What changed
KKR Credit Advisors extended its temporary Management Fee reduction to 0.35% from 0.50% of month end net assets through the later of May 3, 2031 or until the Fund's aggregate net assets reach $3 billion, up from the prior $1 billion threshold. The Fund also eliminated the 5% early repurchase fee tied to shares repurchased before the one-year anniversary of purchase, in connection with its conversion from a tender offer fund to an interval fund.
Why it matters
KKR Credit Advisors extended its temporary Management Fee reduction to 0.35% from 0.50% of month end net assets through the later of May 3, 2031 or until the Fund's aggregate net assets reach $3 billi