KKR Income Opportunities Fund Enters into Distribution Agreement with KKR Capital Markets LLC
July 01, 2024 at 03:33 pm
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On June 28, 2024, KKR Income Opportunities Fund entered into a distribution agreement with KKR Capital Markets LLC, pursuant to which the Fund may offer and sell up to $75,000,000 of common shares of beneficial interest, par value $0.001 per share (Common Shares), from time to time through the Distributor, in transactions deemed to be at the market" as defined in Rule 415 under the Securities Act of 1933, as amended (the Offering). Under the Investment Company Act of 1940, as amended, the Fund may not sell any Common Shares at a price below the current net asset value of such common shares, exclusive of any distributing commission or discount. Pursuant to the Distribution Agreement, the Distributor may enter into sub-placement agent agreements with one or more selected dealers.
The Distributor has entered into a sub-placement agent agreement, dated June 28, 2024 (the Sub-Placement Agent Agreement), with UBS Securities LLC (the Sub-Placement Agent) relating to the Common Shares to be offered under the Distribution Agreement.
KKR Income Opportunities Fund (Fund) is diversified, closed-end management investment company. The Fundâs 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.
KKR INCOME OPPORTUNITIES FUND 
