SCHEDULE: Kennedy-Wilson Holdings Merger Completed

Kennedy-Wilson Holdings, Inc. has completed its merger, with shareholders receiving $10.90 per share in cash.

Summary

• This filing is an amendment to a Schedule 13D, reporting on the completion of a merger involving Kennedy-Wilson Holdings, Inc. (the "Issuer").
• The merger was finalized on June 16, 2026, following an Agreement and Plan of Merger dated February 16, 2026, and amended on March 15, 2026.
• Each outstanding share of common stock was converted into the right to receive $10.90 in cash per share.
• Restricted Stock Units (RSUs) also vested and were converted into the right to receive the merger consideration.
• Series A Preferred Stock held by Dust Bowl Capital, LLC and Security Benefit Life Insurance Company was redeemed prior to the merger closing at a price of $1,000 per share plus accrued dividends.
• As a result of the merger, the Issuer's common stock will no longer be listed on the New York Stock Exchange and will be deregistered.
• The reporting persons, Eldridge Industries, LLC, Todd L. Boehly, Security Benefit Life Insurance Company, and Dust Bowl Capital, LLC, have ceased to be beneficial owners of more than 5% of the Issuer's shares as of June 16, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on the completion of a pre-announced merger transaction with a fixed cash payout, rather than new strategic developments or financial performance.

Positives

• Shareholders received a cash payout of $10.90 per share, providing a definitive exit value.
• The merger was completed, bringing certainty to the transaction for all parties involved.
• Preferred stockholders received a redemption price of $1,000 per share plus accrued dividends.

Negatives

• The company's common stock will be delisted from the NYSE, reducing public market liquidity.
• The company will be deregistered under the Exchange Act, potentially reducing public scrutiny and information availability.

Future Outlook

The shares of Kennedy-Wilson Holdings, Inc. will no longer be listed on the New York Stock Exchange, and the company will be deregistered under Section 12(b) of the Exchange Act.

Industry Context

StockSavvy.ai notes that the completion of this merger signifies a trend of consolidation within the real estate investment and asset management sectors, where private equity and strategic buyers are acquiring publicly traded entities to take them private, often to restructure or unlock value away from public market scrutiny.

Management Changes

Stakeholder Impact

• Shareholders: Received $10.90 per share in cash, providing a liquidity event and realizing their investment value.
• Preferred Stockholders (Dust Bowl Capital, LLC and Security Benefit Life Insurance Company): Received redemption price plus accrued dividends for their Series A Preferred Stock.
• Employees: RSUs vested and were converted to cash, impacting equity compensation.
• Public Market: The delisting of the common stock from the NYSE will remove it from public trading.

Next Steps

• Deregistration of Kennedy-Wilson Holdings, Inc. common stock under the Exchange Act.
• Cessation of trading of Kennedy-Wilson Holdings, Inc. common stock on the New York Stock Exchange.

Key Dates

Keywords

Kennedy-Wilson Holdings, Merger, Schedule 13D, Acquisition, SEC Filing, Common Stock, Preferred Stock, Cash Consideration, Delisting