UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 31, 2024

KKR FS Income Trust

(Exact name of registrant as specified in its charter)

(215) 495-1150

(Registrant’s telephone number, including area code)

n/a

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company x 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Advisory Fee Waiver Extension

FS/KKR Advisor, LLC (the “Adviser”), the investment adviser to KKR FS Income Trust (the “Company”), has agreed to extend the waiver of the Company’s Base Management Fee (as defined below) and Subordinated Incentive Fee on Income (as defined below) through March 31, 2025. Previously, the Adviser had agreed to waive the Base Management Fee and Subordinated Incentive Fee on Income through August 30, 2024.

Pursuant to the amended and restated investment advisory agreement (the “Advisory Agreement”) between the Adviser and the Company, the Adviser provides the Company with investment advisory services necessary for the Company’s business. Under the Advisory Agreement, the Company pays the Adviser fees for investment management services consisting of a base management fee (the “Base Management Fee”) and an incentive fee (the “Incentive Fee”), which Incentive Fee is comprised of the “Subordinated Incentive Fee on Income” and the “Incentive Fee on Capital Gains”, each as described in the Advisory Agreement, unless such fees are otherwise waived in the Adviser’s discretion.

(d) Exhibits

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.