Dividends & Distributions

2013 Distribution Dates:

Funds Record Date Reinvest Date Payable Date
BUFBX1, BUFHX2 January 17, 2013 January 18, 2013 January 18, 2013
BUFBX1, BUFHX2 February 19, 2013 February 20, 2013 February 20, 2013
BUFBX1, BUFHX2, BUFDX3 March 18, 2013 March 19, 2013 March 19, 2013
BUFBX1, BUFHX2 April 17, 2013 April 18, 2013 April 18, 2013
BUFBX1, BUFHX2 May 17, 2013 May 20, 2013 May 20, 2013
BUFBX1, BUFHX2, BUFDX3 June 17, 2013 June 18, 2013 June 18, 2013
BUFBX1, BUFHX2 July 17, 2013 July 18, 2013 July 18, 2013
BUFBX1, BUFHX2 August 19, 2013 August 20, 2013 August 20, 2013
BUFBX1, BUFHX2, BUFDX3 September 17, 2013 September 18, 2013 September 18, 2013
BUFBX1, BUFHX2 October 17, 2013 October 18, 2013 October 18, 2013
BUFBX1, BUFHX2 November 18, 2013 November 19, 2013 November 19, 2013
ALL Funds December 17, 2013 December 18, 2013 December 18, 2013

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


Distributions:

May 2013 Monthly Distributions
Record Date:  05/17/13 Reinvest Date:  05/20/13 Payable Date:  05/20/13
Buffalo Flexible Income Fund $0.02806788 -- $0.02806788 -- $0.02806788 $13.98
Buffalo High Yield Fund $0.03797018 -- $0.03797018 -- $0.03797018 $11.90

First Quarter 2013 Distributions
Record Date:   03/18/13 Reinvest Date:   03/19/13 Payable Date:   03/19/13
Buffalo Dividend Focus Fund $0.01492578 -- $0.01492578 -- $0.01492578 $10.36

Distributions by Quarter:

First Quarter 2013 Distributions
Record Date:  03/18/13 Reinvest Date:  03/19/13 Payable Date:  03/19/13
Buffalo Dividend Focus Fund $0.01492578 -- $0.01492578 -- $0.01492578 $10.36

Year - End Distributions:

2012 Year - End Distributions
Record Date:  12/17/12 Reinvest Date:  12/18/12 Payable Date:  12/18/12
Buffalo Flexible Income Fund $0.06871801 -- $0.06871801 -- $0.06871801 $12.78
Buffalo China Fund $0.00636499 -- $0.00636499 -- $0.00636499 $7.35
Buffalo Large Cap Fund $0.14733181 -- $0.14733181 $1.41481 $1.56214181 $20.48
Buffalo Growth Fund $0.12419647 -- $0.12419647 -- $0.12419647 $27.66
Buffalo High Yield Fund $0.06239983 -- $0.06239983 $0.00897 $0.07136983 $11.41
Buffalo International Fund $0.04132905 -- $0.04132905 -- $0.04132905 $9.85
Buffalo Mid Cap Fund $0.01320027 -- $0.01320027 $0.79339 $1.46939027 $17.05
Buffalo Small Cap Fund -- $0.26576 -- $1.45619 $1.72195 $28.07
Buffalo Discovery Fund $0.03194643 -- $0.03194643 $1.19021 $1.22215643 $15.87