$'s in millions except for values per CNNE share (1)
March 28, 2024
Company
Other investments and assets, net
Amount(5)
Debt
Holding company cash and short-term investments
Current Ownership
69.0M shares or ~16%
TOTAL
1. Per share amounts based upon 72.5M Cannae shares outstanding at date of report
Initial Year InvestedCost of Investment
Gross Fair Value
("FV")(4)
$
663.6
$
693.2
2. Excluding Dayforce, "Fees" represents carried interest (CI) on hypothetical disposition at FV. Upon achieving an 8% IRR hurdle, the CI is 15% on the portion that is 1.0x - 2.0x MOIC and 20% on the portion exceeding 2.0x MOIC. DAY ISIP fees are 10% of gain above $29.58 per share
3. Tax rate of 21%
4. DNB, DAY, PSFE, ALIT, SST: public company filings and market data as of date noted above; all others estimated at last marks or at cost
5. Net of estimated carried interest and tax expense of a hypothetical disposition at FV. May result in a tax benefit in the event an investment's cost exceeds FV
6. Cost of DNB investment includes $460M cash investment and $204M imputed value of shares received on 2/15/22 from the Optimal Blue transaction
Per CNNE Share(1)
$
675.0
$
9.32
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Cannae Holdings Inc. published this content on
28 March 2024 and is solely responsible for the information contained therein. Distributed by
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28 March 2024 23:20:20 UTC.
Cannae Holdings, Inc. is a diversified holding company, which is engaged in acquiring interests in operating companies and are actively engaged in managing and operating a core group of those companies. The Company operates through its wholly owned subsidiary, Cannae Holdings, LLC (Cannae LLC). Its segments include Restaurant Group, Dun & Bradstreet (D&B), Black Knight Football and Entertainment (BKFE), Alight, and Corporate and Other. Its Dun & Bradstreet segment offers business decisioning data and analytics and support its clientâs mission critical business operations by providing proprietary and curated data. Alight segment provides cloud-based integrated digital human capital and business solutions. BKFE is focused on building a global network of world-class football clubs, players, and real estate assets that will produce operational synergies, accelerate player development. Restaurant Group segment consists of its operations of O'Charley's and 99 Restaurants.
CANNAE HOLDINGS, INC. 
