KKR Financial Corp. Appoints New Member to Board of Directors
August 02 2006 - 5:05PM
PR Newswire (US)
SAN FRANCISCO, Aug. 2 /PRNewswire-FirstCall/ -- KKR Financial Corp.
(NYSE:KFN) announced today that Tracy L. Collins was elected to
serve on the company's Board of Directors. Ms. Collins has been
appointed to serve on the Audit Committee and the Compensation
Committee of the Board of Directors. During her career in financial
services, Ms. Collins has worked as a Senior Managing Director and
Head of Asset-Backed Securities Research at Bear Stearns & Co.,
Inc. and as a Managing Director and Head of Asset-Backed Securities
Research at Credit Suisse Group (formerly known as Credit Suisse
First Boston). 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)
marketable and non-marketable 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 Laurie Poggi KKR
Financial 415-315-3718 Media Roanne Kulakoff/Joseph Kuo Kekst and
Company 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 Corp.
Web site: http://www.kkrfinancial.com/
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