KFL undiluted NAV as at 24/8/16 - $1.4820
Date 24/8/2016 17/8/2016
KFL undiluted NAV * $1.4820 $1.4728
Share price close $1.39 $1.39
Discount 6% 6%
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (KFLWD). At 24 August 2016, 38,176,653 warrants are on issue and
may be exercised on 5 May 2017. The actual exercise price of each warrant is
$1.32 less the dividends per share declared by the company between 9 May 2016
and 5 May 2017. Dividends totalling 5.53 cents per share have been declared
to date and two more dividends are expected to be declared in the remaining
period to 5 May 2017.
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 five largest portfolio holdings at 24 August 2016 are approximately as
follows:
Ryman Healthcare 11%
Mainfreight 10%
Freightways 8%
Fisher & Paykel Healthcare 8%
Infratil 7%
BACKGROUND
Kingfish is a listed investment company that invests in growing New Zealand
companies. The Kingfish portfolio is managed by Fisher Funds, a specialist
investment manager with a track record of successfully investing in growth
company shares. The aim of Kingfish is to offer investors competitive returns
through capital growth and dividends, and access to a diversified portfolio
of investments through a single tax-efficient investment vehicle. Kingfish
listed on NZX Main Board on 31 March 2004 and may invest in companies that
are listed on a New Zealand stock exchange or unlisted companies.
For further information please contact Kingfish Ltd, ph (09) 489 7094.
End CA:00287895 For:KFL Type:NTA Time:2016-08-25 15:37:38