KKR Income Opportunities Fund (N:KIO)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 555 CALIFORNIA STREET, 50TH FLOOR SAN FRANCISCO CA 94104 |
| Tel: | N/A |
| Website: | https://www.kkrfunds.com |
| IR: | See website |
| Key People | ||
| Rudy Pimentel Chairman of the Board, President, Trustee | Thomas Murphy Chief Financial Officer, Chief Accounting Officer, Treasurer | Michael Nguyen Chief Compliance Officer | Lori Hoffman Vice President, Company Secretary |
| Business Overview |
| KKR Income Opportunities Fund (Fund) is diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by employing a dynamic strategy of investing in a targeted portfolio of loans and fixed-income instruments of U.S. and foreign issuers and implementing hedging strategies in order to achieve attractive risk adjusted returns. The Fund will invest at least 80% of its managed assets in loans and fixed-income instruments or other instruments, including derivative instruments, with similar economic characteristics. The Fund seeks to invest primarily in first and second lien secured loans, unsecured loans, and high-yield corporate debt instruments of varying maturities. KKR Credit Advisors (US) LLC serves as the investment adviser of the Fund. |
| Financial Overview |
| For the fiscal year ended 31 October 2023, KKR Income Opportunities Fund revenues increased 39% to $53.1M. Net income totaled $53.8M vs. loss of $62M. Revenues reflect Interest income increase of 35% to $49.2M, Other income increase from $243K to $1.3M, Payment-in-kindinterest income increase of 63% to $2.6M. Net Income reflects Investments increase from $85.2M (expense) to $33.1M (income). |
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