KKR Income Opportunities Fund To Acquire Assets Of Insight Select Income Fund; Under The Terms Of The Agreement, Shareholders Of Insi Will Receive Shares Of Kio And May Elect To Receive Up To 5% Of The Consideration In Cash.

Author: Benzinga Newsdesk | October 08, 2024 03:22pm

The Board of Trustees of KKR Income Opportunities Fund ("KIO") (NYSE:KIO) and the Board of Trustees of Insight Select Income Fund ("INSI") (NYSE:INSI) today announced the signing of a definitive agreement under which KIO will acquire the assets of INSI.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008384217/en/

Following the close of the transaction, INSI will no longer have its shares listed on any public market. KIO will remain focused on investing in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments and will continue to trade on the New York Stock Exchange under its current ticker symbol.

Posted In: INSI KIO