KKR Income Opportunities Fund
11/22/2024 | Press release | Distributed by Public on 11/22/2024 12:56
Fidelity Bond Filing Form 40 17G
40-17G
KKR Credit Advisors (US) LLC
555 California Street, 50th Floor
San Francisco, CA 94104
November 22, 2024
VIA EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-1004
Re: KKR Income Opportunities Fund, File No. 811-22543
Ladies and Gentlemen:
Enclosed for filing on behalf of KKR Income Opportunities Fund (the "Fund"), pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended (the "1940 Act"), is (1) a copy of the Fund's fidelity bond; (2) a copy of the resolution of a majority of the board of trustees who are not "interested persons" of the Fund (as defined in the 1940 Act) approving the form and amount of the bond; and (3) all riders to the bond, which form part of the bond. The premiums have been paid for the period of November 1, 2024, to November 1, 2025.
Please direct any questions concerning this filing to the undersigned at (415) 315-1426.
| Sincerely, |
|
/s/ Jeffrey M. Smith |
| Jeffrey M. Smith, Authorized Signatory |
October 23, 2024
Joseph McGoldrick
AON RISK INS SERVICES WEST INC
707 WILSHIRE BLVD STE 2600
LOS ANGELES, CA 90017-3533
| Re: |
KKR Income Opportunities Fund |
|
Mutual Fund Bond |
|
Insurance Contract 596507737 |
|
Expiration Date 11/01/2025 |
|
CNA Customer Number 485331 |
Dear Joseph:
We are pleased to enclose our Binder for KKR Income Opportunities Fund. Please review the terms and conditions set forth in this binder carefully to ensure that it fulfills the agreed-upon specifications. Should you detect any problem, please contact me within five (5) business days of the receipt of this binder to advise us of any concerns or questions.
If commissions or other compensation are payable hereunder, Insurance Producer will comply with all applicable federal and state laws, rules, regulations and/or orders governing disclosure by an agent, broker or producer to an insured or prospective insured of commissions or other compensation.
Please note that CNA offers a broad array of industry leading products. To learn more about these products, please visit our website at www.cnapro.com.
We appreciate the opportunity to do business with KKR Income Opportunities Fund and with you. If you should have any comments, questions, or concerns, please do not hesitate to contact me.
Sincerely,
Gretta Di Silvestro (Sutton)
Underwriting Specialist
Phone: (262) 825-8002
Binder Cover Letter Ed 9-05
POLICY HOLDER NOTICE - CALIFORNIA
IMPORTANT NOTICE ABOUT THE POLICY OF INSURANCE FOR WHICH YOU HAVE APPLIED OR THE CLAIM YOU HAVE SUBMITTED.
READ THE FOLLOWING INFORMATION CAREFULLY.
Any person who knowingly presents false or fraudulent information to obtain or amend insurance coverage or to make a claim for the payment of a loss is guilty of a crime and may be subject to fines and confinement in state prison.
| CNA102958CA (12-21) | Page 1 of 1 | ||
| © Copyright CNA All Rights Reserved. |
Policy Transaction Invoice
| Producer: | Customer: | |
| Joseph McGoldrick | KKR Income Opportunities Fund | |
| AON RISK INS SERVICES WEST INC | 555 California Street | |
| 707 WILSHIRE BLVD STE 2600 | 50th Floor | |
| LOS ANGELES, CA 90017-3533 | San Francisco, CA 94104 | |
| (213)630-1377 | ||
| Branch Code: 912 | Customer Number: 485331 | |
| Producer Number: 735649 |
Continental Insurance Company hereby submits the following Statement for Policy # 596507737 for KKR Income Opportunities Fund Policy Period: From 11/01/2024 to 11/01/2025.
| Policy Effective Date |
Gross Premium |
Commission 15.0%(MFB) |
Counter- Signature Fee |
Total Taxes |
Total Surcharges |
Amount Due | ||||||||||||||||||
|
11/1/2024 |
$ | 3,259.00 | $ | 488.85 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 2,770.15 |
| * |
Please return a copy of this invoice with your payment due 30 days after Policy Effective Date to: |
Continental Casualty Company
23453 Network Place
Chicago, IL 60673-1234
Please do not send this payment to any other CNA payment site.
Any questions regarding your account please call
CNA Financial Insurance
Phone: (262) 825-8002
FOR BILLING QUESTIONS CONTACT BILLING & COLLECTIONS: 1-877-574-0540
This amount will also appear on the CNA monthly statement for this producer number.
