Dear Co-investors, We sincerely thank you for partnering with us in the Pender Credit Opportunities Fund. We are truly grateful for the trust you have placed in us by allocating your capital to this strategy. The Fund is focused on identifying and investing in securities of financially challenged businesses that are trading below our assessment […]
The Class F units of the Pender Bond Universe Fund were up 2.2%[1] in the first quarter of 2025. The Fund outperformed its benchmark, FTSE/TMX Canada Universe Bond Index, by 0.2% over the period. Almost all of the Fund’s holdings contributed positively in Q1 as the environment for both rates and line-item credit positions was […]
Highlights Molina Healthcare, Inc. (MOH) and Antero Resources Corporation (AR) were top contributors while DigitalBridge Group, Inc. (DBRG) was a top detractor to performance. Initiated new position in Mercury General Corporation (MCY) and The Cooper Companies, Inc. (COO). The S&P MidCap 400 Index posted total returns of -5.47% for the month of March 2025, outperforming […]
Dear Unitholders, The Pender Alternative Absolute Return Fund finished March with a return of 1.2%, bringing year to date returns to 2.0%[1]. Risk assets performed poorly in March as euphoria surrounding Donald Trump’s inauguration was replaced by concern about the potential impact of tariffs on the global economy. The ICE BofA US High Yield Index […]
The Pender Corporate Bond Fund returned -0.4% in March, which was a modest loss in the context of the credit market of that specific period. However, subsequent events, in particular the impact of the April 2 US tariff announcement, render a detailed discussion of March results somewhat insignificant in comparison to addressing developments in recent […]
Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the year ended December 31, 2024. Financial Highlights Net income was $55,473,592 for the year ended December 31, 2024 (December 31. 2023 – Net income $1,029,528) due to positive investment performance during the year. Net income per Class C common share […]
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