaktie für April, Mai und Juni 2025 erklärt. Basierend auf dem aktuellen Aktienkurs des Fonds von $12.16 (Stand 17. März 2025) entspricht dies einer annualisierten Ausschüttungsrate von 11.99%.
Der Fonds, der von KKR Credit Advisors verwaltet wird, ist eine diversifizierte, geschlossene Investmentgesellschaft, die sich auf besicherte Kredite der ersten und zweiten Rangfolge, unbesicherte Kredite und hochverzinsliche Unternehmensschuldverschreibungen konzentriert. Sein Hauptziel ist es, ein hohes laufendes Einkommen zu erzielen, während die Kapitalwertsteigerung ein sekundäres Ziel darstellt.
Investoren sollten beachten, dass die Ausschüttungsraten von verschiedenen Faktoren beeinflusst werden können und Teile der Ausschüttungen möglicherweise als aus anderen Quellen als dem Nettoanlageertrag gezahlt angesehen werden, einschließlich Kapitalgewinnen oder Rückzahlungen von Kapital.
- High annualized distribution rate of 11.99%
- Consistent monthly distribution maintained at $0.1215 per share
- Distributions may include return of capital, not just net investment income
- Fund typically trades at a discount to NAV, increasing investor risk
Insights
KKR Income Opportunities Fund's declaration of
This high yield reflects the fund's investment approach targeting first- and second-lien secured loans, unsecured loans, and high-yield corporate debt instruments. For income-focused investors, the consistency of this payout provides valuable cash flow visibility for the next quarter.
However, the announcement includes standard but important disclaimers that these distributions may not consist solely of net investment income and could include capital gains or return of capital. This distinction is critical - return of capital effectively returns investors' principal rather than generating true income, potentially impacting the fund's long-term sustainability.
The maintenance of this distribution level suggests the fund managers remain confident in their ability to generate sufficient income from their loan and high-yield debt portfolio to support this payout level in the near term. Without additional information about the fund's net asset value (NAV), distribution coverage ratio, or historical distribution composition, it's difficult to fully assess the sustainability beyond this quarter.
For closed-end fund investors, this announcement provides short-term income certainty without significant changes to the fund's established distribution policy.
The monthly distribution schedule is as follows for the months of April, May and June:
Ex-Date: |
April 11, 2025 |
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Record Date: |
April 11, 2025 |
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Payable Date: |
April 30, 2025 |
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Ex-Date: |
May 9, 2025 |
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Record Date: |
May 9, 2025 |
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Payable Date: |
May 30, 2025 |
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Ex-Date: |
June 13, 2025 |
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Record Date: |
June 13, 2025 |
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Payable Date: |
June 30, 2025 |
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 480 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) 862-6092 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/20250318689940/en/
Media
Julia Kosygina
212.750.8300
media@kkr.com
Source: KKR Income Opportunities Fund
FAQ
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