Pender Growth Fund Inc. (the \u201cCompany\u201d or \u201cPTF\u201d) is pleased to announce that it has been included in the 2022 TSX Venture 50. The ranking is made up of top performing companies across five sectors, with PTF placing in the diversified industries sector based on three equally weighted criteria assessed during 2021: Share price, trading volume and market capitalization. This is the second time the Company has been included in the TSX Venture 50.<\/p>\n
TSX Venture 50 \u2013 Pender Growth Fund Inc. Profile Video:<\/p>\n
https:\/\/vimeo.com\/marketonemediagroup\/review\/673313190\/be8ca619f0<\/a><\/p>\n David Barr, CEO of PTF said, \u201cIt is an honour to be included in the TSX Venture 50. We are also investors in TSX Venture listed companies and several of our holdings have been recognized with this same award over the years. It is because of the continued success of these companies that we have been recognized today so I would like to thank the management teams of our portfolio companies for helping us get here.\u201d<\/p>\n 2021 was an exciting year for the companies within the PTF portfolio. Three private holdings went public: Tantalus Systems Holdings Inc. (TSX: GRID), BuildDirect.com Technologies Inc. (TSXV: BILD), and Copperleaf Technologies Inc. (TSX: CPLF) which achieved unicorn status with its IPO at over a $1 billion valuation. The Company was also pleased to see private technology companies from its portfolio close on successful M&A transactions, which included: One45 Software Inc. (Altus Assessments Inc.), Redlen Technologies Inc. (Canon Inc.), and Teradici Corp. (HP Inc.).<\/p>\n During the past year, the Company also completed the acquisition of the majority of the shares of Working Opportunity Fund (EVCC) Ltd., a BC-based venture capital fund that was subsequently renamed Pender Private Investments Inc.<\/p>\n The Company saw share price appreciation in 2021 from $4.35 on December 31, 2020 to $18.00 a year later. Reporting Net Asset Value per share1<\/sup><\/a> of the Company increased through the year as a result of its portfolio\u2019s performance, from $6.07 on December 31, 2020 to $24.62 a year later.<\/p>\n For the full TSX Venture 50 ranking, methodology and video profiles of the TSX Venture 50 companies visit: tsx.com\/venture50<\/a>.<\/p>\n \u00a0<\/strong><\/p>\n About Pender Growth Fund Inc.<\/strong><\/p>\n 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 based primarily in Canada and the U.S., principally in the technology sector. It trades on the TSX Venture Exchange under the symbol \u201cPTF\u201d and posts its Reporting NAV on its website, generally within five business days of each month end.<\/p>\n Veuillez visiter www.pendergrowthfund.com<\/a>.<\/p>\n Pour plus de renseignements, veuillez communiquer avec :<\/p>\n Tony Rautava \u00a0<\/em><\/p>\n 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 1<\/sup><\/a> \u201cReporting NAV per share\u201d is a non-IFRS measure that the Company uses as a key indicator to evaluate the performance and condition of our business. It represents PTF\u2019s Net Asset Value (\u201cNAV\u201d) per share including the proportionate share of the NAV of Pender Private Investments Inc. (\u201cPPI\u201d). The calculation of Reporting NAV uses two financial measures that are individually recognized under IFRS, assets and liabilities, and adjusts them to include PTF\u2019s proportionate ownership share of PPI\u2019s NAV. PTF acquired its share of PPI\u2019s portfolio at a discount of 43.5% to fair value. Under IFRS, the gain on this acquisition at a discount, is treated as a deferred gain and total shareholders\u2019 equity per share for financial reporting purposes excludes this deferred gain and the deferred gain will be recognized to the extent that it arises from a change in a factor (including time) that market participants would take into account when pricing the investment. The calculation of Reporting NAV does not include potential future taxes associated with unrealized capital gains and from time to time it may reflect valuation discounts that are more conservative than those permitted under IFRS. We believe that Reporting NAV is a useful indicator of the value and condition of our business. Reporting NAV is a non-IFRS financial measure and does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other reporting issuers. Please refer to the Company\u2019s AIF for more information.<\/p>\n Renseignements sur les \u00e9nonc\u00e9s prospectifs <\/strong><\/p>\n 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 www.sedar.com<\/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":0,"template":"","meta":{"_acf_changed":false},"fund-type":[],"news-type":[],"class_list":["post-37099","news","type-news","status-publish","hentry"],"acf":[],"yoast_head":"\n
\n<\/strong>Secr\u00e9taire g\u00e9n\u00e9ral
\nPender Growth Fund Inc.
\n(604) 653-9625
\nSans frais : (866) 377-4743<\/p>\n