The Manager and Responsible Entity provided guidance on an increase in the targeted distribution for the KKR Credit Income Fund for the Financial Year ending 30 June 2023. The targeted distribution is 13.125 cents (an increase from 12.0 cents) for the ensuing 12-month period. At the current NTA estimate of $2.2552, this represents a yield of 5.82%.

The Manager expects KKC to benefit from increased yields and credit spreads in global credit markets, reflected in the higher income target for FY2023. The current yield to maturity (YTM) on the underlying assets in the KKC portfolio as at 31 May 2022 is 10.5% p.a. The Manager is confident that KKC is well positioned to benefit from market volatility, and the underlying investment strategy has historically outperformed following credit market dislocations. Final Distribution for FY2022: The Manager and Responsible Entity are pleased to announce the final distribution for the current financial year will represent 1.5 cents per unit (an increase from 1 cent per unit).

The June 2022 distribution will be paid in July 2022.