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KKR Successfully Launches First Listed Closed-End Fund

Lead managers of the underwriting syndicate were Morgan Stanley, Citigroup and UBS Investment Bank. KKR’s strategic advisor and distribution manager was Four Wood Capital Partners LLC (FWCP), an independent investment management and advisory services firm. Advisors Asset Management Inc., an investment solutions partner for advisors and Broker/Dealers offering a vast array of financial tools, leading technologies and industry expertise, also acted as a sub-contracted distribution partner to FWCP.

The Fund is a newly organized, non-diversified, closed-end management investment company with no operating history. Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing.

The investment return, price, yields, market value and net asset value (NAV) of a fund's shares will fluctuate with market conditions. Closed-end funds frequently trade at a discount to their NAV, which may increase an investor’s risk of loss. At the time of sale, your shares may have a market price that is above or below NAV, and may be worth more or less than your original investment. There is no assurance that the Fund will meet its investment objective.

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle. Investors should carefully review and consider the Fund’s investment objective, risk, charges and expenses before investing.

The prospectus, which contains this and other information about the Fund, should be read carefully before investing. A copy of the prospectus can be obtained from KKR by visiting www.kkrfunds.com/kio, by contacting your financial advisor or by calling (855) 859-3943.

Investment return and principal value will fluctuate, and it is possible to lose money by investing in the Fund. Past performance is not a guarantee of future results. Please see the Fund’s prospectus for more risk information.

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