Material Event (Form 8-K)

Item 8.01 Other Events

Advisory Fee Cap Extension

Pursuant to an investment advisory agreement between KKR Credit Advisors (US) LLC (the "Adviser") and KKR Asset-Based Income Fund (the "Fund"), the Adviser receives an annual fee, payable monthly by the Fund, in an amount equal to 0.50% of the Fund's month end net assets (the "Management Fee"). The Adviser has agreed to temporarily reduce its Management Fee to an annual rate of 0.35% of the Fund's month end net assets, subject to the cap described below.

Effective August 31, 2026, the Adviser agreed to extend the temporary reduction of the Management Fee through the later of May 3, 2031 or until the Fund's aggregate net assets are equal to or greater than $3 billion. Previously, the Adviser had agreed to temporarily reduce the Management Fee until the Fund's aggregate net assets were equal to or greater than $1 billion.

Elimination of Early Repurchase Fee

In connection with the Fund's conversion from a tender offer fund to an interval fund, the Fund eliminated the early repurchase fee of 5% that had previously been applied to shares repurchased at any time prior to the day immediately preceding the one-year anniversary of a shareholder's purchase of its shares.