KKR Credit Income Fund – Initial Public Offering
23 Oct 2019
Gamma Advisory
This information is general in nature and is not to be construed as advice.
OBJECTIVE KKC targets a net return of 6-8% p.a. with a target net cash yield of 4-6% p.a. through the market cycle by investing in a global portfolio of traded and private credit. INVESTMENT HIGHLIGHTS Income through the market cycle Capital preservation focus Alignment of interests with unitholders Portfolio diversification Highly experienced credit team INVESTMENT MANAGER A Leading Global Alternative Investment Firm, KKR has approximately $206 billion in assets under management. KKR employs over 430 investment professionals globally, including approximately 120 investment professionals within the KKR Credit business. KKR Credit manages $69.8 billion of assets. INFORMATION ON THE OFFER PDS Factsheet FAQs BondAdviser Research Report KKC Website KEY OFFER DETAILS Proposed ASX code: KKC Listed Investment Trust: KKR Credit Income Fund (ARSN 634 082 107) (“Trust”) Responsible Entity: The Trust Company (RE Services) Limited (ACN 003 278 831) Investment Manager: KKR Australia Investment Management Pty Limited (the “Manager”) Lead Arrangers: Evans Dixon, Morgan Stanley, Morgans, NAB Joint Lead Managers: Crestone, Ord Minnett, Wilsons Units offered: Fully paid Units Offer size (min/max): $200 million / $750 million Subscription Price: $2.50 Pro forma NAV per Unit: $2.50 based on either the minimum or maximum subscription amount. KEY DATES Lodgement of this PDS with ASIC: 19 September 2019 General Offer and Broker Firm Offer opens: 14 October 2019 Broker Firm Offer closes: 31 October 2019 General Offer closes: 6 November 2019 Settlement Date: 14 November 2019 Expected to commence trading on ASX: 21 November 2019 |