SEC Form 4 · accession 0001140361-17-041891
KKR Income Opportunities Fund · KIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne Donohoe
Officer — President · Director
Period of report
Nov 7, 2017
Accepted (ET)
Nov 9, 2017 · 9:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001515940
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 7, 2017 | X | 9,334 | — | A | 37,334 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Transferable Subscription Right (right to buy)F1,F2 | — | Nov 7, 2017 | X | 28,002 | D | Oct 19, 2017 | Nov 17, 2017 | Common Stock | 9,334 | 0 | D |
Explanation of responses
- F1On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege").
- F2The reporting person exercised her basic subscription privilege in full. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).