KKR Financial Corp. Provides Tax Information for 2006 Dividend Payments
January 11 2007 - 7:55PM
PR Newswire (US)
SAN FRANCISCO, Jan. 11 /PRNewswire-FirstCall/ -- KKR Financial
Corp. (NYSE:KFN) announced today that the company has posted to the
Investor Relations section of its website, http://www.kkrkfn.com/,
a schedule of the quarterly record dates, payment dates and tax
information for the dividends that the company declared and paid in
2006. Tax Information For tax reporting purposes, dividends
declared and paid in 2006 on the company's common stock total $1.86
per share. No portion of the dividends is considered a return of
capital or long term capital gain. All dividends are fully (100%)
taxable at ordinary rates to shareholders and no portion of the
dividends are eligible for the 15% dividend tax rate or the
corporate dividends received deduction. Shareholders should check
their 2006 tax statements received from the transfer agent or from
brokerage firms in order to ensure that the dividend tax
information for the company reported on such statements conforms to
the information reported herein. Excess Inclusion Income For
shareholders that are tax-exempt, or non-U.S. corporations or
residents, or U.S. taxpayers, you may be required to report 4.44%
of the company's dividends to the IRS as excess inclusion income.
-- Tax-exempt shareholders will be required to report excess
inclusion income as unrelated business taxable income (commonly
referred to as UBTI); -- Non-U.S. shareholders will be subject to
the 30 percent U.S. federal withholding tax on excess inclusion
income without reduction under any otherwise applicable income tax
treaty; and -- U.S. shareholders, including taxpaying entities,
must report taxable income that in no event is less than their
excess inclusion income. Tax Disclaimer The tax and excess
inclusion income information above should not be construed as tax
advice and is not a substitute for careful tax planning and
analysis. You should consult your own tax advisor regarding the
specific federal, state, local, foreign and other tax consequences
to you regarding your ownership of shares of the company's common
stock. About KKR Financial Corp. 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 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.kkrkfn.com/. Investors: Laurie L. Poggi KKR
Financial LLC 415-315-3718 Media: Roanne Kulakoff/Joseph Kuo Kekst
and Company 212-521-4837/4863 DATASOURCE: KKR Financial Corp.
CONTACT: Investors, Laurie L. Poggi of KKR Financial LLC,
+1-415-315-3718, or media, Roanne Kulakoff/Joseph Kuo, both of
Kekst and Company, +1-212-521-4837/4863 Web site:
http://www.kkrfinancial.com/
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