KKR Credit Income Fund Announces Slight Increase in Net Tangible Asset to $2.3398 Per Unit as of July 22, 2026

Net Tangible Asset Per Unit Trends and Current Valuation

The KKR Credit Income Fund’s most recent NTA per unit estimate stands at $2.3398 as of the close of US trading on 22 July 2026. This valuation reflects the fund’s cumulative performance and prevailing market conditions. The prior NTA estimate, dated 20 July 2026, was $2.3387 per unit, indicating a modest yet steady upward trend over the two-day interval. Although the 0.05% increase is incremental, it underscores the fund’s capacity to generate positive returns for unitholders within the credit investment sector.

Management emphasizes that all reported figures are in Australian dollars unless otherwise noted. These estimates, prepared by KKR Australia Investment Management Pty Limited, are unaudited and approximate. Verification by JP Morgan, the fund’s administrator, is pending. Investors should recognize that while KKR bases its forecasts on reasonable grounds, there are no assurances that these expectations will materialize in any given period.

Fund Structure and Governance

The KKR Credit Income Fund operates as an Australian registered managed investment scheme (ARSN 634 082 107). The Trust Company (RE Services) Limited, holding an Australian Financial Services Licence (AFSL 235150) and ABN 45 003 278 831, acts as the responsible entity and issuer. This governance framework ensures compliance with Australian Securities and Investments Commission (ASIC) regulations and the Corporations Act. Separating the responsible entity from the fund manager safeguards unitholder interests and provides independent oversight.

KKR Australia Investment Management Pty Limited, licensed under AFSL 420 085 with ABN 42 146 164 454, serves as the fund manager. This dual-entity structure is typical in Australian managed funds, combining specialist investment management with independent governance. JP Morgan administers the fund, verifying asset valuations and net asset positions, adding layers of oversight and accountability in managing investor capital.

Investment Strategy and Market Positioning

The KKR Credit Income Fund offers investors exposure to credit market opportunities within Australia. Focused on credit securities, KKC aims to generate income through a portfolio aligned with KKR’s global credit investment expertise. The fund’s NTA movements reflect ongoing execution of this strategy across market cycles.

Positioned within the credit market segment, the fund provides unitholders access to an asset class known for attractive risk-adjusted returns, especially during periods of economic stability. The slight positive NTA per unit change indicates continued value creation from credit holdings. Nonetheless, investors should be aware of risks such as credit spread widening, defaults, and interest rate volatility. The fund manager actively monitors and adjusts portfolio positioning to navigate evolving credit conditions.

Regulatory Compliance and Disclosure

Operating under a robust regulatory and disclosure framework, the KKR Credit Income Fund complies with continuous disclosure requirements mandated by the Australian Securities Exchange (ASX). The NTA per unit update forms part of its ongoing disclosure obligations, providing unitholders with timely valuation insights to support informed investment decisions.

The Trust Company (RE Services) Limited, as responsible entity, holds an AFSL and operates under ASIC supervision. JP Morgan’s role as administrator introduces independent verification of asset valuations. All updates include disclaimers about the unaudited and approximate nature of figures. Investors are encouraged to review the Product Disclosure Statement (PDS) and ASX announcements for comprehensive details on fund operations, fees, and performance.

Investor Relations and Registry Services

The Trust Company (RE Services) Limited facilitates investor communications through Boardroom Pty Ltd, which manages the unit registry and provides administrative support. Australian investors can contact Boardroom at 1300 737 760, while international investors may call +61 2 9290 9600. Email inquiries can be sent to [email protected].

The fund’s official website, www.kkcaustralia.com.au, offers access to fact sheets, performance history, disclosure documents, and the PDS. Investors may also contact the fund manager directly at 1300-131-856 (within Australia). These multiple communication channels demonstrate the fund’s commitment to transparency and investor education.

Disclaimers and Performance Outlook

KKR Credit Income Fund management stresses that past performance does not guarantee future results. Credit markets are subject to fluctuations, and historical returns may not recur. While KKR’s estimates are grounded in reasonable assumptions, no guarantees exist that expectations will be fulfilled. The modest 0.05% NTA increase exemplifies typical performance variability.

Neither KKR nor its affiliates, including entities within the Perpetual Group, guarantee the trust’s performance or capital preservation. Investment risks are inherent, and unitholders should not rely on assurances of returns. The update is general in nature and not tailored financial advice. Prospective investors should consult financial advisers considering their personal circumstances and risk tolerance before investing.

Market Environment and Future Considerations

The credit market context for the KKR Credit Income Fund is shaped by macroeconomic trends, central bank policies, and broader financial dynamics. The current NTA snapshot reflects portfolio value amid these conditions. NTA changes arise from credit security performance, credit spread shifts, interest rate movements, and risk environment fluctuations. The 0.05% two-day increase suggests relative market stability during this timeframe, although volatility may cause larger shifts.

Looking ahead, investors should monitor how the fund adapts to evolving credit conditions, interest rate forecasts, and economic growth patterns. The manager will continue aligning the portfolio with the investment mandate and market opportunities. Factors such as inflation expectations, central bank actions, and corporate earnings will influence future performance. Periodic NTA updates will provide ongoing transparency into fund positioning and results.

Verification and Administrative Oversight

All NTA figures in this update are prepared by KKR Australia Investment Management Pty Limited and remain unaudited and approximate pending verification by JP Morgan, the fund’s administrator. This process ensures compliance with the fund constitution and Australian regulatory and accounting standards applicable to managed investment schemes.

The distinction between manager-prepared and administrator-verified figures is standard industry practice. The manager calculates net asset positions based on portfolio holdings, while the administrator independently reviews these calculations for accuracy and compliance. This dual-layer approach mitigates risks of errors or misstatements. The unaudited and approximate nature reflects the need for timely daily NTA reporting to provide investors with current valuations.