KFL ex-div undiluted NAV as at 9/9/20 – $1.6958

KFL undiluted NAV as at 9/9/20 - $1.6958 (after deducting 3.25cps dividend payable)
Date9/9/20202/9/2020
KFL undiluted NAV$1.6958$1.7695
Share price close$1.70 $1.76
(Premium) / Discount (0%)1%
The five largest portfolio holdings at 9 September 2020 are approximately as follows:
Mainfreight16%
Fisher & Paykel Healthcare15%
The a2 Milk Company14%
Infratil11%
Summerset8%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
KingfishisalistedinvestmentcompanythatinvestsingrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvestingingrowth
companyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthanddividends,and
accesstoadiversifiedportfolioofinvestmentsthroughasingletax-efficientinvestmentvehicle.KingfishlistedonNZX
MainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstockexchangeor
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 3.25 cents per share dividend to be paid on 25 September 2020.
The NAV per share is also 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 9 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