SCHEDULE: NextEra Energy's KKR FS Income Trust Stake Dips to 7.4%

Sentiment:

Beneficial Ownership Amendment


NextEra Energy and Florida Power & Light's beneficial ownership in KKR FS Income Trust decreased to 7.4% due to new share issuances.

Capital raiseKKR FS Income Trust issued 1,868,607.82 Common Shares in a private offering as reported in an 8-K filed on August 21, 2025.KKR FS Income Trust issued an additional 4,219,629.518 Common Shares in a private offering as reported in an 8-K filed on September 23, 2025.
Worse than expectedThe reporting persons' percentage of beneficial ownership decreased to 7.4% due to an increase in the total number of outstanding shares of KKR FS Income Trust, implying dilution of their relative stake.

Summary

  • NextEra Energy Inc and Florida Power & Light Co (collectively, the "Reporting Persons") jointly beneficially own 3,483,107 common shares of KKR FS Income Trust.
  • This ownership represents 7.4% of the total common shares outstanding of KKR FS Income Trust.
  • The percentage of ownership has changed due to an increase in the total number of common shares outstanding for KKR FS Income Trust.
  • As of September 23, 2025, KKR FS Income Trust had 46,863,868.338 common shares issued and outstanding.
  • This total includes 40,775,631 common shares outstanding as of July 31, 2025, and an additional 6,088,237.338 common shares issued through two private offerings in August and September 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of a change in beneficial ownership percentage due to share issuances, which inherently dilutes existing stakes. It does not contain explicit positive or negative operational news from the reporting persons' perspective, but the dilution is a factual decrease in relative ownership.

Negatives

  • The Reporting Persons' percentage of beneficial ownership in KKR FS Income Trust decreased to 7.4% due to dilution from new share issuances by the Issuer.

Stakeholder Impact

  • Shareholders of KKR FS Income Trust experienced dilution of their ownership percentage due to the issuance of new shares in private offerings, which increased the total number of outstanding shares.

Key Dates

DateDescription
2023-09-05Original Schedule 13D filed by the Reporting Persons.
2024-03-22Amendment No. 1 to Schedule 13D filed.
2024-05-24Amendment No. 2 to Schedule 13D filed.
2024-06-24Amendment No. 3 to Schedule 13D filed.
2024-08-23Amendment No. 4 to Schedule 13D filed.
2024-09-24Amendment No. 6 to Schedule 13D filed.
2024-10-23Amendment No. 7 to Schedule 13D filed.
2024-11-25Amendment No. 8 to Schedule 13D filed.
2024-12-23Amendment No. 9 to Schedule 13D filed.
2025-02-25Amendment No. 10 to Schedule 13D filed.
2025-04-23Amendment No. 11 to Schedule 13D filed.
2025-07-24Amendment No. 12 to Schedule 13D filed.
2025-07-31Common Shares outstanding reported in Issuer's Quarterly Report on Form 10-Q.
2025-08-13Issuer's Quarterly Report on Form 10-Q filed with the SEC.
2025-08-21Issuer's Current Report on Form 8-K filed, reporting a private offering of 1,868,607.82 Common Shares.
2025-09-23Date of event requiring this filing; Issuer's Current Report on Form 8-K filed, reporting a private offering of 4,219,629.518 Common Shares.
2025-09-24Date of signing for Amendment No. 13 to Schedule 13D.

Keywords

KKR FS Income Trust, NextEra Energy, Florida Power & Light, Schedule 13D, Beneficial Ownership, Share Dilution, Private Offering, SEC Filing

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