Summary
KKR & Co. Inc. (KKR) has filed an 8-K report on June 17, 2019, to provide an update on its expected financial performance for the quarter ending June 30, 2019. This disclosure, made in connection with a potential debt financing transaction, aims to inform investors about anticipated realized carried interest and total realized investment income. The company estimates that gross realized carried interest and total realized investment income will range between $250 million and $325 million for the second quarter of 2019. This projection is based on completed and anticipated strategic and secondary sale transactions. It is important for investors to note that this estimate specifically excludes other sources of income such as fee income, losses, or expenses, and is not representative of total segment revenues for the quarter or indicative of future periods.
Key Highlights
- 1KKR is providing an earnings pre-announcement for Q2 2019, primarily for debt financing purposes.
- 2The company expects gross realized carried interest and total realized investment income between $250 million and $325 million for the quarter ending June 30, 2019.
- 3This estimate is driven by completed and anticipated strategic and secondary sale transactions.
- 4The disclosed figures do not represent total segment revenues for the quarter.
- 5Fee income, losses, and expenses are excluded from this specific estimate.
- 6This guidance is not necessarily indicative of results for the full year 2019 or any other future period.
- 7The information is provided under Regulation FD and is not considered 'filed' for Section 18 purposes.