• KKR Real Estate Finance Trust(NYSE:KREF)trades 2% down premarket after it launched apublic offeringof additional shares ofits 6.50% Series A Cumulative Redeemable Preferred Stock with $25/share liquidation preference.
• This offering is a re-opening of KREF’s previous issuance of 6.9M shares of Preferred Stock.
• Net proceeds to be used for acquiring its target assets in a manner consistent with its investment strategies and investment guidelines and for general corporate purposes.
• The Preferred Stock is listed on NYSE under the symbol, "KREF PRA".