{"id":71639,"date":"2025-11-26T15:00:13","date_gmt":"2025-11-26T23:00:13","guid":{"rendered":"https:\/\/penderfund.com\/?post_type=news&#038;p=71639"},"modified":"2025-11-26T15:00:13","modified_gmt":"2025-11-26T23:00:13","slug":"pender-growth-fund-provides-financial-highlights-and-company-updates-november-2025","status":"publish","type":"news","link":"https:\/\/penderfund.com\/fr\/news\/pender-growth-fund-provides-financial-highlights-and-company-updates-november-2025\/","title":{"rendered":"Pender Growth Fund Provides Financial Highlights and Company Updates"},"content":{"rendered":"<p><strong>Vancouver, C.-B. (TSXV : PTF) <\/strong>Pender Growth Fund Inc. (the \u201cCompany\u201d) today announced its financial and operational results for the three months and nine months ended September 30, 2025.<\/p>\n<p><strong>Faits saillants financiers<\/strong><\/p>\n<ul>\n<li>Net loss was $248,441 for the three months ended September 30, 2025 (September 30, 2024 \u2013 net income $5,815,990).<\/li>\n<li>Net loss per Class C common share (\u201cShare\u201d) was $0.04 for the three months ended September 30, 2025 (September 30, 2024 \u2013 net income per Share $80).<\/li>\n<li>The Company\u2019s total shareholders\u2019 equity increased by $27,456, from $123,081,507 at December 31, 2024 to $123,108,963 as at September 30, 2025, due to net income of $1,706,704 primarily a result of positive investment performance, offset by shares repurchased of $1,679,248 under the Company\u2019s Normal Course Issuer Bid (\u201cNCIB\u201d).<\/li>\n<li>Shareholders\u2019 equity was $17.57 per Share as at September 30, 2025 (December 31, 2024 \u2013 $17.25).<\/li>\n<li>7,005,729 shares were outstanding as at September 30, 2025 (December 31, 2024 \u2013 7,133,229), a decrease of 127,500 shares as a result of shares repurchase under the NCIB, which was renewed on February 20, 2025.<\/li>\n<li>At September 30, 2025, 8% of the investment portfolio was made up of public companies and 39.2% of private companies and Net Assets were 60.3% publicly listed companies, 38.8% private unlisted companies, and 0.9% cash and other assets net of liabilities.<\/li>\n<li>Management Expense Ratio (\u201cMER\u201d) before performance fees was 2.55% for the quarter ended September 30, 2025, 0.16% higher compared to 39% in the third quarter of 2024.<\/li>\n<\/ul>\n<table width=\"543\">\n<tbody>\n<tr>\n<td width=\"163\"><strong>RENDEMENT <\/strong><\/p>\n<p><strong>(bas\u00e9 sur les capitaux propres)<\/strong><\/td>\n<td width=\"76\"><strong>3 mois<\/strong><\/td>\n<td width=\"76\"><strong>1 an<\/strong><\/td>\n<td width=\"76\"><strong>3 ans<\/strong><\/td>\n<td width=\"76\"><strong>5 Year<\/strong><\/td>\n<td width=\"76\"><strong>Depuis la cr\u00e9ation<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"163\">Cat\u00e9gorie C<\/td>\n<td width=\"76\">0.0%<\/td>\n<td width=\"76\">16.3%<\/td>\n<td width=\"76\">18.9%<\/td>\n<td width=\"76\">28.4%<\/td>\n<td width=\"76\">20.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Faits saillants du portefeuille <\/strong><\/p>\n<p>Public equity markets delivered strong gains in the third quarter of 2025, reaching record highs despite ongoing macroeconomic uncertainty. In Canada, both the S&amp;P\/TSX Composite and TSX Small Cap indices hit new peaks, advancing 12.7% and 20.9%, respectively. U.S. equities also performed well, with the S&amp;P 500 Index (CAD) and Russell 2000 Index (CAD) finishing up 10.5% and 14.9% respectively in the quarter \u2014supported by real earnings growth after a year of solid performance, expectations of rate cuts and attractive relative valuations. Valuations across markets remain stretched, and resilient inflation alongside limited rate relief could challenge equities.<\/p>\n<p>Global M&amp;A activity accelerated through the quarter, with year-to-date announced deal value reaching $2.6 trillion, up 28% versus the same period last year and the strongest first three quarters for dealmaking since 2021, according to data from the London Stock Exchange Group. This rebound has been driven by renewed confidence among corporate boards and greater regulatory clarity. Interestingly, while deal value rose, the number of transactions declined by 7% to a five-year low of just under 37,000, reflecting a more challenging environment for small- and mid-cap transactions amid earlier tariff disruptions.<\/p>\n<p>Investment results may be affected by future developments and new information that may emerge about broad economic conditions, inflation, central bank measures, geopolitical risks, market risk, unexpected judicial or regulatory proceedings and other global events, factors that are beyond the Company\u2019s control.<\/p>\n<p>While macro events have driven investor sentiment, we have remained focused on our bottom-up fundamental research to identify companies that can thrive in a wide range of economic scenarios.\u00a0We believe that this environment provides compelling opportunities for long-term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.<\/p>\n<p>As always, this quarter we worked closely with our private portfolio companies and certain of our public portfolio companies.