KFN Kkr Financial Holdings Llc

SAN FRANCISCO, Feb. 24 /PRNewswire-FirstCall/ -- KKR Financial Corp. (NYSE:KFN) announced today that it plans to release fourth quarter and year-end 2005 financial results following the close of trading on the New York Stock Exchange on Tuesday, February 28, 2006. The company will host a conference call and audio web cast to discuss the results on Wednesday, March 1, 2006 at 11:00 a.m. (EST). The conference call may be accessed by dialing 800-289-0743 (Domestic) or 913-981-5546 (International); a pass code is not required. The replay will be available through Wednesday, March 15, 2006 by dialing 888-203-1112 (Domestic) and 719-457-0820 (International) / pass code 4719129. A live audio web cast of the call will be accessible on the company's website, http://www.kkrfinancial.com/, via a link from the Investor Relations section. A replay of the audio web cast will be archived in the Investor Relations section of the company's website. 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 Corp. 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 Corp. also makes opportunistic investments in other asset classes from time to time. KKR Financial Corp. was organized as a Maryland corporation on July 7, 2004, and commenced operations on August 12, 2004. KKR Financial Corp. 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/. Investors: Laurie Poggi KKR Financial 415-315-3718 Media: Roanne Kulakoff/Joseph Kuo/Molly Morse Kekst and Company 212-521-4837/4863/4826 DATASOURCE: KKR Financial Corp. CONTACT: investors, Laurie Poggi of KKR Financial, +1-415-315-3718, or media, Roanne Kulakoff, or Joseph Kuo, or Molly Morse, all of Kekst and Company, +1-212-521-4837/4863/4826, for KKR Financial Web site: http://www.kkrfinancial.com/

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