KKR Income Opportunities Fund To Acquire Assets Of Insight Select Income Fund; Under The Terms Of The Agreement, Shareholders Of Insi Will Receive Shares Of Kio And May Elect To Receive Up To 5% Of The Consideration In Cash.
Portfolio Pulse from Benzinga Newsdesk
KKR Income Opportunities Fund (KIO) will acquire the assets of Insight Select Income Fund (INSI). INSI shareholders will receive KIO shares and may opt for up to 5% in cash. Post-transaction, INSI will be delisted, while KIO continues trading on NYSE.
October 08, 2024 | 8:22 pm
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NEUTRAL IMPACT
Insight Select Income Fund (INSI) will be acquired by KIO, leading to its delisting. INSI shareholders will receive KIO shares and may opt for cash.
INSI's acquisition by KIO and subsequent delisting means its shareholders will transition to holding KIO shares. The immediate impact on INSI's stock is neutral as it will be delisted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
KKR Income Opportunities Fund (KIO) is acquiring the assets of Insight Select Income Fund (INSI). This acquisition may enhance KIO's asset base and market position.
The acquisition of INSI's assets by KIO is likely to strengthen KIO's portfolio and market presence, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100