KKR & Co. Inc. Announces Conversion Rate for Mandatory Convertible Preferred Stock
September 14 2023 - 6:50AM
Business Wire
KKR & Co. Inc. (NYSE: KKR) announced today that its
outstanding 6.00% Series C Mandatory Convertible Preferred Stock
(the “Preferred Stock”), will automatically convert into shares of
the Company’s common stock on September 15, 2023 (the “conversion
date”). The conversion rate for each share of Preferred Stock will
be 1.1700 shares of the Company’s common stock. Cash will be paid
in lieu of fractional shares of common stock.
As previously announced, holders of record at the close of
business on September 1, 2023 will separately receive a final
quarterly cash dividend of $0.75 per share on the Preferred Stock,
payable on the conversion date.
About KKR KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR’s insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References to
KKR’s investments may include the activities of its sponsored funds
and insurance subsidiaries. For additional information about KKR
& Co. Inc. (NYSE: KKR), please visit KKR’s website at
www.kkr.com. For additional information about Global Atlantic
Financial Group, please visit Global Atlantic Financial Group’s
website at www.globalatlantic.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230914471113/en/
Investor Relations: Craig Larson 1-877-610-4910 (U.S.) /
212-230-9410 investor-relations@kkr.com
Media: Kristi Huller, Miles Radcliffe-Trenner or Julia
Kosygina 1-212-750-8300 media@kkr.com
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