KFN Kkr Financial Holdings Llc

SAN FRANCISCO, April 13 /PRNewswire-FirstCall/ -- KKR Financial Corp. (NYSE:KFN) today announced that the Securities and Exchange Commission ("SEC") has declared effective its Post-Effective Amendment No. 2 to its Registration Statement on Form S-11 (the "Registration Statement") relating to the resale of 43,509,002 shares of its common stock. The prohibition on the sale of shares of KKR Financial Corp. common stock by selling stockholders named in the prospectus that forms a part of the Registration Statement has been lifted. A copy of the prospectus meeting the requirements of Section 10 of the Securities Act of 1933 is available on the Company's website at http://www.kkrfinancial.com/ or on the SEC's website at http://www.sec.gov/. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor there any sale of these securities in any state in which such offer solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The statements contained in this press release may include forward-looking statement within the meaning of the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. As forward-looking statements, these statements involve risks, uncertainties and other factors that could cause actual factors to differ materially from the expected results. These factors are detailed in the Company's filing with the SEC. The Company assumes no obligation to update or supplement forward-looking statements to reflect subsequent events or circumstances. 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/. 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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