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KKR Financial reports Q4 net loss

3rd March 2009
By Staff Writer

KKR Financial Holdings has reported a net loss of $1.2 billion, or $7.85 per diluted share, for the fourth quarter ended December 31, 2008, as compared to a net income of $59.9 million, or $0.52 per diluted share, for the fourth quarter ended December 31, 2007.

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The company reported a net loss of $1.1 billion, or $7.68 per diluted share, for the year ended December 31, 2008, as compared to a net loss of $100.2 million, or $1.11 per diluted share, for the year ended December 31, 2007.

According to KKR, the net loss reported for the year ended December 31, 2008 was primarily attributable to the loss posted in the fourth quarter ended December 31, 2008.

As of December 31, 2008, total assets of the company were $12.51 billion, compared to $19.05 billion as of December 31, 2007.

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