Pender Growth Fund Inc. (the “Company”) 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. The Company is proposing to put a new NCIB in place upon the expiry […]
Highlights A major theme in January was the reopening of the primary market in North American liquid credit, following limited issuance in late 2023. The Pender Alternative Absolute Return Fund selectively participated in new issues in both investment grade and high yield markets. We focused on high-yield bonds with all-in yields of 7% or more, […]
Highlights: Through December and January, the Fund initiated a position in the bonds of Sibanye Stillwater Ltd. which is the largest worldwide pure-play company in the mining and refining of platinum group metals. January saw a selloff in Canadian investment grade bonds and limited gains in high yield indices. Esperion Therapeutics Inc. was the Fund’s […]
As seen in the Globe & Mail on February 2, 2024 (for subscribers only) David Barr talk to Brenda Bouw at The Globe and Mail's Globe Advisor on seeking out growth stocks in a volatile market; his style, the impact of higher interest rates, what he's buying and what he's selling. "One of the key reasons we focus on the small-cap […]
VANCOUVER, B.C., February 2, 2024 - PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that it has been recognized for consistent, risk-adjusted fund outperformance during 2023. The Pender Corporate Bond Fund (“the Fund”), managed by Lead Portfolio Manager Geoff Castle, Portfolio Manager Emily Wheeler, and Associate Portfolio Manager Parul Garg, has received a FundGrade […]
Highlights Positive performance in the Fund during the quarter was driven by by D2L Inc. (TSX: DTOL), Dye & Durham Ltd. (TSX: DND) and KKR and Co L.P (NYSE: KKR), Detractors included Baidu Inc. (Nasdaq: BIDU), Tiny Ltd. (CVE: TINY) and Texas Pacific Land Trust (NYSE: TPL). The Fund increased exposure to Canadian equities to […]
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