KFL undiluted ex-div NAV as at 30/11/23 – $1.2539

KFL undiluted NAV as at 30/11/23 - $1.2539 (after deducting 2.64cps dividend payable)
Date30/11/202329/11/2023
KFL undiluted NAV$1.2539$1.2781
Share price close$1.18 $1.21
Discount6%5%
The five largest portfolio holdings at 30 November 2023 are approximately as follows:
Infratil17%
Mainfreight16%
Fisher & Paykel Healthcare15%
Auckland International Airport9%
Summerset7%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
KingfishisalistedinvestmentcompanythatinvestsinqualitygrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFundsManagementLtd,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvesting
ingrowthcompanyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthand
dividends,andaccesstoadiversifiedportfolioofinvestmentsthroughasingletaxefficientinvestmentvehicle.Kingfish
listedonNZXMainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstock
exchange or 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 2.64 cents per share dividend to be paid on 15 December 2023.The
NAV per share is also calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) -
currently nil.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWH). At 30 November 2023,
83,105,144 warrants are on issue and may be exercised on 26 July 2024. The actual exercise price of each warrant is
$1.37 less the dividends per share declared by the company with a record date between 6 July 2023 and the
announcement of the 26 July 2024 exercise price. Dividends totalling 5.43 cents per share have been declared to date and
there are two more dividends expected to be declared in the remaining period up to the announcement of the 26 July 2024
exercise price.
Kingfish Limited
Phone +64 9 489 7094
Private Bag 93502
Takapuna, Auckland