KKR Income Opportunities Fund Announces Annual Meeting of Shareholders

TL;DR

<b>KKR Income Opportunities Fund schedules its Annual Meeting of Shareholders for March 21, 2024, to elect Trustees.</b>

AI Summary

KKR Income Opportunities Fund (KIO) filed a Proxy Statement (DEF 14A) with the SEC on February 12, 2024. The KKR Income Opportunities Fund will hold its Annual Meeting of Shareholders on March 21, 2024. The meeting will take place at the offices of Dechert LLP in New York City. Shareholders will vote on the election of two Trustees to the Board of Trustees. One Class I Trustee will be elected for a three-year term expiring in 2027. One Class III Trustee will be elected for a two-year term expiring in 2026.

Why It Matters

For investors and stakeholders tracking KKR Income Opportunities Fund, this filing contains several important signals. Shareholders have the opportunity to influence the governance of the fund by electing Trustees. The election of Trustees is a critical governance function that impacts the fund's strategic direction and oversight.

Risk Assessment

Risk Level: low — KKR Income Opportunities Fund shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial information or strategic changes, indicating low immediate risk.

Analyst Insight

Review the proxy materials to understand the candidates for Trustee and vote accordingly.

Key Numbers

• March 21, 2024 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 10 a.m. (Eastern Time) — Meeting Time (Time of the Annual Meeting)
• 2027 — Class I Trustee Term End (Expiration year for the elected Class I Trustee)
• 2026 — Class III Trustee Term End (Expiration year for the elected Class III Trustee)

Key Players & Entities

• KKR Income Opportunities Fund (company) — Registrant and filer of the proxy statement
• Dechert LLP (company) — Location of the Annual Meeting
• March 21, 2024 (date) — Date of the Annual Meeting
• 2027 (date) — Expiration year for Class I Trustee term
• 2026 (date) — Expiration year for Class III Trustee term

Forward-Looking Statements

• KKR Income Opportunities Fund will hold its annual shareholder meeting on or around March 21, 2024. (KKR Income Opportunities Fund) — high confidence, target: 2024-03-21

FAQ

Risk Factors

• Regulatory Compliance [medium — regulatory]: The Fund must comply with various SEC regulations and reporting requirements, including those related to proxy solicitations and shareholder meetings.
• Meeting Logistics [low — operational]: The successful execution of the Annual Meeting depends on proper notice, quorum, and the availability of meeting facilities.

Industry Context

KKR Income Opportunities Fund is a closed-end management investment company. Such funds typically hold annual meetings to elect trustees and address shareholder matters.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, requiring specific disclosures for shareholder voting.

What Investors Should Do

1. Review the list of nominees for Trustee positions.
2. Understand the voting procedures and deadlines for shareholders.
3. Consider any other business items to be presented at the meeting.

Key Dates

• 2024-03-21: Annual Meeting of Shareholders — Election of Trustees and transaction of other business.
• 2027: Class I Trustee Term Expiration — End of the term for the elected Class I Trustee.
• 2026: Class III Trustee Term Expiration — End of the term for the elected Class III Trustee.

Year-Over-Year Comparison

This filing is a DEF 14A for the annual meeting, a routine disclosure, and does not represent a change from previous filings of this nature.

Key Financial Figures

• $26,000 — e Fund is estimated to be approximately $26,000, plus reasonable out-of-pocket expenses
• $0.001 — interest (Preferred Shares), par value $0.001 (the Shares). As of the Record Date,
• $20 billion — d and managed Goldman Sachs Bank USA, a $20 billion Goldman Sachs bank subsidiary of which
• $30,000 — ation directed to the Plan consisted of $30,000, $45,000, $60,000 and $60,000, allocate
• $45,000 — ected to the Plan consisted of $30,000, $45,000, $60,000 and $60,000, allocated on beha
• $60,000 — the Plan consisted of $30,000, $45,000, $60,000 and $60,000, allocated on behalf of Mes
• $103,110 — compensation received was approximately $103,110. The Funds Board met four times durin

Filing Documents

• d771630ddef14a.htm (DEF 14A) — 217KB
• g771630dsp28a.jpg (GRAPHIC) — 6KB
• g771630dsp28bb.jpg (GRAPHIC) — 10KB
• g771630dsp28d.jpg (GRAPHIC) — 2KB
• g771630dsp28e.jpg (GRAPHIC) — 2KB
• g771630dsp28ff.jpg (GRAPHIC) — 2KB
• g771630g57o05.jpg (GRAPHIC) — 21KB
• 0001193125-24-032163.txt (&nbsp;) — 276KB

From the Filing

DEF 14A 1 d771630ddef14a.htm DEF 14A DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 KKR Income Opportunities Fund (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11 (a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: KKR INCOME OPPORTUNITIES FUND (the Fund) 555 California Street 50th Floor San Francisco, CA 94104 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS February 12, 2024 To the Shareholders of the Fund: Notice is hereby given that an Annual Meeting of Shareholders (the Meeting) of the Fund will be held at the offices of Dechert LLP, 1095 Avenue of the Americas, 28 th Floor, New York, New York 10036, on March 21, 2024 at 10 a.m. (Eastern Time), for the following purposes: 1) to elect one (1) Class I Trustee to the Board of Trustees of the Fund to serve a three (3) year term expiring in 2027 and until his successor is duly elected and qualifies; 2) to elect one (1) Class III Trustee to the Board of Trustees of the Fund to serve a two (2) year term expiring in 2026 and until his successor is duly elected and qualifies; and 3) to transact such other business as may properly come before the Meeting or any postponements or adjournments thereof. Participating in the Meeting are holders of common shares of beneficial interest (Common Shares), and the holders of mandatory redeemable preferred shares of beneficial interest (Preferred Shares). The proposal to elect the Trustees is discussed in greater detail in the attached Proxy Statement. The close of business on February 9, 2024 has been fixed as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting and any postponements or adjournments thereof. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, WE ASK THAT YOU PLEASE COMPLETE AND SIGN THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY IN THE ENCLOSED ENVELOPE, WHICH NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES. By Order of the Board of Trustees of: KKR Income Opportunities Fund /s/ Lori Hoffman Lori Hoffman Secretary and Vice President KKR INCOME OPPORTUNITIES FUND (the Fund) 555 California Street 50th Floor San Francisco, CA 94104 ANNUAL MEETING OF SHAREHOLDERS To Be Held March 21, 2024 PROXY INTRODUCTION This Proxy at 10 a.m. (Eastern Time), at the offices of Dechert LLP, 1095 Avenue of the Americas, 28 th Floor, New York, New York 10036, and at any postponements or adjournments thereof. Shareholders of the Fund will meet and vote at the Meeting as to the proposal described herein. The Notice of the Meeting and the Proxy Statement with the accompanying proxy card will be mailed to shareholders on or about February 21, 2024. Important Notice Regarding the Availability of Proxy Materials for the Meeting To Be Held on March 21, 2024 This Proxy Statement is available online free of charge at www.proxyvote.com. Other Methods of Proxy Solicitation In addition to the solicitation of proxies by Internet or mail, regular employees of KKR Credit Advisors (US) LLC (the Adviser) and officers and employees of U.S. Bancorp Fund Services LLC (US Bancorp), the Funds transfer agent and administrator, may also solicit proxies by telephone, Internet or in person and will not receive any compensation therefor from the Fund. The Fund has also engaged Broadridge Fin

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View this DEF 14A filing on SEC EDGAR