Dividends & Distributions

2016 Distribution Dates:

Funds Record Date Reinvest Date Payable Date
BUFBX1, BUFHX2 January 19, 2016 January 20, 2016 January 20, 2016
BUFBX1, BUFHX2 February 17, 2016 February 18, 2016 February 18, 2016
BUFBX1, BUFHX2, BUFDX3 March 17, 2016 March 18, 2016 March 18, 2016
BUFBX1, BUFHX2 April 18, 2016 April 19, 2016 April 19, 2016
BUFBX1, BUFHX2 May 17, 2016 May 18, 2016 May 18, 2016
BUFBX1, BUFHX2, BUFDX3 June 17, 2016 June 20, 2016 June 20, 2016
BUFBX1, BUFHX2 July 18, 2016 July 19, 2016 July 19, 2016
BUFBX1, BUFHX2 August 17, 2016 August 18, 2016 August 18, 2016
BUFBX1, BUFHX2, BUFDX3 September 19, 2016 September 20, 2016 September 20, 2016
BUFBX1, BUFHX2 October 17, 2016 October 18, 2016 October 18, 2016
BUFBX1, BUFHX2 November 17, 2016 November 18, 2016 November 18, 2016
ALL Funds December 19, 2016 December 20, 2016 December 20, 2016

1 BUFBX - Buffalo Flexible Income Fund
2 BUFHX - Buffalo High Yield Fund
3 BUFDX - Buffalo Dividend Focus Fund


Distributions:

May 2016 Monthly Distributions
Record Date:  05/17/16 Reinvest Date:  05/18/16 Payable Date:  05/18/16
Buffalo Flexible Income Fund $0.03415750 -- $0.03415750 -- $0.03415750 $13.61
Buffalo High Yield Fund $0.03902881 -- $0.03902881 -- $0.03902881 $11.14

First Quarter 2016 Distributions
Record Date:   03/17/16 Reinvest Date:   03/18/16 Payable Date:   03/18/16
Buffalo Dividend Focus Fund $0.04845082 -- $0.04845082 -- $0.04845082 $13.15

Distributions by Quarter:

First Quarter 2016 Distributions
Record Date:  03/17/16 Reinvest Date:  03/18/16 Payable Date:  03/18/16
Buffalo Dividend Focus Fund $0.04845082 -- $0.04845082 -- $0.04845082 $13.15

Year - End Distributions:

2015 Year - End Distributions
Record Date:  12/17/15 Reinvest Date:  12/18/15 Payable Date:  12/18/15
Buffalo Flexible Income Fund $0.04320147 -- $0.04320147 $0.09672 $0.13992147 $13.50
Buffalo Dividend Focus Fund $0.04061333 $0.14263 $0.04061333 $0.11942 $0.30266333 $12.88
Buffalo Large Cap Fund $0.03755841 $0.35078 $0.03755841 $1.22767 $1.61600841 $23.19
Buffalo Growth Fund $0.19258759 $0.10370 $0.19258759 $5.01257 $5.30885759 $28.33
Buffalo High Yield Fund $0.02928413 -- $0.02928413 $0.16870 $0.19798413 $11.06
Buffalo International Fund $0.04917041 -- $0.04917041 -- $0.04917041 $11.16
Buffalo Mid Cap Fund -- -- -- $2.00198 $2.00198 $15.12
Buffalo Emerging Opportunities Fund -- -- -- $1.22545 $1.22545 $14.20
Buffalo Small Cap Fund -- -- -- $12.38628 $12.38628 $17.42
Buffalo Discovery Fund -- $0.25073 -- $1.23253 $1.48326 $19.30

2014 Year - End Distributions
Record Date:  12/31/14 Reinvest Date:  01/02/15 Payable Date:  01/02/15
Buffalo International Fund $0.00898943 -- $0.00898943 -- $0.00898943 $11.39