When did KKR Financial Holdings LLC become a public company?
We are a Delaware limited liability company and were organized on January 17, 2007. We are the successor to KKR Financial Corp. (the “REIT Subsidiary”), a Maryland corporation. The REIT Subsidiary was originally incorporated in the State of Maryland on July 7, 2004 and elected to be treated as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. The REIT Subsidiary completed its initial private placement of shares of its common stock in August 2004, and completed its initial public offering of shares of its common stock in June 2005. On June 23, 2005, we effected a reverse stock split of our common stock at a ratio of one share of common stock for every two shares of common stock then outstanding. On May 4, 2007, we completed a restructuring transaction (the “Restructuring Transaction”), pursuant to which the REIT Subsidiary became our subsidiary and each outstanding share of the REIT Subsidiary’s common stock was converted into one of our common shares, which
