SCHEDULE 13D/A: NextEra Energy and FPL Update Stake in KKR FS Income Trust Following Share Count Adjustment
Beneficial Ownership Update
NextEra Energy Inc. and Florida Power & Light Co. have filed an Amendment No. 11 to their Schedule 13D, updating their beneficial ownership in KKR FS Income Trust to 9.9% due to a change in the issuer's outstanding common shares.
Summary
- This document is Amendment No. 11 to the Schedule 13D filing by NextEra Energy Inc. and Florida Power & Light Co. (the "Reporting Persons") regarding their beneficial ownership in KKR FS Income Trust (the "Issuer").
- The amendment is being filed to reflect a change in the percentage of Common Shares owned by the Reporting Persons.
- This change is a direct result of an updated number of Common Shares outstanding for KKR FS Income Trust.
- As of April 22, 2025, NextEra Energy Inc. and Florida Power & Light Co. collectively beneficially own 3,483,107 common shares of KKR FS Income Trust.
- This ownership represents 9.9% of the class, calculated based on 35,310,283 Common Shares issued and outstanding as of April 22, 2025, as disclosed by the Issuer in a Form 8-K.
- The original Schedule 13D was filed on September 5, 2023, with this being the eleventh amendment to that filing.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13D Amendment) reporting an updated beneficial ownership percentage due to a change in the issuer's outstanding share count. It contains no new strategic information, financial performance updates, or forward-looking statements that would significantly alter market sentiment. Its nature is neutral and administrative.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the future performance or strategic direction of KKR FS Income Trust or the Reporting Persons' investment strategy.
Management Comments
- David Flechner, Vice President, Compliance & Corporate Secretary for both NextEra Energy Inc. and Florida Power & Light Co., certified that the information set forth in the statement is true, complete, and correct to the best of his knowledge and belief.
Industry Context
This filing is a routine regulatory disclosure of a change in beneficial ownership percentage, driven by an administrative update to the issuer's total outstanding shares. It does not provide insights into broader industry trends, competitive dynamics, or the strategic positioning of KKR FS Income Trust within the financial trust sector. It primarily confirms the continued significant, albeit slightly adjusted, ownership stake of NextEra Energy and Florida Power & Light Co. in KKR FS Income Trust.
Stakeholder Impact
- Shareholders of KKR FS Income Trust: The filing provides updated information on the beneficial ownership structure, clarifying the percentage held by NextEra Energy and Florida Power & Light Co. due to a change in the total outstanding shares. This ensures transparency regarding significant ownership stakes.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 2025-04-22 | Date of event which requires this filing, specifically a change in the number of KKR FS Income Trust's Common Shares outstanding. |
| 2025-04-23 | Date of signing for NextEra Energy Inc. and Florida Power & Light Co. for this Amendment No. 11. |
Keywords
NextEra Energy, Florida Power & Light, KKR FS Income Trust, Schedule 13D, Beneficial Ownership, SEC Filing, Common Shares, Shareholding Update, Institutional Investor, Investment Disclosure
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