KFL undiluted NAV as at 2/9/20 – $1.7695

KFL undiluted NAV as at 2/9/20 - $1.7695
Date2/9/202031/8/2020
KFL undiluted NAV$1.7695$1.7743
Share price close$1.76 $1.75
Discount 1%1%
The five largest portfolio holdings at 2 September 2020 are approximately as follows:
Fisher & Paykel Healthcare17%
Mainfreight17%
The a2 Milk Company13%
Infratil11%
Summerset9%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
KingfishisalistedinvestmentcompanythatinvestsingrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingingrowth
companyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,
andaccesstoadiversifiedportfolioofinvestmentsthroughasingletax-efficientinvestmentvehicle.Kingfishlisted
onNZXMainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstock
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 (shares acquired under the Kingfish buyback
programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV
calculation.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWF). At 2 September
2020, 61,578,083 warrants are on issue and may be exercised on 12 March 2021. The actual exercise price of each
warrant is $1.64 less the dividends per share declared by the company between 9 March 2020 and the
announcement of the 12 March 2021 exercise price. Dividends totalling 9.55 cents per share have been declared to
date and one more dividend is expected to be declared in the remaining period up to the announcement of the 12
March 2021 exercise price.
Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502
Takapuna, Auckland