KKR & Co. L.P.

Frequently Asked Questions

 

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, series A preferred units and series B preferred units are listed and traded on the NYSE under the ticker symbols KKR, KKR PRA and KKR PRB, respectively. The cusip numbers for KKR's common units, series A preferred units and series B preferred units are 48248M 102, 48248M 201 and 48248M 300, respectively.  Please note certain websites and data providers may use different conventions for the presentation of ticker symbols, in particular for ticker symbols of preferred securities.  As a result, you may see different ticker symbols presented for our securities other than the ones provided here.

 

 

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.
Telephone: +1.212.815.3982

December 31.

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 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. Holders of our common or preferred units will receive a K-1 reflecting his/her share of income, regardless of how long the holding period.

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.

We expect to make quarterly distributions to the unitholders of our common units and our preferred units, 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.

When, as, and if declared by the board of directors of our general partner, distributions on the series A preferred units will be payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning June 15, 2016, at a rate per annum equal to 6.75%.  When, as, and if declared by the board of directors of our general partner, distributions on the series B preferred units will be payable quarterly on March 15, June 15, September 15 and December 15 of each year, beginning September 15, 2016, at a rate per annum equal to 6.50%. Distributions on the series A and series B preferred units are non-cumulative. If the board of directors of our general partner does not declare a distribution before the scheduled record date for any distribution period for any series of our preferred units, we will not make a distribution in that distribution period, whether or not distributions on any series of preferred units are declared or paid for any future distribution period.

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's common units and series A and series B preferred units is American Stock Transfer & Trust Company.

For analyst information, see the Analyst Coverage page on this website.

Documents filed with the Securities and Exchange Commission are available on the SEC Filings page of this website. Printed 10-K and Annual Reports may be requested by visiting the Annual Reports page.

You may enroll in our e-mail notification system by visiting the Email Alerts page.

Please contact Investor Relations.