Dividends & Distributions

2015 Distribution Dates:

Funds Record Date Reinvest Date Payable Date
BUFBX1, BUFHX2 January 20, 2015 January 21, 2015 January 21, 2015
BUFBX1, BUFHX2 February 17, 2015 February 18, 2015 February 18, 2015
BUFBX1, BUFHX2, BUFDX3 March 17, 2015 March 18, 2015 March 18, 2015
BUFBX1, BUFHX2 April 17, 2015 April 20, 2015 April 20, 2015
BUFBX1, BUFHX2 May 18, 2015 May 19, 2015 May 19, 2015
BUFBX1, BUFHX2, BUFDX3 June 17, 2015 June 18, 2015 June 18, 2015
BUFBX1, BUFHX2 July 17, 2015 July 20, 2015 July 20, 2015
BUFBX1, BUFHX2 August 17, 2015 August 18, 2015 August 18, 2015
BUFBX1, BUFHX2, BUFDX3 September 17, 2015 September 18, 2015 September 18, 2015
BUFBX1, BUFHX2 October 19, 2015 October 20, 2015 October 20, 2015
BUFBX1, BUFHX2 November 17, 2015 November 18, 2015 November 18, 2015
ALL Funds December 17, 2015 December 18, 2015 December 18, 2015

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


Distributions:

June 2015 Monthly Distributions
Record Date:  06/17/15 Reinvest Date:  06/18/15 Payable Date:  06/18/15
Buffalo Flexible Income Fund $0.04055109 -- $0.04055109 -- $0.04055109 $14.66
Buffalo High Yield Fund $0.03610808 -- $0.03610808 -- $0.03610808 $11.81

Second Quarter 2015 Distributions
Record Date:   06/17/15 Reinvest Date:   06/18/15 Payable Date:   06/18/15
Buffalo Dividend Focus Fund $0.04120635 -- $0.04120635 -- $0.04120635 $14.29

Distributions by Quarter:

Second Quarter 2015 Distributions
Record Date:  06/17/15 Reinvest Date:  06/18/15 Payable Date:  06/18/15
Buffalo Dividend Focus Fund $0.04120635 -- $0.04120635 -- $0.04120635 $14.29

Year - End Distributions:

2014 Year - End Distributions
Record Date:  12/17/14 Reinvest Date:  12/18/14 Payable Date:  12/18/14
Buffalo Flexible Income Fund $0.05335737 $0.02552 $0.05335737 $0.03817 $0.11704737 $14.43
Buffalo Dividend Focus Fund $0.03066401 $0.54808 $0.03066401 $0.10086 $0.67960401 $13.53
Buffalo Large Cap Fund $0.04829253 $0.75190 $0.04829253 $2.00614 $2.80633253 $23.59
Buffalo Growth Fund $0.17825270 $0.28103 $0.17825270 $4.21259 $4.67187270 $33.24
Buffalo High Yield Fund $0.06231962 $0.01584 $0.06231962 $0.10254 $0.18069962 $11.41
Buffalo International Fund $0.06099474 -- $0.06099474 -- $0.06099474 $11.51
Buffalo Mid Cap Fund -- -- -- $2.41814 $2.41814 $17.38
Buffalo Emerging Opportunities Fund -- $0.71582 -- $0.53807 $1.25389 $16.92
Buffalo Small Cap Fund -- -- -- $3.26196 $3.26196 $31.56
Buffalo Discovery Fund -- $0.30280 -- $1.75262 $2.05542 $19.86

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