KFL ex-div NAV as at 15/3/17 – $1.3899

KFL undiluted NAV as at 15/3/17 - $1.3899 (after deducting 2.72cps dividend payable)
Date15/3/20178/3/2017
KFL undiluted NAV *$1.3899$1.4156
Share price close$1.30 $1.33
Discount6%6%
The five largest portfolio holdings at 15 March 2017 are approximately as follows:
Mainfreight 13%
Fisher & Paykel Healthcare11%
Ryman Healthcare10%
Freightways9%
Infratil7%
BACKGROUND
For further information please contact Kingfish Ltd, ph (09) 489 7094.
KingfishisalistedinvestmentcompanythatinvestsingrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingingrowth
companyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,and
accesstoadiversifiedportfolioofinvestmentsthroughasingletax-efficientinvestmentvehicle.KingfishlistedonNZX
MainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstockexchangeorunlisted
companies.
The above net asset value (NAV) is unaudited and net of fees and tax.
The NAV per share is after deducting an accrual for a 2.72 cents per share dividend to be paid on 31 March 2017. The
NAV per share is also calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) -
currently nil. A performance fee payable to the Manager, is currently being accrued in the NAV.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWD). At 15 March 2017,
38,176,653 warrants are on issue and may be exercised on 5 May 2017. The actual exercise price of each warrant is
$1.32 less the dividends per share declared by the company between 9 May 2016 and 5 May 2017. Dividends totalling
11.16 cents per share have been declared to date and no more dividends are to be declared in the remaining period to 5
May 2017.
Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502
Takapuna, Auckland