Highlights The riskiest segments of the high yield market performed the best in November, continuing a trend that started in July. We added to our holdings in Wolf Midstream Canada LP (private) in early December. At this time, we prefer the bonds of larger, higher quality issuers like Hilton (NYSE: HLT) with a much larger […]
Highlights Positive contributors included preferred shares in Fannie Mae and Freddie Mac which, in the wake of the US election, gained over 100%, after which we sold down the position. Gains also came from the successful debt restructuring of Spirit Airlines Inc, Porch Group Inc secured notes, and American Tire Distributors Inc. Detractors included STEM […]
Market cycles, manias, and opportunities. Geoff and Callum revisit the big themes in 2024 and tally which of their 2023 calls went right. They look ahead to 2025 and beyond and discuss the current market cycle, and where opportunities are in Treasuries, commodities and the commercialization of space. A must-listen for professional and regular investors […]
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. […]
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