When, as, and if declared by our board of directors, distributions on the Series A LLC Preferred Shares will be payable quarterly on January 15, April 15, July 15 and October 15 of each year, beginning April 15, 2013, at a rate per annum equal to 7.375%. Distributions on the shares are cumulative from January 17, 2013.
At any time or from time to time on or after January 15, 2018, we may, at our option, redeem the Series A LLC Preferred Shares, in whole or in part, at a price of $25 per Series A LLC Preferred Share plus accumulated and unpaid distributions, if any. See "Description of the Series A LLC Preferred Shares?Optional Redemption." If a Change of Control Event (defined herein) occurs prior to January 15, 2018, we may, at our option, redeem the Series A LLC Preferred Shares, in whole but not in part, at a price of $25.25 per Series A LLC Preferred Share plus accumulated and unpaid distributions. If (i) a Change of Control Event occurs (whether before, on or after January 15, 2018) and (ii) we do not give notice prior to the 31st day following the Change of Control Event to redeem all the outstanding Series A LLC Preferred Shares, the distribution rate per annum on the Series A LLC Preferred Shares will increase by 5.00% to 12.375%, beginning on the 31st day following such Change of Control Event. See "Description of the Series A LLC Preferred Shares?Change of Control Redemption." The shares will rank equally with other series of our parity shares, junior to our senior shares and senior to our junior shares (as such terms are defined herein) with respect to payment of distributions and distribution of our assets upon our liquidation, dissolution or winding up. See "Description of the Series A LLC Preferred Shares?Ranking." The shares will not have any voting rights, except as set forth under "Description of the Series A LLC Preferred Shares?Voting Rights."
Full Prospectus PDF », Secondary Prospectus PDF », KKR Page »
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KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that provides alternative asset management as well as capital markets and insurance solutions. Co. sponsors investment funds that invest in private equity, credit and real assets and has partners that manage hedge funds. Co. operates through two reportable segments: asset management; and insurance. In its asset management business, Co. has five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets, and Principal Activities. Co.'s insurance business is operated by Global Atlantic Financial Group LLC, which is a retirement and life insurance company. Preferreds: KFN.PR, KKR.PRA, KKR.PRB, KKR.PRC Open the KKR Information Page » |
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