KKR Financial Holdings LLC Receives Continued Listing Standards Notice From the New York Stock Exchange
December 30 2008 - 5:11PM
PR Newswire (US)
SAN FRANCISCO, Dec. 30 /PRNewswire-FirstCall/ -- KKR Financial
Holdings LLC (NYSE:KFN) (the "Company") announced that it was
notified today by the New York Stock Exchange "NYSE" that the
Company has fallen below the NYSE's continued listing standard
which requires a minimum average closing price of $1.00 per share
over 30 consecutive trading days. Under the NYSE rules, the
Company's common stock will continue to be listed on the NYSE
during the cure period, subject to the Company's compliance with
other NYSE continued listing requirements. The Company plans to
notify the NYSE that it will seek to cure the listing requirement
deficiency. The Company has a period of six months to bring its
average share price back above $1.00. The Company's business
operations, Securities and Exchange Commission reporting
requirements, financing facilities and other debt obligations are
not affected by the receipt of the NYSE notification. KKR Financial
Holdings LLC is a publicly traded specialty finance company that
invests in multiple asset classes. KKR Financial Holdings LLC is
externally managed by KKR Financial Advisors LLC, a wholly-owned
subsidiary of Kohlberg Kravis Roberts & Co. (Fixed Income) LLC,
which is a wholly-owned subsidiary of Kohlberg Kravis Roberts &
Co. L.P. Additional information regarding KKR Financial Holdings
LLC is available at http://www.kkr.com/. Investors Laurie L. Poggi
KKR Asset Management (415) 315-3718 Media Peter McKillop Kristi
Huller 212-750-830 DATASOURCE: KKR Financial Holdings LLC CONTACT:
Investors, Laurie L. Poggi, KKR Asset Management, +1-415-315-3718,
or Media, Peter McKillop, or Kristi Huller, +1-212-750-8300, , all
of KKR Financial Holdings LLC Web site: http://www.kkrkfn.com/
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