Exhibit A:


The next dividend will lower ALL the NTA row values by the same amount so do not worry about it.
Otherwise we assume the NTA does not change.

The current exercise price of a warrant [$1.32 - 8.44c of divvies] is $1.2356, add in you 6c to buy the warrant and your total buy price is effectively $1.2956.

When those KFLWD all become KFL then the NTA of the KFL drops by
3c a pop [$1.3853 > $1.3559] and we will assume so does the buy and sell.

So maybe you can sell for $1.33 what you bought for $1.2956.

But prices rise and fall and there maybe other stuff involved because I am not up to speed on the KFL fee structure, etc.

Best Wishes
Paper Tiger