KKR Financial Corp. Appoints New Member to Board of Directors
January 17 2007 - 4:00PM
PR Newswire (US)
SAN FRANCISCO, Jan. 17 /PRNewswire-FirstCall/ -- KKR Financial
Corp. (NYSE:KFN) announced today that Willy Strothotte was elected
to serve on the company's Board of Directors. Mr. Strothotte has
served as the Chairman of Glencore International AG since 1994 and
has held various positions including Chief Executive Officer since
joining the company in 1978. Mr. Strothotte has been Chairman of
Xstrata AG since 1994, and Chairman of Xstrata plc since February
2002, and is currently a director of Century Aluminium Corporation
and Minara Resources Limited. 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/. 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. 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 Web site: http://www.kkrfinancial.com/
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