KFN Kkr Financial Holdings Llc

SAN FRANCISCO, April 26 /PRNewswire-FirstCall/ -- KKR Financial Corp. (NYSE:KFN) announced today that its 2007 Annual Meeting of Stockholders scheduled for Thursday, May 3, 2007, at 11:00 a.m., San Francisco time, will be available via conference call (listen-only format) and may be accessed by dialing 800-819-9193 (Domestic) or 913-981-4911 (International). A pass code is not required for the conference call. The replay will be available through Thursday, May 17, 2007 by dialing 888-203-1112 (Domestic) and 719-457-0820 (International) / pass code 3604376. A live audio web cast of the call will be accessible on the company's website, http://www.kkrkfn.com/, via a link from the Investor Relations section. A replay of the audio web cast will be available on the company's website through May 17, 2007. The 2007 Annual Meeting of Stockholders will be held in the A.P. Giannini Auditorium at 555 California Street, San Francisco, CA. Holders of record of common stock at the close of business on March 26, 2007 will be entitled to attend and vote. The board of directors of KKR Financial Corp. has approved a transaction whereby KKR Financial Corp., currently a publicly traded Maryland corporation, would become a subsidiary of a recently formed Delaware limited liability company. For more information regarding the transaction please refer to the Proxy Statement/Prospectus filed on April 2, 2007, a copy of which is available at http://www.kkrkfn.com/investorrelations/financialreports. 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 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 L. 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 L. Poggi, 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.kkrfn.com/

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