KFN Kkr Financial Holdings Llc

SAN FRANCISCO, Sept. 21 /PRNewswire-FirstCall/ -- KKR Financial Corp. (NYSE:KFN) today provided an update on its upcoming cash dividend announcement for the third quarter of 2005. KKR Financial Corp. stated that the dividend amount, record date, and payment date will be determined at the next regularly scheduled meeting of the Board of Directors, which is scheduled for November 2, 2005. KKR Financial Corp. plans to announce dividend information, as well as the date and time of its next earnings release and call, following the Board of Directors meeting, most likely on a post-market basis. KKR Financial Corp. is a specialty finance company that invests in multiple asset classes and uses leverage to generate competitive leveraged risk.adjusted returns. KKR Financial currently makes investments in the following asset classes: (i) residential mortgage loans and mortgage.backed securities; (ii) corporate loans and debt securities; (iii) commercial real estate loans and debt securities; (iv) asset.backed securities; and (v) equity securities. KKR Financial also makes opportunistic investments in other asset classes from time to time. KKR Financial was organized as a Maryland corporation on July 7, 2004, and commenced operations on August 12, 2004. KKR Financial is structured as a real estate investment trust and KKR Financial Advisors LLC manages KKR Financial Corp. pursuant to a management agreement. KKR Financial Corp. and KKR Financial Advisors LLC are affiliates of Kohlberg Kravis Roberts & Co. L.P. For more information about KKR Financial Corp. or a copy of this press release, visit its website at http://www.kkrfinancial.com/. CONTACT: Investors Media Laurie Poggi Roanne Kulakoff/Joseph Kuo KKR Financial Kekst and Company (415) 315-3718 (212) 521-4837/4863 DATASOURCE: KKR Financial Corp. CONTACT: Investors, Laurie Poggi of KKR Financial, +1-415-315-3718; or Media, Roanne Kulakoff, +1-212-521-4837, or Joseph Kuo, +1-212-521-4863, both of Kekst and Company, for KKR Financial Web site: http://www.kkrfinancial.com/

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