SAN FRANCISCO, Sept. 26, 2013 /PRNewswire/ -- KKR Financial Holdings LLC (NYSE: KFN) ("KFN" or the "Company") announced today that its board of directors declared a cash distribution of $0.460938 per share on its outstanding 7.375% Series A LLC Preferred Shares (NYSE: KFN.PR) (the "Preferred Shares").

The distribution is payable on October 15, 2013 to holders of record of Preferred Shares as of the close of business on October 8, 2013.

About KKR Financial Holdings LLC

KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN's core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN executes its core business strategy through its majority-owned subsidiaries. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. Additional information regarding KFN is available at http://www.kkr.com.

Investor Relations Contact:Pam TestaniKohlberg Kravis Roberts & Co.Tel: +1 (415) 315-6597investor-relations@kkr.com

Media Contact:Kristi HullerKohlberg Kravis Roberts & Co.Tel: +1 (212) 750-8300 media@kkr.com

SOURCE KKR Financial Holdings LLC

RELATED LINKShttp://www.kkr.com