KKR Income Opportunities Fund (N:KIO)
Business Focus: Closed End Funds
Mixed as of March 01, 2023
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Latest 10 SEC Form 4 filings for KIO*US within the last 6 months
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Company News
Feb 17, 2023 11:06 ET
KKR Income Opportunities Fund Announces the Results of Its Rights Offering
KKR Income Opportunities Fund (NYSE: KIO) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”). The Offer commenced on January 23, 2023 and expired on February 16, 2023 (the “Expiration Date”). The Offer entitled the rights holders to subscribe for up to an aggregate of 6,780,105 common shares of beneficial interest of the Fund (“Common Shares”). The subscription price for the Common Shares to be issued was $10.75 per Common Share, which was determined based on a formula equal to 82% of the Fund’s net asset value (“
Jan 12, 2023 18:06 ET
KKR Income Opportunities Fund Announces Terms of Rights Offering and Declares Monthly Distributions
The Board of Trustees (the “Board”) of KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) has approved the terms of the issuance of transferable rights to its shareholders of record as specified below. The Fund today also announced an increase in its monthly distributions per common share beginning with the distribution payable on March 31, 2023, after completion of the Rights Offering, as described below.
Valuation Ratios
Industry
Sector
Beta
0.76
--
--
Price to Sales - TTM
5.52
9.62
3.49
Price to Book - most recent quarter
0.91
0.88
1.20
Price to Cash Flow per share - TTM
--
15.97
11.11
Price to Free Cash Flow per share - TTM
152.00
19.91
12.79
Business Summary
| Sector: Financials | Industry: Closed End Funds |
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 Fund's investment adviser.
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