KFL undiluted NAV as at 28/2/19 – $1.5251

KFL undiluted NAV as at 28/2/19 - $1.5251
Date28/2/201927/2/2019
KFL undiluted NAV* $1.5251$1.5149
Share price close$1.38 $1.38
Discount10%9%
The five largest portfolio holdings at 28 February 2019 are approximately as follows:
Fisher & Paykel Healthcare14%
The a2 Milk Company11%
Mainfreight10%
Freightways9%
Infratil7%
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 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 (KFLWE). At 28 February 2019,
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
8.87 cents per share have been declared to date and one more dividend is 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