VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and nine months ended September 30, 2022. Financial Highlights (Unaudited) Net loss was $8,520,121 for the three months ended September 30, 2022 (September 30, 2021 – Net income $75,339,050) primarily the result of negative […]

Highlights The Fund initiated a position in the Twitter acquisition by Elon Musk. While this deal was a relatively bumpy ride, it’s also a great example of the contractual and legal strength of a definitive merger agreement. We believe we are now at the peak of the SPAC maturity cliff. Hundreds of SPACs, which were […]

VANCOUVER, B.C. PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Small Cap Opportunities Fund (the “Fund”) has received an industry award. The Pender Small Cap Opportunities Fund has been recognized as a Refinitiv Lipper Fund Awards Canada 2022 Winner and named the best Canadian Focused Small/Mid Cap Equity Fund over a […]

Highlights There was a significant bounce in most asset classes, as dip buyers emerged following significant repricing from mid-August to mid-October Large macro moves have created pockets of dislocation within credit markets, especially between Investment Grade and High Yield credits We believe that a large driver of the divergence between investment grade and high yield […]

Highlights During October there were some bright spots and some challenges, the latter from lower prices across the investment-grade bond complex reacting to a higher yield curve. Bright spots included our positions in McDermott International, Ltd., PetSmart, Inc. The Fund’s flexible mandate opens up opportunities across a variety of security types (term loans, straight bonds, […]

VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announces that it has entered into a lock-up agreement (the "Lock-Up Agreement") with HUK 121 Limited (the "Offeror") pursuant to which the Company has agreed to tender its 6,886,981 Subordinated Voting Shares of Inscape Corporation (the "Inscape Shares") to the Offeror's proposed take-over bid […]