The Pender Alternative Arbitrage Fund (PAAF) ended the month of July 2022 with a NAV of $10.30 per unit[1]. Download PDF The first seven months of 2022 saw $2.3T of deals announced globally, the fourth highest year-to-date total on record2. M&A activity was down 62% in July, totalling $200.8B of deals announced, likely driven by […]

Fellow unit holders, In a reversal of the weak equity market performance in the first half of the year, markets posted a strong rebound in July. The macro environment was again in focus with a slightly dovish turn in central bank policy, the potential for a soft economic landing and investors anticipating a peak in […]

VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and six months ended June 30, 2022. Financial Highlights (Unaudited) Net loss was $58,521,457 for the three months ended June 30, 2022 (June 30, 2021 – Net income $9,852,226) primarily the result of negative […]

Dear Unitholders, The Pender Alternative Absolute Return Fund finished July with a unit price of $9.81 and distributions of $0.04 per unit[1]. Download PDF July 2022 saw a strong rebound across most asset classes following a historically weak first half of 2022. The ICE BofA US High Yield Index returned 6.02%, the best monthly return […]

For the three months ending July 31, the Fund generated a small but positive return of 0.1%[1], breaking the string of negative quarters that have resulted from the aggressive rate hiking cycle the Fed and other central banks have embarked upon to control inflation. While this outcome was somewhat less than benchmark returns, the key […]

VANCOUVER, B.C. (TSXV: PTF) Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to report that long time holding D-Wave Systems Inc. (“D-Wave”) has recently announced the completion of its previously announced intention to list publicly via a business combination with DPCM Capital, Inc. (“DPCM Capital”), a publicly traded special purpose acquisition company. On […]