KIO

SEC source: 0000945621-26-001261 · form4.xml · nonDerivative · entry 4

Pimentel Rudy · CIK 0002006251 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,154

SEC source: 0000945621-26-001261 · form4.xml · nonDerivative · entry 3

Pimentel Rudy · CIK 0002006251 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,154

SEC source: 0000945621-26-001261 · form4.xml · nonDerivative · entry 2

Pimentel Rudy · CIK 0002006251 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,154

SEC source: 0000945621-26-001261 · form4.xml · nonDerivative · entry 1

Pimentel Rudy · CIK 0002006251 · Director · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,154

F1 · balance_after: Includes shares of common stock acquired through the Issuer's automated Dividend Reinvestment Plan (DRIP).

SEC source: 0000945621-26-000199 · form4.xml · nonDerivative · entry 5

Takao Justin · CIK 0002094126 · Treasurer, CAO & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46.2594

SEC source: 0000945621-26-000199 · form4.xml · nonDerivative · entry 4

Takao Justin · CIK 0002094126 · Treasurer, CAO & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,040.2594

SEC source: 0000945621-26-000199 · form4.xml · nonDerivative · entry 3

Takao Justin · CIK 0002094126 · Treasurer, CAO & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,456.239

SEC source: 0000945621-26-000199 · form4.xml · nonDerivative · entry 2

Takao Justin · CIK 0002094126 · Treasurer, CAO & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,556.239

SEC source: 0000945621-26-000199 · form4.xml · nonDerivative · entry 1

Takao Justin · CIK 0002094126 · Treasurer, CAO & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,953.239

F1 · balance_after: Balance includes adjustment for an aggregate of 859 shares acquired by the reporting person through dividend reinvestment under the Issuer's Dividend Reinvestment and Stock Purchase Plan

SEC source: 0000899243-23-006898 · doc4.xml · derivative · entry 2

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 917 shares

Expires 2023-02-16

F1 · derivative.exercise_price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F3 · date: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On February 16, 2023, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,833 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on February 21, 2023), plus an additional 917 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · date: as of the closing of the subscription period. On February 28, 2023, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F3 · price: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On February 16, 2023, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,833 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on February 21, 2023), plus an additional 917 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · price: as of the closing of the subscription period. On February 28, 2023, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

F1 · derivative.expiration_date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.expiration_date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-006898 · doc4.xml · nonDerivative · entry 1

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,250

F1 · date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F3 · date: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On February 16, 2023, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,833 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on February 21, 2023), plus an additional 917 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · date: as of the closing of the subscription period. On February 28, 2023, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F3 · price: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On February 16, 2023, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,833 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on February 21, 2023), plus an additional 917 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · price: as of the closing of the subscription period. On February 28, 2023, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

SEC source: 0000899243-23-005747 · doc4.xml · derivative · entry 2

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,833 shares

Expires 2023-02-16

F1 · security: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · security: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.exercise_price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.expiration_date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.expiration_date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-005747 · doc4.xml · nonDerivative · entry 1

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,333

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-005746 · doc4.xml · derivative · entry 2

Sheldon Christopher A · CIK 0001747041 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 4,998 shares

Expires 2023-02-16

F1 · security: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · security: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.exercise_price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.expiration_date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.expiration_date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-005746 · doc4.xml · nonDerivative · entry 1

Sheldon Christopher A · CIK 0001747041 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,992

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-005745 · doc4.xml · derivative · entry 2

Lane Jeremiah S · CIK 0001747042 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 666 shares

Expires 2023-02-16

F1 · security: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · security: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.exercise_price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

F1 · derivative.expiration_date: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.expiration_date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0000899243-23-005745 · doc4.xml · nonDerivative · entry 1

Lane Jeremiah S · CIK 0001747042 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,666

F1 · price: On January 12, 2023, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of January 23, 2023 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 6,780,105 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is $10.75 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase at a price of $10.75 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights expired if they were not exercised by 5:00 p.m. Eastern time on February 16, 2023.

