Filing Details

Accession Number:
0001104659-22-023195
Form Type:
13G Filing
Publication Date:
2022-02-13 19:00:00
Filed By:
Eagle Point Credit Management Llc
Company:
Kkr Real Estate Finance Trust Inc. (NYSE:KREF)
Filing Date:
2022-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Eagle Point Credit Management 147,025 7 147,025 9 147,025 1.1%
Filing

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

KKR Real Estate Finance Trust Inc.
(Name of Issuer)
 
Preferred Stock
(Title of Class of Securities)
 
48251K209
(CUSIP Number(s))
 
December 31, 2021
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

xRule 13d-1(c)

¨ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

 

CUSIP No 48251K209  

 

1

NAME OF REPORTING PERSON

 

Eagle Point Credit Management LLC

   
     
   
   
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP    
(a)¨    
(b)¨    
3 SEC USE ONLY    
     
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION    
Delaware    
   
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
5 SOLE VOTING POWER    
147,025 shares    
   
6 SHARED VOTING POWER    
     
   
7 SOLE DISPOSITIVE POWER    
147,025 shares    
   
8 SHARED DISPOSITIVE POWER    
     
   
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
147,025 shares    
   
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    
¨    
   
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)    
1.1%    
   
12 TYPE OF REPORTING PERSON    
IA    
   
           

 

 

 

 

 

CUSIP No 48251K209  

 

Item 1(a). Name of Issuer:

 

KKR Real Estate Finance Trust Inc.

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

30 Hudson Yards, Suite 7500, New York, New York 10001

 

Item 2(a). Name of Person(s) Filing:

 

Eagle Point Credit Management LLC (“EPCM”)

 

Item 2(b). Address of Principal Business Office or, if none, Residence:

 

600 Steamboat Road, Suite 202 

Greenwich, CT 06830

 

Item 2(c). Citizenship:

 

Organized in the State of Delaware

 

Item 2(d). Title of Class of Securities:

 

Preferred Stock

 

Item 2(e). CUSIP Number(s):

 

48251K209

 

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)¨ Broker or dealer registered under Section 15 of the Act;

 

(b)¨ Bank as defined in Section 3(a)(6) of the Act;

 

(c)¨ Insurance company as defined in Section 3(a)(19) of the Act;

 

(d)¨ Investment company registered under Section 8 of the Investment Company Act of 1940;

 

(e)¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

(f)¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

(g)¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

(h)¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 

(j)¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

 

(k)¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

 

 

 

 

 

CUSIP No 48251K209  

 

Item 4. Ownership.

 

  (a) Amount beneficially owned: 147,025 shares of 6.50% Series A Cumulative Redeemable Preferred Stock

 

  (b) Percent of Class: 1.1%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 147,025 shares1

 

  (ii) Shared power to vote or to direct the vote: 0 shares

 

  (iii) Sole power to dispose or to direct the disposition of: 147,025 shares

 

  (iv) Shared power to dispose or to direct the disposition of: 0 shares

 

Item 5. Ownership of Five Percent or Less of a Class.
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

Item 10. Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

1 EPCM acts as investment manager to certain accounts (collectively, the “Accounts”) that hold the Preferred Stock described in this report. Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Stock. Therefore, EPCM could be deemed to have the sole power to vote and dispose or direct the disposition of such Preferred Stock.

 

 

 

 

 

CUSIP No 48251K209  

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 14, 2022

 

  EAGLE POINT CREDIT MANAGEMENT LLC
     
  By: /s/ Kenneth Onorio
  Name: Kenneth Onorio
  Title: Chief Financial Officer