KKR Income Opportunities Fund lends through loans and other bonds issued by U.S. and overseas borrowers. Its returns start with borrower payments and depend on credit selection, prices paid and financing costs.
Business
Multi-sector credit CEF
Listing
KIO · XNYS
Reporting period
2026-04-30
Dividend schedule
Monthly
How the business works
Loan and bond interest becomes net investment income after fund costs and borrowing. Defaults, recoveries and market-price changes also shape NAV and any gains available to support a distribution.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.64
Nov 1, 2025 to Apr 30, 2026
$0.00$0.64
Distribution yield13.32%Sourced distributions divided by dated market priceReported annual income yield9.66%Reported net investment income $1.1700 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $12.1100. Excludes capital gains; historical, not a current yield or forecast.Annual dividend$1.46Current regular payment annualized per shareDistribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
KIO issued common shares through a February 2023 rights offering and acquired assets in February 2025. Each market value is paired with NAV for its own fiscal date. Dated points are not connected through the acquisition; raw per-share prices are not rescaled.
Cash distributions and reported returns
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Leverage and financing
The current data service reports effective leverage of 32.99%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
The assets behind the earnings
How KIO makes money
Financial snapshot: 2026-04-30. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.
The assets it owns
$484.793 million net assets334 holdings · As of 4/30/2026
Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.
A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.
Fund net investment income per common share; actual reporting period, not annualized$0.6400
$0.00$0.70
For the six months ended April 30, 2026, KIO reported $0.64 of net investment income per common share and $0.73 of distributions. NAV moved from $12.70 to $12.06. The modest cash gap and lower NAV call for a close look at credit results and payment sources, not a conclusion from income alone.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 32.99%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
KKR Income Opportunities Fund reported $0.6400 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length income and cash figures, then check credit quality, financing costs, realized results and NAV for signs the payment is strengthening or drawing on capital.
Net asset value (NAV)
NAV per share$11.6100Sep 29, 2026Market price$10.3300Sep 29, 2026PREMIUM / DISCOUNT TO NAV11.02% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Regular distribution screen: 13.32% on 2026-09-11.
Reported net investment income per common share: $0.64 for 2025-11-01 through 2026-04-30; not annualized.
What to watch next
Compare the next like-length income and cash figures, then check credit quality, financing costs, realized results and NAV for signs the payment is strengthening or drawing on capital.
Fly High context
Compare the next like-length income and cash figures, then check credit quality, financing costs, realized results and NAV for signs the payment is strengthening or drawing on capital.
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U.S. federal · Tax year 2025
Dividend tax treatment
For KIO's December 31, 2025 payment, the issuer estimated 9.47% return of capital.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
9.47%
This is a close look at the payment dates named above, not a verdict on every distribution paid in 2025. Other payments can have a different mix. Use this estimate to understand those checks, then compare the whole year with your tax statement.
The issuer calls this breakdown an estimate. This covers only the $0.1215 December 31 payment, not all of 2025. The 7.49% figure elsewhere in the notice covers a different fiscal period. Your Form 1099-DIV may show a different final mix. See the issuer's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
Not confirmed
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
2025-12-31
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
