KKR Income Opportunities Fund (the “Fund”) (NYSE:KIO) today announced
that it will hold an investor call on Tuesday, February 11, 2014 at 4:30
pm ET. Co-head of Leveraged Credit, Chris Sheldon will host the call.
The conference call may be accessed by dialing (888) 317-6003, passcode
8192599. A replay of the live broadcast will be available by dialing
(877) 344-7529, passcode 8192599, approximately two hours after the call.
The Fund is a recently organized, non-diversified, closed-end management
investment company with no operating history. Investors should consider
the Fund’s investment objectives, risks, charges and expenses carefully
before investing.
The investment return, price, yields, market value and net asset value
(NAV) of the Fund's shares will fluctuate with market conditions.
Closed-end funds frequently trade at a discount to their NAV, which may
increase an investor’s risk of loss. There is no assurance that the Fund
will meet its investment objectives.
An investment in the Fund is not appropriate for all investors and is
not intended to be a complete investment program. The Fund is designed
as a long-term investment and not as a trading vehicle. Investors should
carefully review and consider the Fund’s investment objectives, risks,
charges and expenses before investing.
Investment return and principal value will fluctuate, and it is possible
to lose money by investing in the Fund. Past performance is not a
guarantee of future results. Please see the Fund’s prospectus for more
risk information.
Forward Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meaning of the federal
securities laws. All statements, other than statements of historical
fact, included herein are "forward-looking statements." The
forward-looking statements are based on the Fund’s and KKR's beliefs,
assumptions and expectations of its future performance, taking into
account all information currently available to it. These beliefs,
assumptions and expectations can change as a result of many possible
events or factors, not all of which are known to the Fund or KKR or are
within their control. The Fund and KKR do not undertake any obligation
to update any forward-looking statements to reflect circumstances or
events that occur after the date on which such statements were made
except as required by law.
This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the
offer or sale is not permitted.
KKR Income Opportunities Fund
KKR Income Opportunities Fund is a recently organized non-diversified,
closed-end management investment company managed by KKR Asset Management
LLC, as subsidiary of Kohlberg Kravis Roberts & Co. The Fund’s primary
investment objective is to seek a high level of current income with a
secondary objective of capital appreciation. The Fund will seek to
achieve its investment objective by investing primarily in first- and
second-lien secured loans, unsecured loans and high yield corporate debt
instruments. It will employ a dynamic strategy of investing in a
targeted portfolio of loans and fixed-income instruments of U.S. and
non-U.S. issuers and implementing hedging strategies in order to seek to
achieve attractive risk-adjusted returns.
About KKR Asset Management
Launched by KKR in 2004, KAM invests on behalf of its managed funds,
clients and accounts across long/short equities and the corporate credit
spectrum, including secured credit, bank loans and high yield securities
and alternative assets such as mezzanine financing, special situations
investing and structured finance. With more than 100 employees,
including approximately 50 investment professionals, KAM's investment
teams are closely aligned with KKR's wealth of private equity investment
and industry resources. KAM has $20.9 billion in assets under management
as of September 30, 2013.
About KKR
Founded in 1976 and led by Henry
Kravis and George
Roberts, KKR is a leading global investment firm with $90.2 billion
in assets under management as of September 30, 2013. With offices around
the world, KKR manages assets through a variety of investment funds and
accounts covering multiple asset classes. KKR seeks to create value by
bringing operational expertise to its portfolio companies and through
active oversight and monitoring of its investments. KKR complements its
investment expertise and strengthens interactions with fund investors
through its client relationships and capital markets platform. KKR & Co.
L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR), and
“KKR,” as used in this release, includes its subsidiaries, their managed
investment funds and accounts, and/or their affiliated investment
vehicles, as appropriate.
Contact the Fund at (855) 859-3943 or visit the Fund’s website at www.kkrfunds.com/kio
for additional information.
An investor should consider the investment objectives, risks, and
charges and expenses of the Fund carefully before investing in the Fund.
The Fund’s prospectus and summary prospectus contain this and other
information about the Fund and may be obtained by contacting
1-855-859-3943 or www.kkrfunds.com.
The prospectus and the summary prospectus should be read carefully
before investing.
The Fund has been organized as a closed-end management investment
company. Shares of closed-end funds are subject to investment
risks, including the possible loss of principal. The value of
investments will fluctuate in response to among many factors affecting
the particular company, as well as broader market and economic
condition. The Fund will invest in loans and other types of fixed-income
instruments and securities. Such investments may be secured, partially
secured or unsecured and may be unrated, and whether or not rated, may
have speculative characteristics. The market price of the Fund’s
investments will change in response to changes in interest rates and
other factors. Generally, when interest rates rise, the values of
fixed-income instruments fall, and vice versa.
Use of leverage creates an opportunity for increased income and
return for Common Shareholders but, at the same time, creates risks,
including the likelihood of greater volatility in the NAV and market
price of, and distributions on, the Common Shares. In particular,
leverage may magnify interest rate risk, which is the risk that the
prices of portfolio securities will fall (or rise) if market interest
rates for those types of securities rise (or fall). As a result,
leverage may cause greater changes in the Fund’s NAV, which will be
borne entirely by the Fund’s Common Shareholders.
Derivative investments have risks, including the imperfect
correlation between the value of such instruments and the underlying
assets of the Fund. The risk of loss from a short sale is unlimited
because the Fund must purchase the shorted security at a higher price to
complete the transaction and there is no upper limit for the security
price. The use of options, swaps, and derivatives by the Fund has the
potential to significantly increase the Fund’s volatility.
Investments in ETFs are subject to a variety of risks, including all
of the risks of a direct investment in the underlying securities that
the ETF holds. ETFs are also subject to certain additional risks,
including, without limitation, the risk that their prices may not
correlate perfectly with changes in the prices of the underlying
securities they are designed to track, and the risk of trading in an ETF
halting due to market conditions or other reasons, based on the policies
of the exchange upon which the ETF trades. ETF shares may trade at a
premium or discount to their NAV because the supply and demand in the
market for ETF shares at any point in time may not be identical to the
supply and demand in the market for the underlying securities.
In addition to the normal risks associated with investing,
international investments may involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles or from social, economic or
political instability in other nations. The Fund’s investments in
securities or other instruments of non-U.S. issuers or borrowers may be
traded in undeveloped, inefficient and less liquid markets and may
experience greater price volatility and changes in value.
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