KFL undiluted NAV as at 5/4/17 – $1.4056

KFL undiluted NAV as at 5/4/17 - $1.4056
Date5/4/201731/3/2017
KFL undiluted NAV *$1.4056$1.3948
Share price close$1.28 $1.29
Discount9%8%
The five largest portfolio holdings at 5 April 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 calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) -
currently nil. A performance fee payable to the Manager, relating to the previous financial year, is currently being accrued
in the NAV.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWD). At 5 April 2017,
38,176,653 warrants are on issue and may be exercised on 5 May 2017. The actual exercise price of each warrant is
$1.21.
Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502
Takapuna, Auckland