KFL
11/06/2015 16:09
NTA
NOT PRICE SENSITIVE
REL: 1609 HRS Kingfish Limited
NTA: KFL: KFL ex-div NAV as at 10/6/15 - undiluted $1.3245
KFL NAV as at 10/6/15 - undiluted $1.3245 (after deducting 2.71cps dividend
payable)
Date 10/6/2015 3/6/2015
KFL undiluted NAV * $1.3245 $1.3566
Share price close $1.36 $1.40
Premium based on undiluted NAV (3%) (3%)
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (KFLWC). At 10 June 2015, 30,448,940 warrants are on issue and may
be exercised on 6 November 2015. The actual exercise price of each warrant is
$1.29 less the dividends per share declared by the company between 13
November 2014 and 6 November 2015. Dividends totalling 8.10 cents per share
have been declared to date and one more dividend is expected to be declared
in the remaining period to 6 November 2015.
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 2.71 cents per share
dividend to be paid on 26 June 2015. The NAV per share is also calculated
after deducting treasury stock (shares acquired under the Kingfish buyback
programme) - currently nil.
The five largest portfolio holdings at 10 June 2015 are approximately as
follows:
Mainfreight 13%
Fisher & Paykel Healthcare 12%
Ryman Healthcare 10%
Freightways 9%
Infratil 8%
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 the NZX Main Board on 31 March 2004 and may invest in companies
that are listed on the NZX Main Board, NZX Alternative Market or unlisted
companies.
For further information please contact Kingfish Ltd, ph (09) 489 7094.
End CA:00265558 For:KFL Type:NTA Time:2015-06-11 16:09:41
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