KKR Income Opportunities Fund Declares Monthly Dividend of $0.12 (NYSE:KIO)

KKR Income Opportunities Fund (NYSE:KIO) declared a monthly dividend on Monday, June 8th. Investors of record on Friday, September 11th will be given a dividend of 0.1215 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, September 11th.

KKR Income Opportunities Fund Trading Up 0.2%

NYSE KIO opened at $11.28 on Tuesday. KKR Income Opportunities Fund has a 12 month low of $10.65 and a 12 month high of $12.83. The company’s 50 day simple moving average is $11.16 and its 200 day simple moving average is $11.38.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KIO. Balyasny Asset Management L.P. acquired a new position in shares of KKR Income Opportunities Fund during the fourth quarter valued at approximately $3,512,000. Shaker Financial Services LLC increased its stake in shares of KKR Income Opportunities Fund by 428.1% during the fourth quarter. Shaker Financial Services LLC now owns 308,129 shares of the investment management company’s stock valued at $3,571,000 after acquiring an additional 249,785 shares during the period. Rareview Capital LLC boosted its holdings in KKR Income Opportunities Fund by 196.7% during the fourth quarter. Rareview Capital LLC now owns 149,809 shares of the investment management company’s stock worth $1,882,000 after buying an additional 99,309 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in KKR Income Opportunities Fund during the fourth quarter worth approximately $1,061,000. Finally, Wolverine Asset Management LLC bought a new stake in KKR Income Opportunities Fund during the fourth quarter worth approximately $822,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.