KKR Real Estate Finance Trust sells 5M shares (~$108.8M); KKR & Co. loses control, voting rights terminated

KKR Real Estate Finance Trust Inc.

Underwritten offering of 5.0M common shares (plus 750K option) raised net proceeds of approximately $108.8M.
Proceeds to be used for asset acquisition consistent with investment strategies and general corporate purposes.
As of Nov 1, 2021, KKR & Co. ownership fell below 25%, terminating its special voting rights and converting special preferred to common.
Company ceased to be a controlled company under NYSE rules; one-year transition period for certain governance exemptions applies.

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