{"id":72588,"date":"2026-02-17T10:29:00","date_gmt":"2026-02-17T18:29:00","guid":{"rendered":"https:\/\/penderfund.com\/?post_type=news&#038;p=72588"},"modified":"2026-02-17T10:29:00","modified_gmt":"2026-02-17T18:29:00","slug":"pender-growth-fund-provides-notice-of-its-intention-to-undertake-normal-course-issuer-bid-5","status":"publish","type":"news","link":"https:\/\/penderfund.com\/fr\/news\/pender-growth-fund-provides-notice-of-its-intention-to-undertake-normal-course-issuer-bid-5\/","title":{"rendered":"Pender Growth Fund Provides Notice of its Intention to Undertake Normal Course Issuer Bid"},"content":{"rendered":"<p><strong>Vancouver, C.-B. (TSXV : PTF) <\/strong>Pender Growth Fund Inc. (the \u201cCompany\u201d) 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.<\/p>\n<p>The Company is proposing to put a new NCIB in place upon the expiry of the NCIB it launched last February because, in the opinion of its board of directors, the market price of its Class C common shares (the \"Shares\"), from time to time, may not fully reflect the underlying value of the Company and its future growth prospects. The Company believes that in such circumstances, the outstanding Shares represent an appealing investment option since a portion of the Company's cash balance can be invested for an attractive risk adjusted return through the NCIB. The board of directors of the Company believes that the proposed purchase of Shares under the NCIB will enhance shareholder value, is in the best interests of the Company, and is an appropriate use of corporate funds.<\/p>\n<p>As of January 30, 2026, the Company had\u00a06,881,121 Shares outstanding, of which\u00a05,856,814 Shares represent the Company's public float. Under TSXV policies, the Company is entitled to purchase up to the maximum of 585,681 Shares, representing 10% of the Company\u2019s public float, over the 12-month period that the NCIB will be in place.<\/p>\n<p>Shares acquired by the Company under the NCIB will be purchased at the market price at the time of purchase and will be purchased on behalf of the Company by Ventum Financial Corp. (\"Ventum\"), the Company's broker in connection with the NCIB. All purchases will be made in accordance with the rules and policies of the TSXV.<\/p>\n<p>The Company also announces that it has entered into an automatic share purchase plan (the \"Plan\") with Ventum in order to facilitate repurchases of its Shares under the NCIB. Under the Plan, Ventum may purchase common shares under the NCIB at times when the Company would ordinarily not be permitted to do so, due to regulatory restrictions or self-imposed blackout periods. Purchases under the Plan will be made by Ventum based upon parameters prescribed by the TSXV, applicable Canadian securities laws and the terms of the Plan.<\/p>\n<p>Subject to TSXV acceptance of the NCIB, it will commence on February 20, 2026 and will end on February 19, 2027, or such earlier date as the Company completes its maximum purchases under the NCIB, or otherwise in accordance with the terms of the Plan. All Shares purchased by the Company will be purchased on the open market through the facilities of the TSXV by Ventum acting on behalf of the Company in accordance with the policies of the TSXV and will be surrendered by the Company to its transfer agent for cancellation and will be returned to the Company's treasury. The prices that the Company will pay for Shares purchased will be the market price of the Shares at the time of purchase. The Company reserves the right to terminate the NCIB earlier if it feels it is appropriate to do so.<\/p>\n<p><strong>\u00c0 propos de la soci\u00e9t\u00e9<\/strong><\/p>\n<p>Pender Growth Fund aims to achieve long-term capital appreciation for its investors. 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 Company trades on the TSX Venture Exchange under the symbol \u201cPTF\u201d. The Company posts its Reporting 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>Gestion de capital PenderFund lt\u00e9e<br \/>\n(604) 653-9625<br \/>\nSans frais : (866) 377-4743<\/p>\n<p><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.ca\">www.sedarplus.ca<\/a>. Rien ne garantit que ces \u00e9nonc\u00e9s prospectifs seront justes, car les r\u00e9sultats r\u00e9els peuvent nettement diff\u00e9rer de ceux pr\u00e9vus dans de tels \u00e9nonc\u00e9s. \u00c0 cet \u00e9gard, le lecteur ne doit pas se fier ind\u00fbment \u00e0 tout \u00e9nonc\u00e9 prospectif. Qui plus est, ces \u00e9nonc\u00e9s prospectifs sont \u00e9mis en date de ce communiqu\u00e9 de presse et, sauf lorsque la loi en vigueur l\u2019exige express\u00e9ment, la soci\u00e9t\u00e9 n\u2019est pas tenue de faire une mise \u00e0 jour publique ou de r\u00e9viser tout \u00e9nonc\u00e9 prospectif, que ce soit \u00e0 la suite d\u2019une nouvelle information, d\u2019\u00e9v\u00e9nements futurs ou de toute autre raison.<\/p>","protected":false},"featured_media":69334,"template":"","meta":{"_acf_changed":false},"fund-type":[],"news-type":[70],"class_list":["post-72588","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 Notice of its Intention to Undertake Normal Course Issuer Bid - 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-notice-of-its-intention-to-undertake-normal-course-issuer-bid-5\/\" \/>\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 Notice of its Intention to Undertake Normal Course Issuer Bid\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the \u201cCompany\u201d) announces that it has provided the TSX Venture Exchange (the &quot;TSXV&quot;) with its Notice of Intention to make a Normal Course Issuer Bid (the &quot;NCIB&quot;) through the facilities of the TSXV, subject to TSXV acceptance. 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