Tender Offer - KKR Asset-Based Income Fund
Form Type: SC TO-I/A
Filing Date: 2025-07-02
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525154642
Filing Summary: This document is the final amendment to the Issuer Tender Offer Statement filed by KKR Asset-Based Income Fund. The Offer is related to the purchase of up to 21,269 outstanding common shares of beneficial interest at a price equal to the net asset value per Share as of June 30, 2025. The Offer expired on June 30, 2025, at 2:00 p.m. Eastern Time. No Shares were validly tendered and not withdrawn prior to the expiration, and consequently, no Shares were accepted for repurchase by the Fund. The Fund's practice allows for quarterly tender offers for up to 5% of the NAV of the Fund's outstanding Shares at the discretion of its Board of Directors. Although the Offer was not oversubscribed, the Fund retains the right to repurchase additional Shares without amending the offer, a right which was not exercised in this instance. This final amendment does not alter any previously reported information in the Statement or the Letter of Transmittal.
Additional details:
Amount Previously Paid: 3326.46
Filing Party: KKR Asset-Based Income Fund
Date Tender Offer First Published: 2025-05-30
Offer Expiration Time: 2025-06-30T14:00:00
Expiration Timezone: Eastern Time
Form Type: SC TO-I
Filing Date: 2025-05-30
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525131071
Filing Summary: KKR Asset-Based Income Fund is initiating a tender offer for its common shares of beneficial interest, proposing to purchase up to 21,269 shares, which represent approximately 5% of the Fund's outstanding shares as of May 23, 2025. The tender offer will expire on June 30, 2025, unless extended. The purchase price will be based on the net asset value as of June 30, 2025. The document outlines the identity of the Fund and filing persons as KKR Asset-Based Income Fund, details the offer terms, and specifies that the offer is not conditioned on financing. Additionally, it mentions that no other contracts or agreements concerning securities have been reported in the past sixty days. The Fund's Board may decide to purchase shares quarterly, but it is not obligated to conduct tender offers. The funds for the buyback may come from existing or new shareholder contributions.
Additional details:
Title Of Class Of Securities: Common Shares of Beneficial Interest
Cusip Number: Not applicable
Number Of Shares Outstanding: 425,389
Offer Amount: 21,269
Percentage Of Funds Shares: 5%
Expiration Date: 2025-06-30
Valuation Date: 2025-06-30
Contact Person Name: Lori Hoffman
Contact Person Title: Vice President and Secretary
Contact Person Address: 555 California St., 50th Floor, San Francisco, California 94104
Contact Person Phone: (415) 315-3620
Form Type: SC TO-I/A
Filing Date: 2025-05-02
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525110562
Filing Summary: On May 2, 2025, KKR Asset-Based Income Fund filed its final amendment to the Tender Offer Statement. This document reports the results of the issuer tender offer for the Fund to purchase up to 21,269 of its outstanding common shares at a price equal to the net asset value per share as of March 28, 2025. The offer expired on April 30, 2025, at 2:00 p.m. Eastern Time. No shares were validly tendered and not withdrawn, and consequently, no shares were accepted for repurchase by the Fund. The Fund had the option to repurchase additional shares, but this right was not exercised in connection with the offer. The filing also reinforces that the information previously reported remains unchanged, adhering to the conditions of the Offer to Purchase dated April 2, 2025.
Additional details:
Amount Previously Paid: $3,375.22
Filing Party: KKR Asset-Based Income Fund
Date Filed: 2025-04-02
Offer Expiration: 2025-04-30
Total Shares Tendered: 0
Regular Tender Offer Limit: 5%
Additional Shares Limit: 2%
Form Type: SC TO-I
Filing Date: 2025-04-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525071347
Filing Summary: KKR Asset-Based Income Fund has filed a Schedule TO-I for a tender offer to purchase up to 21,269 common shares of beneficial interest, representing approximately 5% of the shares outstanding as of March 28, 2025. The purchase price will be determined based on the net asset value on April 30, 2025, or a later date if the offer is extended. The tender offer is designed to provide shareholders with liquidity, as the shares are not traded in any market. The offer is scheduled to expire on April 30, 2025, at 2:00 p.m. Eastern Time, unless extended. The fund will not borrow funds to purchase shares at this time but may consider it depending on market conditions.
Additional details:
Title Of Class: Common Shares of Beneficial Interest
Cusip Number: Not applicable
Offer Amount: 21,269 Shares
Percentage Of Fund Shares Outstanding: 5%
Tender Offer Expiration: 2025-04-30
Net Asset Value Date: 2025-04-30
Form Type: SC TO-I/A
Filing Date: 2025-01-03
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525001343
Filing Summary: KKR Asset-Based Income Fund filed a final amendment to its issuer tender offer statement concerning the purchase of up to 21,269 of its outstanding common shares of beneficial interest. The offer expired at 2:00 p.m. ET on December 31, 2024, with no shares being validly tendered and accepted for repurchase. The tender offer was originally published on December 2, 2024, with terms allowing quarterly tender offers. The Fund did not exercise the right to repurchase additional shares beyond the initial offer limit. The amendment primarily serves to report the results of this tender offer.
Additional details:
Name Of Issuer: KKR Asset-Based Income Fund
Title Of Class Of Securities: Common Shares of Beneficial Ownership
Amount Previously Paid: $3,347.46
Filing Party: KKR Asset-Based Income Fund
Date Tender Offer First Published: 2024-12-02
Offer Expiration Time: 2024-12-31T14:00:00-05:00
Validly Tendered And Not Withdrawn: 0
Repurchased Shares: 0
Comments
No comments yet. Be the first to comment!