KFL ex-div NAV as at 12/09/18 – $1.5243

KFL undiluted NAV as at 12/9/18 - $1.5243 (after deducting 3.00cps dividend payable)
Date12/9/20185/9/2018
KFL undiluted NAV* $1.5243$1.5673
Share price close$1.41 $1.44
Discount7%8%
The five largest portfolio holdings at 12 September 2018 are approximately as follows:
Fisher & Paykel Healthcare12%
Mainfreight11%
The a2 Milk Company10%
Freightways9%
Ryman Healthcare7%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
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 3.00 cents per share dividend to be paid on 28 September 2018.
The NAV per share is also calculated after deducting treasury stock of 115,508 shares (acquired under the Kingfish
buyback programme). 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 (KFLWE). At 12 September 2018,
48,368,533 warrants are on issue and may be exercised on 12 July 2019. The actual exercise price of each warrant is
$1.37 less the dividends per share declared by the company between 19 July 2018 and 12 July 2019. Dividends totalling
3.00 cents per share have been declared to date and three more dividends are expected to be declared in the remaining
period to 12 July 2019.
Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502
Takapuna, Auckland