SCHEDULE: NextEra Energy and FPL Update Stake in KKR FS Income Trust
Beneficial Ownership Update
NextEra Energy Inc. and Florida Power & Light Co. have updated their beneficial ownership in KKR FS Income Trust to 8.7% due to a change in the total outstanding shares.
Summary
- NextEra Energy Inc. and Florida Power & Light Co. (Reporting Persons) filed Amendment No. 12 to their Schedule 13D.
- The amendment updates their beneficial ownership in KKR FS Income Trust's common shares.
- Reporting Persons collectively beneficially own 3,483,107 common shares.
- This represents 8.7% of the class, based on 40,287,076 common shares outstanding as of July 23, 2025.
- The change in percentage ownership is due to a change in the total number of common shares outstanding, not an acquisition or disposition by the reporting persons.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine compliance filing updating beneficial ownership percentage due to a change in the issuer's outstanding shares, not a strategic move or financial performance update.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This is a routine ownership disclosure filing, indicating the continued significant passive investment by NextEra Energy Inc. and Florida Power & Light Co. in KKR FS Income Trust. It reflects a compliance update rather than a strategic shift or new investment initiative.
Stakeholder Impact
- Shareholders of KKR FS Income Trust: Provides updated information on significant beneficial ownership by NextEra Energy Inc. and Florida Power & Light Co.
Key Dates
| Date | Description |
|---|---|
| 2023-05-26 | Form 10 filed by the Issuer with the Securities and Exchange Commission, referencing Exhibit 10.1, Form of Subscription Agreement for Capital Commitments. |
| 2023-09-05 | Original Schedule 13D filed by the Reporting Persons. |
| 2024-03-22 | Amendment No. 1 to Schedule 13D filed. |
| 2024-05-24 | Amendment No. 2 to Schedule 13D filed. |
| 2024-06-24 | Amendment No. 3 to Schedule 13D filed. |
| 2024-08-23 | Amendment No. 4 to Schedule 13D filed. |
| 2024-09-24 | Amendment No. 6 to Schedule 13D filed. |
| 2024-10-23 | Amendment No. 7 to Schedule 13D filed. |
| 2024-11-25 | Amendment No. 8 to Schedule 13D filed. |
| 2024-12-23 | Amendment No. 9 to Schedule 13D filed. |
| 2025-02-25 | Amendment No. 10 to Schedule 13D filed. |
| 2025-04-23 | Amendment No. 11 to Schedule 13D filed. |
| 2025-07-23 | Date of event requiring this filing, reflecting 40,287,076 Common Shares issued and outstanding as disclosed in the Issuer's Form 8-K. |
| 2025-07-24 | Date of signing for Amendment No. 12 to Schedule 13D. |
Recommendation
holdThis filing is a routine Schedule 13D amendment updating the beneficial ownership percentage of NextEra Energy Inc. and Florida Power & Light Co. in KKR FS Income Trust. The change in percentage is attributed to a change in the total number of outstanding shares of the issuer, not a new acquisition or disposition by the reporting persons. As such, it does not provide new information that would warrant a change in investment thesis or a strong buy/sell recommendation. It merely confirms the continued significant, albeit slightly adjusted, passive stake.
Keywords
KKR FS Income Trust, NextEra Energy, Florida Power & Light, Schedule 13D, beneficial ownership, common shares, SEC filing, institutional investment
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