KFL undiluted ex-div NAV as at 12/6/19 – $1.5840

KFL undiluted NAV as at 12/6/19 - $1.5840 (after deducting 3.07cps dividend payable)
Date12/6/20195/6/2019
KFL undiluted NAV* $1.5840$1.5761
Share price close$1.41 $1.46
Discount11%7%
The five largest portfolio holdings at 12 June 2019 are approximately as follows:
The a2 Milk Company15%
Fisher & Paykel Healthcare14%
Mainfreight12%
Infratil9%
Freightways8%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
KingfishisalistedinvestmentcompanythatinvestsingrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingingrowth
companyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,
andaccesstoadiversifiedportfolioofinvestmentsthroughasingletax-efficientinvestmentvehicle.Kingfishlistedon
NZXMainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstockexchangeor
unlisted 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 3.07 cents per share dividend to be paid on 27 June 2019. The
NAV per share is also calculated after deducting treasury stock of 117,500 shares (acquired under the Kingfish
buyback programme).
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWE). At 12 June 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 11.94 cents per share have been declared to date and there are no more dividends 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