KKR & Co. Inc. - KKR STOCK NEWS

KKR Income Opportunities Fund (NYSE: KIO) announced monthly distributions of $0.105 per common share, reflecting an annualized distribution rate of 6.30% based on its IPO price of $20.00 and 7.60% based on the current share price of $16.57 as of October 21, 2021. The distribution schedule for the months of November, December, and January includes key dates for ex-dividend, record, and payable events. The Fund cautions that the distributions may not solely consist of net investment income and urges investors to consider its investment objectives and risks carefully.

KKR & Co. Inc. (NYSE: KKR) will announce its third quarter 2021 financial results on November 2, 2021, before the market opens. A conference call is scheduled for the same day at 10:00 a.m. ET, which can be accessed via phone or streamed live online. KKR is a global investment firm focused on alternative asset management, private equity, credit, and insurance solutions. Further details on the financial results will be available during the call.

KKR, alongside Dundee Partners, has acquired the KMR Music Royalties II portfolio from Kobalt Capital for approximately $1.1 billion. This portfolio includes over 62,000 copyrights from renowned artists across various genres. Kobalt Music Publishing will continue to manage these rights under a multi-year agreement. KKR aims to expand its music rights portfolio through this acquisition, promoting investment in artist-centric businesses while enhancing the global reach of the music.

KKR and Parkway Property Investments signed a long-term lease with Millennium Management for over 74,000 square feet at 1111 Brickell, a Class A office tower in Miami. The lease will accommodate investment professionals and technology teams. The tower underwent significant renovations since KKR's acquisition in 2018, enhancing amenities to attract top firms. KKR's director noted the growth in Miami's white-collar job market aligns with their investment thesis. This agreement strengthens KKR's position in the Miami commercial property market, showcasing its strategic approach to real estate.

KKR has appointed Ian Williamson as Managing Director and Head of Core Plus Real Estate in Europe. This strategic move aims to enhance KKR's European real estate franchise. Williamson, formerly of BlackRock, brings nearly two decades of experience in the sector, including overseeing significant investments. Under his leadership, KKR plans to focus on high-quality, stabilized assets with long-term growth potential. This aligns with KKR's growing commitment to a diverse investment portfolio.

New research from Global Atlantic Financial Group indicates that retirement-age investors are increasingly concerned about low interest rates and inflation's impact on their savings. The study, which surveyed 1,013 investors aged 59 to 75 with over $250,000 in assets, found that 71% believe inflation will negatively affect their retirement savings. Additionally, 46% are worried low interest rates will hinder their retirement income. Despite these concerns, 64% are now more open to seeking financial advice compared to before the pandemic, underscoring a proactive approach to retirement planning.

KKR and Kairoi Residential announced the acquisition of Novē at Knox, a luxury multifamily development in Dallas, Texas, from KBS and Southern Land Company for approximately $1.8 billion. This 310-unit, 19-story complex, completed in March 2021, is strategically located near high-end amenities and aims to cater to the growing demand for luxury apartments in the Sun Belt region. KKR's residential real estate footprint expands to over 2,500 units, reflecting its focus on high-growth markets, bolstered by strong economic fundamentals.

eRESI Mortgage, LLC, a private capital solutions provider for the residential mortgage market, has secured a strategic investment from subsidiaries of Global Atlantic Financial Group, becoming its majority owner. This transition will facilitate the establishment of eRESI Capital LLC, led by Gregory Tsang and Tim Wang. Since its inception in 2019, eRESI has been growing its presence in the Non-Agency loan sector, promising enhanced credit products and services to financial institutions. The collaboration aims to optimize growth and efficiency in mortgage funding.

KKR & Co. has appointed Joe Bae and Scott Nuttall as Co-Chief Executive Officers, effective immediately. Co-Founders Henry Kravis and George Roberts will remain Executive Co-Chairmen. This leadership transition is part of a corporate reorganization aimed at enhancing governance and aligning interests with common stockholders. KKR is also undergoing significant structural changes, including combining with KKR Holdings L.P. and eliminating preferred stocks, which are expected to provide shareholders with increased rights and simplify corporate structure.