NextEra updates 6.3% stake in KKR FS Income

NextEra Energy Inc. and its affiliate Florida Power & Light Company report beneficial ownership of 3,483,107 common shares of KKR FS Income Trust, equal to 6.3% of the outstanding class.

Rhea-AI Filing Summary

NextEra Energy Inc. and its affiliate Florida Power & Light Company report beneficial ownership of 3,483,107 common shares of KKR FS Income Trust, equal to 6.3% of the outstanding class. All of these shares are held with shared voting and shared dispositive power.

The updated percentage is based on 55,199,486.174 common shares outstanding as of February 23, 2026. That total reflects earlier reported shares plus additional common shares issued in several private offerings between November 2025 and February 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does NextEra Energy’s latest Schedule 13D/A say about its KKR FS Income Trust stake?

NextEra Energy and Florida Power & Light report beneficial ownership of 3,483,107 KKR FS Income Trust common shares. This represents 6.3% of the outstanding class, with all shares held under shared voting and shared dispositive power as reflected in Amendment No. 14.

How many KKR FS Income Trust shares does NextEra Energy (NEE) beneficially own and what percent of the class is this?

They beneficially own 3,483,107 common shares of KKR FS Income Trust, representing 6.3% of the class. The percentage is calculated using 55,199,486.174 shares outstanding as of February 23, 2026, as detailed in the amended Schedule 13D disclosure.

Did NextEra Energy change its number of KKR FS Income Trust shares in this Schedule 13D/A amendment?

The amendment focuses on an updated ownership percentage, not a new share acquisition. It keeps the beneficial ownership at 3,483,107 shares, while revising the percentage to 6.3% due to a larger number of KKR FS Income Trust shares outstanding.

What caused the change in NextEra’s ownership percentage in KKR FS Income Trust to 6.3%?

The percentage changed because KKR FS Income Trust increased its outstanding shares to 55,199,486.174. This total includes several private offerings reported on Form 8-K between November 2025 and February 23, 2026, which diluted the percentage represented by NextEra’s existing holdings.

Who are the reporting persons in the NextEra Energy Schedule 13D/A for KKR FS Income Trust?

The reporting persons are NextEra Energy Inc. and Florida Power & Light Company, both organized in Florida. They report shared voting power and shared dispositive power over 3,483,107 common shares of KKR FS Income Trust under this amended beneficial ownership statement.

How is the outstanding share count for KKR FS Income Trust computed in this Schedule 13D/A?

The filing cites 55,199,486.174 shares outstanding as of February 23, 2026. This includes 49,100,279 shares from October 31, 2025 plus additional common shares issued in four private offerings reported on Form 8-K in November, December, January, and February.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/24/2026 - 04:43 PM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 14)

KKR FS Income Trust

(Name of Issuer)

Common shares of beneficial interest, par value $0.01 per share

(Title of Class of Securities)

48255N100

(CUSIP Number)

Charles E. Sieving
700 Universe Boulevard,
Juno Beach, FL, 33408
561-694-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/23/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 48255N100

1

Name of reporting person

NEXTERA ENERGY INC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,483,107.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,483,107.00

11

Aggregate amount beneficially owned by each reporting person

3,483,107.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 48255N100

1

Name of reporting person

FLORIDA POWER & LIGHT CO

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,483,107.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,483,107.00

11

Aggregate amount beneficially owned by each reporting person

3,483,107.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common shares of beneficial interest, par value $0.01 per share
(b)	Name of Issuer: KKR FS Income Trust
(c)	Address of Issuer's Principal Executive Offices: 700 Universe Boulevard, Juno Beach, FLORIDA , 33408.
Item 1 Comment: This Amendment No. 14 to Schedule 13D (this "Amendment") amends and supplements the Schedule 13D originally filed with the U.S. Securities and Exchange Commission (the "Commission") by the Reporting Persons on September 5, 2023, as amended by Amendment No. 1 to Schedule 13D filed with the Commission on March 22, 2024, Amendment No. 2 to Schedule 13D filed with the Commission on May 24, 2024, Amendment No. 3 to Schedule 13D filed with the Commission on June 24, 2024, Amendment No. 4 to Schedule 13D filed with the Commission on August 23, 2024, Amendment No. 6 to Schedule 13D filed with the Commission on September 24, 2024, Amendment No. 7 to Schedule 13D filed with the Commission on October 23, 2024, Amendment No. 8 to Schedule 13D filed with the Commission on November 25, 2024, Amendment No. 9 to Schedule 13D filed with the Commission on December 23, 2024, Amendment No. 10 to Schedule 13D filed with the Commission on February 25, 2025, Amendment No. 11 to Schedule 13D filed with the Commission on April 23, 2025, Amendment No. 12 to Schedule 13D filed with the Commission on July 24, 2025 and Amendment No. 13 to Schedule 13D filed with the Commission on September 24, 2025 (the "Schedule 13D"), relating to the Common Shares of the Issuer. This Amendment is being filed to reflect a change in the percentage of the Common Shares owned by the Reporting Persons as a result of a change in the number of Common Shares outstanding.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a) - (b) of the Schedule 13D are hereby amended and restated to read as follows: (a) and (b) The information set forth in Items 7 - 13 of the cover pages is hereby incorporated by reference into this Item 5(a) and (b). The percentage calculations herein are based upon 55,199,486.174 Common Shares issued and outstanding as of February 23, 2026, consisting of (i) 49,100,279 Common Shares outstanding as of October 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2025, (ii) 892,517.528 Common Shares issued by the Issuer in a private offering as reported in the Issuer's Current Report on Form 8-K filed on November 21, 2025, (iii) 1,075,920.002 Common Shares issued by the Issuer in a private offering as reported in the Issuer's Current Report on Form 8-K filed on December 23, 2025, (iv) 1,943,114.12 Common Shares issued by the Issuer in a private offering as reported in the Issuer's Current Report on Form 8-K filed on January 21, 2026 and (v) 2,187,655.524 Common Shares issued by the Issuer in a private offering as reported in the Issuer's Current Report on Form 8-K filed on February 23, 2026.
Item 7.	Material to be Filed as Exhibits.
	Exhibit A - Joint Filing Agreement.* Exhibit B - Form of Subscription Agreement for Capital Commitments (incorporated by reference to Exhibit 10.1 of Amendment No. 1 to Form 10 filed by the Issuer with the Securities and Exchange Commission on May 26, 2023, File No. 000-56493). * Filed herewith.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NEXTERA ENERGY INC

Signature:	/s/ David Flechner
Name/Title:	David Flechner, Vice President, Compliance & Corporate Secretary
Date:	02/24/2026

FLORIDA POWER & LIGHT CO

Signature:	/s/ David Flechner
Name/Title:	David Flechner, Vice President, Compliance & Corporate Secretary
Date:	02/24/2026