SEC Filing Summary: KKR Income Opportunities Fund (KIO)
Business Context and Reporting Period
This Form 8-K Current Report was filed on July 1, 2024, covering events occurring on June 28, 2024. The registrant, KKR Income Opportunities Fund (NYSE: KIO), is a Delaware corporation focused on income generation. The filing primarily addresses the entry into a material definitive agreement to facilitate an equity offering.
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The document focuses exclusively on the authorization of a new capital raising mechanism. The only financial figure disclosed is the maximum aggregate offering amount of $75,000,000 for Common Shares of Beneficial Interest.
Material Changes
The primary material change is the execution of a Distribution Agreement with KKR Capital Markets LLC, a subsidiary of KKR & Co. Inc. This agreement allows the Fund to sell up to $75,000,000 of Common Shares through "at the market" transactions. Additionally, a Sub-Placement Agent Agreement was entered into with UBS Securities LLC to assist in the distribution. The Fund commenced the offering on July 1, 2024.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or a discussion of general business risks. The only specific constraint noted is that, pursuant to the Investment Company Act of 1940, the Fund may not sell Common Shares at a price below the current net asset value, exclusive of distributing commissions or discounts. The offering is conducted under an effective shelf registration statement (File No. 333-276632).
Key Facts for Investor Verification
- The Fund has authorized an "at the market" offering of up to $75,000,000 in Common Shares.
- KKR Capital Markets LLC serves as the Distributor, with UBS Securities LLC as the Sub-Placement Agent.
- Sales are restricted to prices at or above the current net asset value (NAV).
- The offering commenced on July 1, 2024, pursuant to a prospectus supplement dated the same day.
- No financial performance metrics (revenue, earnings, cash flow) are disclosed in this specific filing.