<\/p>\n<p><em>Autres faits saillants<br \/>\n<\/em>We continued to acquire shares of the Company in the market under our NCIB because we believe the shares are trading at a discount to their intrinsic value. On February 20, 2025, the Company launched a new NCIB, under which the Company may purchase a maximum of 587,342 shares, or 10% of the Company\u2019s public float on launch date, during the one-year period ending February 19, 2026.<\/p>\n<p>We encourage you to refer to the Company\u2019s MD&amp;A and quarterly unaudited financial statements for September 30, 2025, the annual audited financial statements for the year-ended December 31, 2024, and other disclosures available under the Company\u2019s profile at <a href=\"http:\/\/www.sedarplus.c\">www.sedarplus.c<\/a>a for additional information.<\/p>\n<p><strong>\u00c0 propos de la soci\u00e9t\u00e9<br \/>\n<\/strong>Pender Growth Fund Inc is an investment firm. Its investment objective is to achieve long-term capital growth. The Company utilizes its small capital base and long-term horizon to invest in unique situations, primarily small cap, special situations, and illiquid public and private companies. The firm invests in public and private companies principally in the technology sector. It trades on the TSX Venture Exchange under the symbol \u201cPTF\u201d and posts its NAV on its website, generally within five business days of each month end.<\/p>\n<p>Veuillez visiter <a href=\"http:\/\/www.pendergrowthfund.com\">www.pendergrowthfund.com<\/a>.<\/p>\n<p>Pour plus de renseignements, veuillez communiquer avec :<\/p>\n<p><strong>Tony Rautava<br \/>\n<\/strong>Secr\u00e9taire g\u00e9n\u00e9ral<br \/>\nPender Growth Fund Inc.<br \/>\n(604) 653-9625<br \/>\nSans frais : (866) 377-4743<br \/>\n<em>Ni la Bourse de croissance TSX ni son fournisseur de services de r\u00e9glementation (tel que ce terme est d\u00e9fini dans les politiques de la Bourse de croissance TSX) n\u2019acceptent de responsabilit\u00e9 quant \u00e0 la pertinence ou \u00e0 l\u2019exactitude du pr\u00e9sent communiqu\u00e9 de presse.<\/em><\/p>\n<p><strong>Renseignements sur les \u00e9nonc\u00e9s prospectifs <\/strong><\/p>\n<p>Ce communiqu\u00e9 de presse peut contenir des \u00e9nonc\u00e9s prospectifs (avec le sens qu\u2019on leur accorde dans les lois sur les valeurs mobili\u00e8res en vigueur) relatifs \u00e0 la soci\u00e9t\u00e9 et au contexte dans lequel elle exploite. Les \u00e9nonc\u00e9s prospectifs se reconnaissent habituellement \u00e0 l\u2019emploi de termes et expressions comme \u00ab\u2009croire\u2009\u00bb, \u00ab\u2009pr\u00e9voir\u2009\u00bb, \u00ab\u2009anticiper\u2009\u00bb, \u00ab\u2009avoir l\u2019intention de\u2009\u00bb, \u00ab\u2009estimer\u2009\u00bb, \u00ab\u2009planifier\u2009\u00bb et \u00ab\u2009pouvoir\u2009\u00bb, \u00ab\u2009\u00e9valuer\u2009\u00bb et de verbes au futur ou au conditionnel, et autres expressions comparables. Ces \u00e9nonc\u00e9s s\u2019appuient sur les attentes, estimations, pr\u00e9visions et projections de la soci\u00e9t\u00e9 et comprennent, sans toutefois s\u2019y limiter, les \u00e9nonc\u00e9s portant sur la diminution des risques des portefeuilles de la soci\u00e9t\u00e9, ainsi que leurs occasions de placement futures. Les \u00e9nonc\u00e9s prospectifs dans le pr\u00e9sent communiqu\u00e9 de presse sont \u00e9mis sur la base de certaines hypoth\u00e8ses\u202f: le rendement futur n\u2019est pas garanti et suppose des risques et des incertitudes qui sont difficiles \u00e0 contr\u00f4ler ou pr\u00e9voir. Un certain nombre de facteurs pourraient faire en sorte que les r\u00e9sultats r\u00e9els diff\u00e8rent consid\u00e9rablement des r\u00e9sultats discut\u00e9s dans les \u00e9nonc\u00e9s prospectifs, y compris, sans toutefois s\u2019y limiter, les facteurs mentionn\u00e9s dans la section \u00ab\u2009Facteurs de risque\u2009\u00bb de la notice annuelle de la soci\u00e9t\u00e9, offerte sur le site <a href=\"http:\/\/www.sedarplus.c\">www.sedarplus.c<\/a>a. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.<\/p>","protected":false},"featured_media":69334,"template":"","meta":{"_acf_changed":false},"fund-type":[],"news-type":[70],"class_list":["post-71639","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-pender-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pender Growth Fund Provides Financial Highlights and Company Updates - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/penderfund.com\/fr\/news\/pender-growth-fund-provides-financial-highlights-and-company-updates-november-2025\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pender Growth Fund Provides Financial Highlights and Company Updates\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the \u201cCompany\u201d) today announced its financial and operational results for the three months and nine months ended September 30, 2025. Financial Highlights Net loss was $248,441 for the three months ended September 30, 2025 (September 30, 2024 \u2013 net income $5,815,990). 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