KKR Financial Holdings LLC Announces Completion of Restructuring and Declares Quarterly Distribution
May 04 2007 - 9:05AM
PR Newswire (US)
SAN FRANCISCO, May 4 /PRNewswire-FirstCall/ -- KKR Financial
Holdings LLC announced today the completion of the restructuring
transaction whereby KKR Financial Corp., a publicly traded Maryland
corporation, has become a wholly- owned subsidiary of KKR Financial
Holdings LLC, a recently formed Delaware limited liability company.
All outstanding shares of KKR Financial Corp. common stock were
converted into shares representing limited liability company
interests, or shares, in KKR Financial Holdings LLC. KKR Financial
Holdings LLC shares are listed and trade on the New York Stock
Exchange under the ticker symbol "KFN". KKR Financial Holdings LLC
also announced today that its Board of Directors has declared a
cash distribution for the quarter ended March 31, 2007 of $0.56 per
share. The cash distribution will be payable on May 31, 2007 to
holders of shares of record as of the close of business on May 17,
2007. KKR Financial Holdings LLC is a specialty finance company
that invests in multiple asset classes. KKR Financial Holdings LLC
is externally managed by KKR Financial Advisors LLC. KKR Financial
Holdings LLC and KKR Financial Advisors LLC are affiliates of
Kohlberg Kravis Roberts & Co. L.P. Additional information on
KKR Financial Holdings LLC is available on the company's website at
http://www.kkrkfn.com/. CONTACT: Investors Media Laurie L. Poggi
Roanne Kulakoff/Joseph Kuo KKR Financial Kekst and Company (415)
315-3718 (212) 521-4837/4863 DATASOURCE: KKR Financial Holdings LLC
CONTACT: investors, Laurie L. Poggi of KKR Financial,
+1-415-315-3718; or media, Roanne Kulakoff/Joseph Kuo, both of
Kekst and Company, +1-212-521- 4837/4863, for KKR Web site:
http://www.kkrfn.com/
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