Oct 8 (Reuters) - KKR Income Opportunities Fund ( KIO ):

* KKR INCOME OPPORTUNITIES FUND TO ACQUIRE ASSETS OF INSIGHT

SELECT INCOME FUND

* KKR INCOME OPPORTUNITIES FUND ( KIO ) - SHAREHOLDERS OF INSI WILL

RECEIVE SHARES OF KIO AND MAY ELECT TO RECEIVE UP TO 5% OF

CONSIDERATION IN CASH

* KKR INCOME OPPORTUNITIES FUND ( KIO ) - INSIGHT SELECT INCOME FUND

SHARES TO BE DELISTED POST-TRANSACTION

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