KKR Income Opportunities Fund (the “Fund”) (NYSE:KIO) today announced additional cash distributions with the record, ex-dividend and payable dates outlined below. A special distribution of $0.163 per common share ($0.124 relating to net investment income and $0.039 relating to short-term capital gains), will be payable January 31, 2014 to shareholders of record on December 30, 2013. The special distribution schedule is as follows: Ex-Date: December 26, 2013Record Date: December 30, 2013Payable Date: January 31, 2014Amount: $0.163 per share The Fund also today announced additional monthly distributions of $0.125 per common share, payable on the dates below. Based on the Fund’s initial public offering price of $20.00 per share and current share price of $18.05 (as of its close on December 18, 2013), the distributions represent an annualized distribution rate of 7.5% and 8.3%, respectively (calculated by annualizing the distribution amount and dividing it by the IPO share price or current price, as the case may be). The monthly distribution schedule is as follows for the months of February, March and April: Ex-Date: February 6, 2014Record Date: February 10, 2014Payable Date: February 24, 2014Amount: $0.125 per share Ex-Date: March 13, 2014Record Date: March 17, 2014Payable Date: March 31, 2014Amount: $0.125 per share Ex-Date: April 16, 2014Record Date: April 21, 2014Payable Date: April 28, 2014Amount: $0.125 per share Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund. The Fund is a recently organized, non-diversified, closed-end fund. 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. There is no assurance that the Fund will meet its investment objective.