KFL - discount to diluted NAV

[alokdhir]

The discount to NAV is about $35m

Some might say that’s the present value of future management and performance fees

Those same punters would say that seems about right só discount is warranted

This cud have been true if all 3 ie KFL / BRM / MLN traded at same discount as all have similar fees structure ....at present discounts are 9% / 4% / 5% ....

PS : Also this explanation doesn't fit premiums to NAV which were present for almost 18 months !!!

If u invest funds with ANZ Private kind of wealth managers ...then they upfront charge u portfolio establishment fees ...where as if u buy KFL ...u get great and established portfolio at 9% discount