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KKR Switches To Corporation To Win More Investors; Shares Surge

TedTed
in The Bullpen
FYI: (The Linkster holds a position in KKR. Look for KKR to appear in mutual fund portfolios now that it las switched from a MLP to a Corp.)
KKR & Co. will convert to a corporation from a partnership, seeking to capitalize on tax reforms enacted by the Trump administration and win more mutual fund and ETF investors. The shares surged in pre-market trading.

The new structure will take effect July 1, New York-based KKR said in a statement announcing first-quarter earnings Thursday. The firm expects to pay an annualized dividend of 50 cents per common share in the third quarter and immediately increased its share buyback program to $500 million.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-05-03/kkr-switches-to-corporation-to-win-more-investors-fuel-deals

KKR's Portfolio:
http://www.kkr.com/businesses/kkr-portfolio
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