secwatch.observer — SEC 8-K summary
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Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001140361-21-036171
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000114036121036171/0001140361-21-036171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000114036121036171/ny20001106x3_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036171

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