KFN Kkr Financial Holdings Llc

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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