KFL undiluted NAV as at 24/10/18 – $1.4216

KFL undiluted NAV as at 24/10/18 - $1.4216
Date24/10/201817/10/2018
KFL undiluted NAV* $1.4216$1.4566
Share price close$1.31 $1.35
Discount8%7%
The five largest portfolio holdings at 24 October 2018 are approximately as follows:
Fisher & Paykel Healthcare13%
The a2 Milk Company12%
Mainfreight11%
Freightways9%
Ryman Healthcare7%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is
managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth
company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and
access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Kingfish listed on NZX
Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted
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 of 153,287 shares (acquired under the Kingfish buyback
programme).
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWE). At 24 October 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