BINDER
This certifies that, pending issuance of policy number 596507737 in the form described below, Continental Insurance Company is hereby binding the coverage described as follows:
| Insured: | Producer | |
| KKR Income Opportunities Fund | AON RISK INS SERVICES WEST INC | |
| 555 California Street | 707 WILSHIRE BLVD STE 2600 | |
| 50th Floor | LOS ANGELES, CA 90017-3533 | |
| San Francisco, CA 94104 | (213)630-1377 | |
| Attn: | Attn: Joseph McGoldrick |
Policy Period: From 11/01/2024 to 11/01/2025
Binder Period: From 11/01/2024 to 12/01/2024
Quote Number: 6337733301
Product: Mutual Fund Bond Form: G-131697-A
Limit of Liability: $750,000
Deductible: $10,000
Premium: $3,259
Endorsements Attached:
|
G-145184-A |
2003-06-01 | Economic & Trade Sanctions Conditions | ||
|
CNA-68791-XX |
2012-07-01 | Email Notice Endorsement | ||
|
GSL-7132 |
2004-10-01 | Trade and Economic Sanctions Endorsement | ||
|
PRO-4138-A |
1999-10-01 | Increase in Asset Size Endorsement | ||
|
PRO-4144-A |
2000-01-01 | Growth in Size Provisions | ||
|
GSL-8007-XX |
2006-02-01 | Telefacsimile Transfer Fraud | ||
|
CNA-95228-XX |
2019-03-01 | Cryptocurrency Exclusion Rider |
Issuance of a policy is subject to satisfaction of the following conditions:
| - |
All conditions met |
Page 1
Binder
KKR Income Opportunities Fund
Mutual Fund Bond
It is expressly stipulated that, except as otherwise provided herein, the coverage provided by this binder is subject to all of the terms and conditions provided in the policy form noted above as issued by Continental Insurance Company.
This binder may be canceled at any time by the insured by giving written notice of cancellation to Continental Insurance Company. This binder shall terminate automatically at its expiration as noted in the outlined terms.
A short-rate premium charge will be made for this binder unless a policy is issued by Continental Insurance Company subject to the terms outlined above. Continental Insurance Company reserves the right to modify the final terms and conditions upon review of the information received in satisfaction of the aforementioned conditions.
Continental Insurance Company
By:
Gretta Di Silvestro (Sutton)
Underwriting Specialist
(262) 825-8002
Dated: 10/23/2024
Page 2
Annual Approval of Fidelity Bond and Insurance Program
RESOLVED, that the officers of the Funds be, and each hereby is, authorized and directed to take and/or ratify all necessary action for the Funds to purchase Fidelity Bond coverage and director and officer/errors and omissions ("D&O/E&O") liability insurance; and further
RESOLVED, that it is the finding of the Board that the Fidelity Bond, in accordance with the requirements of Rule 17g-l under the 1940 Act, is reasonable in form and amount, after having given due consideration to, among other things, the value of the aggregate assets of the Funds to which any person covered under the Fidelity Bond may have access, the type and terms of the arrangements made for the custody and safekeeping of the Funds' assets and the nature of the securities in the Funds' portfolio; and further
RESOLVED, that the Board, and separately a majority of the Independent Trustees, after having taken all relevant factors into consideration, including but not limited to, the number of the other parties named as insured, the nature of the business activities of such other parties, the amount of the joint insured bond, and the amount of the premium for such bond, the ratable allocation of the premium among all parties named as insureds, and the extent to which the share of the premium allocated to each Fund is less than the premium such Fund would have had to pay if it had provided and maintained a single insured, hereby approve the payment by the Funds of the annual premium payable with respect to the Fidelity Bond; and further
RESOLVED, that the Fidelity Bond be, and hereby is, approved by the Board, and separately a majority of the Independent Trustees, as discussed at this Meeting, with such changes as officers, with the advice of counsel shall deem appropriate; and further
RESOLVED, that the secretary of the Funds shall file, or arrange for the filing of, the Fidelity Bond with the SEC and give, or arrange for the giving of, the notices required under paragraph (g) of Rule 17g-1 under the 1940 Act; and further
RESOLVED, that the Funds' purchase of the D&O/E&O policy to which the Trustees, officers and employees of the Funds are insureds, and which provides coverage to those parties against liabilities and expenses (with certain exceptions) arising out of claims, actions or proceedings asserted or threatened against them in their respective capacities for the Funds, is determined to be in the best interest of the Funds; and further
RESOLVED, that the Board, and separately a majority of the Independent Trustees, hereby approve the payment by the Funds of the annual premium payable with respect to the D&O/E&O policy; and further
RESOLVED, that the D&O/E&O policy be, and hereby is, approved by the Board, and separately a majority of the Independent Trustees, as discussed at this Meeting, with such changes as officers, with the advice of counsel shall deem appropriate; and further
RESOLVED, that the Trustees and the officers of the Funds, be, and each hereby is, authorized to make any and all payments and to do any and all other acts, in the name of the Funds and on their behalf, as they, or any of them, may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions; and further
RESOLVED, that the D&O/E&O policy, with the coverage and premiums as described at this Meeting be, and it hereby is, approved on behalf of the Funds.