SEC source: 0001567619-20-006943 · doc1.xml · nonDerivative · entry 3

Donohoe Suzanne · CIK 0001582169 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,885

SEC source: 0001567619-20-006943 · doc1.xml · nonDerivative · entry 2

Donohoe Suzanne · CIK 0001582169 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,634

SEC source: 0001567619-20-006943 · doc1.xml · nonDerivative · entry 1

Donohoe Suzanne · CIK 0001582169 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,534

SEC source: 0001567619-21-000827 · doc1.xml · nonDerivative · entry 1

Lane Jeremiah S · CIK 0001747042 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000

SEC source: 0001140361-18-032895 · doc1.xml · nonDerivative · entry 2

Sheldon Christopher A · CIK 0001747041 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,994

SEC source: 0001140361-18-032895 · doc1.xml · nonDerivative · entry 1

Sheldon Christopher A · CIK 0001747041 · Portfolio Manager

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 294

SEC source: 0001140361-17-044628 · doc1.xml · derivative · entry 2

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 833 shares

Expires 2017-11-17

F1 · derivative.exercise_price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share was $14.87 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.87 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The subscription rights expired on November 17, 2017 at 5:00 p.m. Eastern time.

F1 · date: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share was $14.87 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.87 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The subscription rights expired on November 17, 2017 at 5:00 p.m. Eastern time.

F3 · date: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On November 9, 2017, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,167 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on November 13, 2017), plus an additional 833 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · date: as of the closing of the subscription period. On November 27, 2017, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share was $14.87 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.87 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The subscription rights expired on November 17, 2017 at 5:00 p.m. Eastern time.

F3 · price: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On November 9, 2017, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,167 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on November 13, 2017), plus an additional 833 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · price: as of the closing of the subscription period. On November 27, 2017, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

SEC source: 0001140361-17-044628 · doc1.xml · nonDerivative · entry 1

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,500

F1 · date: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share was $14.87 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.87 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The subscription rights expired on November 17, 2017 at 5:00 p.m. Eastern time.

F3 · date: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On November 9, 2017, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,167 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on November 13, 2017), plus an additional 833 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · date: as of the closing of the subscription period. On November 27, 2017, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share was $14.87 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.87 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The subscription rights expired on November 17, 2017 at 5:00 p.m. Eastern time.

F3 · price: Following the conclusion of the Rights Offering, the common shares that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privileges based on the number of common shares of the Fund each of those Rights holders owned on the record date and subject to the amount of shares such holder subscribed for. On November 9, 2017, the reporting person exercised his basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 1,167 common shares of the Fund from the exercise of his basic subscription rights (previously reported in a Form 4 filed on November 13, 2017), plus an additional 833 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, (continued in footnote 4)

F4 · price: as of the closing of the subscription period. On November 27, 2017, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.

SEC source: 0001140361-17-042058 · doc1.xml · derivative · entry 2

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,167 shares

Expires 2017-11-17

F1 · security: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $16.26 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · security: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

F1 · derivative.exercise_price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $16.26 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.exercise_price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $16.26 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

F1 · derivative.expiration_date: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $16.26 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · derivative.expiration_date: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

SEC source: 0001140361-17-042058 · doc1.xml · nonDerivative · entry 1

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,667

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $16.26 per common share, additional common shares of the Fund, (continued in footnote 2)

F2 · price: subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person exercised his basic subscription privilege and oversubscription privilege, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

SEC source: 0001140361-17-041891 · doc1.xml · derivative · entry 2

Donohoe Suzanne · CIK 0001582169 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,334 shares

Expires 2017-11-17

F1 · security: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege").

F2 · security: The reporting person exercised her basic subscription privilege in full. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

F1 · derivative.exercise_price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege").

F2 · derivative.exercise_price: The reporting person exercised her basic subscription privilege in full. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege").

F2 · price: The reporting person exercised her basic subscription privilege in full. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

SEC source: 0001140361-17-041891 · doc1.xml · nonDerivative · entry 1

Donohoe Suzanne · CIK 0001582169 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,334

F1 · price: On October 11, 2017, KKR Income Opportunities Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of October 19, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 5,085,079 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $16.26 (the "basic subscription privilege").

F2 · price: The reporting person exercised her basic subscription privilege in full. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on November 17, 2017 (unless otherwise extended).

SEC source: 0001140361-16-088333 · doc1.xml · nonDerivative · entry 1

CAHILL MICHAEL E · CIK 0001198603 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,500