KKR & Co. L.P.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm. KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform.
We are not an investment company and therefore we do not calculate net asset values. However, KKR's book value per share is disclosed in our quarterly earnings release.
KKR's common units are listed and traded on the NYSE under ticker symbol KKR. KKR's cusip number is 48248M 102.
KKR listed on the NYSE on July 15, 2010. Prior to that, its business was listed on Euronext Amsterdam since October 1, 2009.
An RDU represents the right to receive one new common unit of KKR & Co. L.P. You may cancel your RDUs in exchange for a direct holding of common unit of KKR & Co. L.P. by contacting The Bank of New York Mellon (“BNYM”):
The Bank of New York Mellon
101 Barclay Street, 22 West
New York, New York 10286
Attention: KKR & Co. (Guernsey) L.P.
KKR does not issue a Form 1099 to its unitholders. Although KKR & Co. L.P. is publicly traded, it is important to note that KKR is a limited partnership, not a corporation. The units you own in KKR represent a limited partnership interest.
As a partner in a partnership, you are taxed on your allocable share of KKR's income, irrespective of whether cash distributions are made to you.
Although commonly (and mistakenly) referred to as "dividends," cash payments made by KKR to its unitholders are considered partnership distributions under the tax laws of most jurisdictions.
Your allocable share of KKR's income, gain, loss, deduction, credits and cash distributions are reported to you annually on IRS Schedule K-1.
K-1s for the most recently completed calendar year are currently available on the Tax Information page of this website.
Yes, regardless of how long the holding period, an investor will receive a K-1 reflecting his/her share of income.
The attached document contains questions and answers that may be useful to you. If your question has not been addressed please contact Investor Relations. Also, may we remind you that we do not provide legal, accounting or tax advice. Investors are encouraged to discuss the tax treatment of holding our units with a professional advisor.
KKR intends to make quarterly cash distributions in amounts that in the aggregate are expected to constitute substantially all of the cash earnings of its investment management business and 40% of the net cash proceeds from realized principal investments, in each case in excess of amounts determined by KKR to be necessary or appropriate to provide for the conduct of its business, to make appropriate investments in its business and its investment funds and to comply with applicable law and any of its debt instruments or other obligations. The declaration and payment of any distributions are subject to the discretion of the board of directors of the general partner of KKR & Co. L.P., which may change the distribution policy at any time, and the terms of its limited partnership agreement. There can be no assurance that distributions will be made as intended or at all or that unitholders will receive sufficient distributions to satisfy payment of their tax liabilities as limited partners of KKR & Co. L.P. A schedule of the distributions paid to unitholders is available for viewing on the Distribution History page of this website.
We expect to make quarterly distributions to our unitholders, however, the actual amount and timing of distributions is at the discretion of the board of directors of our general partner and the terms of its limited partnership agreement, and may not be in even amounts throughout our fiscal year. A schedule of the distributions paid to unitholders is available for viewing on the Distribution History page of this website.
We do not have a dividend re-investment program or a direct stock purchase plan. You may purchase stock directly through your broker.
The transfer agent for KKR is American Stock Transfer & Trust Company.
For analyst information, see the Analyst Coverage page on this website.
You may enroll in our e-mail notification system by visiting the Email Alerts page.