VANCOUVER, B.C., November 28, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce the launch of the Pender US Small/Mid Cap Equity Fund, designed to provide investors with access to the compelling investment opportunities in the US small- and mid-cap equity market. Managed by Aman Budhwar, CFA, the Fund seeks to invest in […]
Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and nine months ended September 30, 2024. Financial Highlights (Unaudited) Net income was $5,815,990 for the three months ended September 30, 2024 (September 30, 2023 – Net loss $97,003) due to positive investment performance in the quarter. Net […]
Highlights The Fund initiated positions in 10 new merger deals and 13 deals held within the Fund closed. Capital from closed deals was recycled into new and existing mergers trading at attractive spreads. The Fund holds diverse exposure across sectors, geographies and deal types with a healthy mix of high quality financial and strategic acquisitions. […]
Highlights Credit markets had their second negative month of 2024 in October as government bond yields reversed all the decline of the summer months. Credit spreads continued to grind tighter, with high yield spreads hitting new post 2007 lows in October. Selling activity included positions in Canadian bank low reset Limited Recourse Capital Notes (“LRCNs”) […]
[Vancouver, BC, November 14, 2024] – We are proud to announce the final close of our second venture fund at Pender Ventures, Technology Inflection Fund II LP at over $100M with significant support from Alberta Enterprise Corporation (AEC). This closing represents a significant milestone in our mission to support the growth of resilient, scalable, and diverse […]
PenderFund Capital Management Ltd., as manager of the Pender Small Cap Opportunities Fund (together, “Pender” or “we”), directly or indirectly controls 1,209,184 common shares of Altius Renewable Royalties Corp. (TSX:ARR) (OTCQX:ATRWF) (the “Company”). Further to its press release dated November 5, 2024, Pender re-affirms its intent to file a written objection and notice of dissent […]
VANCOUVER, B.C., November 12, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that Dion Steyn has joined Pender as our Vice President of National Retail Sales. Dion is well known and highly respected within the industry and brings over 35 years of sales and leadership experience to Pender. Most recently, Dion led […]
Highlights Key positive contributors included the secured bonds of Spirit Airlines Inc., Lucid Group Inc., and the preferreds of Fannie Mae and Freddie Mac. Detractors included American Tire Distributors Inc., a small portfolio weight, which filed a surprise Chapter 11. New positions included: Fair Isaac Corp., which provides credit analytics and related software services, and […]
VANCOUVER, B.C., November 7, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Corporate Bond Fund (the “Fund”) has received an LSEG Lipper Fund Award. The Pender Corporate Bond Fund has been recognized at the Lipper Fund Awards Ceremony held in Toronto on November 6, 2024. The Fund swept the […]
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