KKR Income Opportunities Fund Annual Meeting & Advisory Vote

TL;DR

KKR Income Opps Fund DEF 14A out: vote on directors & advisory deal. Mgmt fee 1.10%. DRIP fees $30 buy/$31.95 sell.

AI Summary

KKR Income Opportunities Fund (the "Fund") is filing a DEF 14A, detailing its annual meeting and proposals. Key proposals include the election of directors and approval of an investment advisory agreement. The Fund's management fee is set at 1.10% of average daily Managed Assets, with "Managed Assets" defined as total assets minus certain liabilities. Shareholders participating in the Dividend Reinvestment Plan (DRIP) will incur a $30.00 fee for share purchases and $31.95 plus commissions for sales.

Why It Matters

This filing outlines important decisions shareholders will make regarding the Fund's leadership and management structure, directly impacting investment strategy and fees.

Risk Assessment

Risk Level: medium — DEF 14A filings can contain significant information about corporate governance, executive compensation, and strategic decisions that may impact a company's stock price.

Key Numbers

• 1.10% — Management Fee (Annual fee charged on average daily Managed Assets.)
• $30.00 — DRIP Purchase Fee (Cost for shareholders to purchase shares via the Dividend Reinvestment Plan.)
• $31.95 — DRIP Sale Fee (Cost for shareholders to sell shares held in a dividend reinvestment account.)

Key Players & Entities

• KKR Income Opportunities Fund (company) — Filer of the DEF 14A
• KKR Alternative Income Opportunities Fund (company) — Former company name
• KKR Global Credit Opportunities Fund (company) — Former company name
• 1.10% (dollar_amount) — Contractual advisory fee (Management Fee)
• $30.00 (dollar_amount) — Fee for DRIP share purchases
• $31.95 (dollar_amount) — Fee for DRIP share sales

FAQ

Key Financial Figures

• $466,000 — und's portfolio, would be approximately $466,000 (or 0.09% of the estimated NAV of the C
• $0.011 — Combined Fund as of August 30, 2024) or $0.011 per share of the Combined Fund. To the
• $250,000 — ion. The Acquiring Fund will bear up to $250,000 of such costs and expenses. The Acquiri

Filing Documents

• d846726ddef14a.htm (DEF 14A) — 468KB
• g846726dsp053.jpg (GRAPHIC) — 211KB
• g846726dsp054.jpg (GRAPHIC) — 54KB
• g846726g03v03.jpg (GRAPHIC) — 28KB
• g846726g1126034616499.jpg (GRAPHIC) — 2KB
• 0001193125-24-284310.txt ( ) — 1583KB
• kkr-20241223.xsd (EX-101.SCH) — 4KB
• kkr-20241223_def.xml (EX-101.DEF) — 2KB
• kkr-20241223_lab.xml (EX-101.LAB) — 3KB
• kkr-20241223_pre.xml (EX-101.PRE) — 2KB
• d846726ddef14a_htm.xml (XML) — 75KB

From the Filing

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 555 California Street 50th Floor San Francisco, CA 94104 NOTICE OF SPECIAL MEETING OF SHAREHOLDERS To be held on January 10, 2025 TO THE SHAREHOLDERS: NOTICE IS HEREBY GIVEN that a special meeting (the "Special Meeting") of shareholders of KKR Income Opportunities Fund will be held at the offices of Dechert LLP, 1095 Avenue of the Americas, 28 th Floor, New York, New York 10036, on January 10, 2025, at 10:00 a.m. Eastern Time. The purpose of the Special Meeting is to consider and act upon the following proposal (the "Proposal"), and to consider and act upon such other matters as may properly come before the Special Meeting or any adjournments or postponements thereof. To approve the issuance of additional common shares of beneficial interest (the "New Shares") of KKR Income Opportunities Fund (the "Acquiring Fund") in connection with the transfer at net asset value of all of the assets and certain liabilities of the Insight Select Income Fund (the "Acquired Fund" and together with the Acquiring Fund, the "Funds") to the Acquiring Fund (the "Reorganization"). The Proposal is discussed in greater detail in the enclosed Proxy Statement. You are entitled to notice of, and to vote at, the Special Meeting if you owned shares of the Acquiring Fund at the close of business on December 1, 2024 (the "Record Date"). If you attend the Special Meeting in person, you may vote your shares at that time. Even if you expect to attend the Special Meeting, please complete, date, sign and return the enclosed proxy card in the enclosed postage-paid envelope or authorize your proxy by telephone or through the Internet. This notice and related proxy materials are first being mailed to shareholders on or about December 23, 2024. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE ACQUIRING FUND. WHETHER OR NOT YOU PLAN TO ATTEND THE SPECIAL MEETING, WE ASK THAT YOU PLEASE VOTE BY PROXY OVER THE INTERNET, BY TELEPHONE, OR BY COMPLETING AND SIGNING 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 QUESTIONS & ANSWERS The following is a summary of more complete information appearing in the enclosed Proxy Statement or incorporated by reference into the Proxy Statement. You should carefully read the entire Proxy Statement, including the Agreement and Plan of Reorganization (the "Reorganization Agreement"), a form of which is attached as Appendix A thereto, because it contains details that are not in the Questions and Answers. Q: Why is a shareholder meeting being held? A: You are being asked to approve the issuance of additional common shares of beneficial interest (the "New Shares") of KKR Income Opportunities Fund (the "Acquiring Fund") in connection with the transfer at net asset value of all of the assets and certain liabilities of the Insight Select Income Fund (the "Acquired Fund" and together with the Acquiring Fund, the "Funds") to the Acquiring Fund (the "Reorganization"). The purpose of

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View this DEF 14A filing on SEC EDGAR