Kennedy-Wilson (KW) Proxy filing summary

Executive summary

• Reported GAAP net income attributable to common shareholders of $13.7 million for Q1 2026, reversing a loss of $40.8 million in Q1 2025.

• Adjusted EBITDA rose to $141.8 million from $98.2 million year-over-year, driven by fair value gains and higher investment management fees.

• Investment management fees increased 11% to $28 million, with fee-bearing capital reaching $11.2 billion.

• Portfolio activity included $333 million deployed or committed, $251 million in new loan originations, and $90 million cash generated from dispositions.

• Announced a special shareholders meeting for a merger transaction scheduled for June 10, 2026, with plans to repay or offer to repay all outstanding senior unsecured notes.

Voting matters and shareholder proposals

• Special shareholders meeting regarding the proposed merger and related matters is set for June 10, 2026.

Board of directors and corporate governance

• The report was signed by the Chief Financial Officer, indicating executive oversight and authorization.