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More on KKR Q1 earnings: Economic net income fell 10.9% Y/Y as the valuation of the P-E...

More on KKR Q1 earnings: Economic net income fell 10.9% Y/Y as the valuation of the P-E portfolio rose just 5.9% in Q1 vs. 9% a year ago. AUM of $78.3B, up 3.7% from Q4. New dividend policy: Beginning this quarter, company will pay out each quarter, 40% of realized balance sheet income in addition to traditional payout. The 40% of balance sheet income was typically paid during Q4. This Q's distribution is $0.27. Shares +0.9% premarket. Conference call at 10 ET. (PR)

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