What is the main purpose of this 8-K filing?

The main purpose of this filing is to formally announce and detail the completion of KKR & Co. Inc.'s conversion from a limited partnership to a corporate structure. It outlines the exchange of partnership units for corporate stock and the commencement of trading for the new stock on the NYSE.

How does this conversion affect my existing KKR investment?

For most investors, this conversion is primarily a change in the legal structure of the company. Your ownership interest has been converted from partnership units to shares of KKR & Co. Inc. stock. The trading of these securities continues on the NYSE under familiar ticker symbols, and your rights as a security holder are intended to remain substantially the same as they were as a unitholder.

Will the ticker symbols for KKR change?

No, the ticker symbols have not changed. The Class A Common Stock of KKR & Co. Inc. continues to trade under the ticker 'KKR', the Series A Preferred Stock under 'KKR PRA', and the Series B Preferred Stock under 'KKR PRB', the same symbols previously used for the corresponding partnership units.

Does this conversion impact KKR's business operations or strategy?

Based on this filing, the conversion appears to be a structural and legal change. The company's management and directors remain the same, and the rights of security holders are substantially preserved. This suggests that the underlying business operations and strategic direction of KKR are not directly impacted by this change in legal entity structure.

KKR 8-K: Leadership Changes, Securities & Listing & More

Summary

This 8-K filing by KKR & Co. Inc. (KKR) on July 2, 2018, details the official transition from a limited partnership structure (KKR & Co. L.P.) to a corporate structure (KKR & Co. Inc.). The conversion, effective as of the open of business on July 2, 2018, involved the exchange of partnership units for corresponding shares of common and preferred stock in the new corporate entity. Importantly, KKR's common stock, Series A preferred stock, and Series B preferred stock began trading on the New York Stock Exchange (NYSE) under their existing ticker symbols ('KKR', 'KKR PRA', 'KKR PRB') on this date, replacing the previously traded partnership units. The NYSE is expected to file a Form 25 to officially delist the partnership units. This structural change is largely administrative, with the rights of security holders in the corporation mirroring those of the unitholders in the previous partnership. The company's management and board remain the same post-conversion. For investors, this signifies a change in legal structure rather than an operational shift, with continuity in trading and shareholder rights maintained.

Key Highlights

1KKR & Co. Inc. completed its conversion from a limited partnership to a corporate structure effective July 2, 2018.
2Partnership units (common, Series A preferred, Series B preferred) ceased trading on the NYSE and were replaced by corresponding shares of KKR & Co. Inc. stock.
3Trading of KKR & Co. Inc. Class A Common Stock, Series A Preferred Stock, and Series B Preferred Stock commenced on the NYSE under the existing ticker symbols 'KKR', 'KKR PRA', and 'KKR PRB', respectively.
4The NYSE will file a Form 25 to officially discontinue trading of the former partnership units.
5The conversion is largely a legal and structural change, with substantially the same rights and obligations for security holders.
6The directors and executive officers of the corporation are the same individuals who held those roles in the general partner of the former limited partnership.
7KKR & Co. Inc. is recognized as the successor registrant to the Partnership under SEC rules.

KKR & Co. Inc. 8-K Report, Listing Notice (Jul 2, 2018)

Summary

Key Highlights

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