KKR FINANCIAL HOLDINGS LLC (NYSE: KFN) is a New York Stock Exchange-listed specialty finance company with expertise in a range of asset classes. KFN’s core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Mangement LLC, which is a wholly owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. KFN executes its core business strategy through majority-owned subsidiaries. Yield 8.30%
PennantPark Floating Rate Capital Ltd. PFLT: PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) is an externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940.
Our investment objective is to seek current income and capital appreciation by investing primarily in Floating Rate Loans and other investment made to U.S. middle-market private companies whose debt is rated below investment grade. Under normal market conditions, we generally expect that at least 80% of the value of our Managed Assets, which means our net assets plus any borrowings for investment purposes, will be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. We generally expect that senior secured loans will represent at least 65% of our overall portfolio. We also generally expect to invest up to 35% of our overall portfolio opportunistically in other types of investments, including second-lien, high yield, mezzanine and distressed debt securities and equity investments. Our investment size may generally range between $1 million and $10 million, on average, although we expect that this investment size will vary proportionately with the size of our capital base. Yields 10.07%
PVR Partners, L.P. (NYSE: PVR) is a publicly traded limited partnership that owns and operates a network of natural gas midstream pipelines and processing plants, and owns and manages coal and natural resource properties. Our midstream assets, located principally in Texas, Oklahoma and Pennsylvania, provide gathering, transportation, compression, processing, dehydration and related services to natural gas producers. Our coal and natural resource properties, located in the Appalachian, Illinois and San Juan basins, are leased to experienced operators in exchange for royalty payments. Yields 8.87%