PenderFund is delighted to have sponsored the CFA Society Vancouver’s 45th Annual Dinner on February 9, 2023. We are longstanding supporters of the CFA, and 17 of our team members have earned their Chartered Financial Analyst designations or have completed one or more levels. It was a privilege to hear Amber Kanwar, Margaret Franklin and […]
Highlights After a busy December where we had positioned the Fund to take advantage of the wave of year-end SPAC liquidations, January was an active month as we redeployed proceeds from those liquidations into new deals. The Fund initiated positions in 12 new or previously announced merger deals, with eight merger deals held within the […]
Pender is a proud supporter of Junior Achievement British Columbia, a not-for-profit organization serving B.C. youth for over 65 years. Junior Achievement delivers hands-on, immersive education in work readiness, financial health, and entrepreneurship to the next generation of Canada’s business leaders. Innovation and entrepreneurship are in Pender’s DNA. When we founded Pender in 2003, we […]
VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) announces that it has provided the TSX Venture Exchange (the "TSXV") with its Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") through the facilities of the TSXV, subject to TSXV acceptance. The Company is proposing to put a new NCIB in […]
Highlights January 2023 was the strongest start to the year for credit since 2019 and the second strongest year since 2009. We added or established positions on bonds issued by SECURE Energy Services Inc. (TSX: SES), Superior Plus LP (TSX: SPB) and Keyera Corp. (TSX: KEY). In the new issues market, we participated in bonds […]
Pender a mis au point une sphère de compétence vouée à l’examen et à la compréhension des entreprises à petite capitalisation. À son lancement, Pender était une société à capital de risque investissant dans des actions privées et dans de très petites entreprises cotées en bourse, de là notre expertise dans ce domaine [...]
Highlights Most of the holdings of the Pender Corporate Bond Fund rose as lower benchmark yields coincided with narrowing spreads for corporate bonds. Significant performers included positions in discounted convertible bonds as holdings in Eventbrite Inc., Liberty TripAdvisor Holdings, Inc. and Esperion Therapeutics Inc. each gained in excess of 10%. New positions included recycling an […]
VANCOUVER, B.C. PenderFund Capital Management Ltd. (“Pender”) is pleased to provide some updates for clients of our fixed income investment funds. The Pender Bond Universe Fund (the “Fund”) passed its three-year anniversary on January 31, 2023. After reporting strong performance relative to its category in 2021 and 2022, we are pleased to report that 3-year […]
VANCOUVER, January 26, 2023 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce a successful first close of $50M for the Pender Technology Inflection Fund II (“PTIF II” or “the Fund”). The Fund is managed by Pender Ventures, the technology venture capital arm of Pender. Pender Ventures is targeting $100M for the Fund, and […]
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