2025-07107NoticeWallet

KKR Trust Mixes Up Fees: More Choices for Boring Investments

Published Date: 4/25/2025

Notice

Summary

KKR FS Income Trust and its partners want permission to offer different types of shares with varying fees and sales charges to investors. This change affects certain investment companies regulated as business development companies and could impact how much investors pay in fees. If no one objects by May 16, 2025, the SEC will approve this new setup, making it easier for investors to choose shares that fit their needs.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

BDCs May Offer Multiple Share Classes

KKR FS Income Trust and related business development companies have applied to let certain closed-end funds issue multiple classes of shares that can charge different sales loads and asset-based distribution and/or service fees. The application was filed on April 2, 2025 and amended on April 16, 2025; unless a hearing is requested by 5:30 p.m. on May 16, 2025, the SEC will issue the requested order.

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Key Dates

Published Date
4/25/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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