Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months ended March 31, 2023. Financial Highlights (Unaudited) Net loss was $3,293,058 for the three months ended March 31, 2023 (March 31, 2022 – Net loss $51,821,705) primarily the result of negative investment performance in the quarter. Net loss […]
Highlights April saw a return to a more normalized merger arbitrage market following a volatile March fraught with regulatory pushback and increased uncertainty due to the regional banking crisis. A benefit of the elevated volatility and regulatory risk was a widening of arbitrage spreads. We continue to see favourable conditions for deal activity in the […]
Geoff Castle and Parul Garg host Sabrina Fox, Founder of Fox Legal Training. The group cover Sabrina’s road to her current position and starting her company, the benefits of “speaking legalese” as well as some cautionary tales and lessons learned. And before you jump to any conclusions, if you think that a discussion of legal covenants in credit might be […]
Greg Malpass, founder of Traction on Demand, joins Maria Pacella, managing partner of Pender Ventures for a lively discussion on his entrepreneurial journey. We are delighted to welcome Greg Malpass, founder of Traction on Demand, to the podcast studio, with host, Maria Pacella. With Traction on Demand having been acquired by SalesForce in 2022, Greg […]
Parul Garg and Geoff Castle cover the complexities of stressed and distressed credit investing, the risks and rewards, the current opportunity and their history and experience in this area. Highlights: Capital priority for credit investors—a key advantage over equity investors. What it really takes to be a great distressed credit investor. Why distressed credit is […]
Highlights The strongest contributors to the Fund were Paratek Pharmaceuticals Inc., Emergent BioSolutions Inc., Esperion Therapeutics Inc., and Bausch Health. Decliners in the Fund included McDermott International Inc., PHI Group Inc., and American Tire Distributors Inc. In April, the Fund added a new position in DISH Network Corporation which is building out an ambitious 5G […]
"*" indicates required fields
