KKR Income Opportunities Fund Announces the Results of Its Rights Offering

Feb 17, 2023

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 (“NAV”) per Common Share at the close of trading on the New York Stock Exchange (“NYSE”) on the Expiration Date which was greater than the formula of 92.5% of the average of the last reported sales price of a Common Share on the NYSE on the Expiration Date and each of the four (4) immediately preceding trading days. The Offer was over-subscribed. The Common Shares subscribed for will be issued promptly after completion and receipt of all shareholder payments and the pro-rata allocation of Common Shares in respect of the over-subscription privilege.

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