PenderFund Capital Management Information

Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage our suite of niche investment funds, exploiting inefficient parts of the investing universe to achieve our goal. We believe that small and nimble funds, such as ours, can be opportunistic, accessing unique investment opportunities that are potentially rewarding for investors. We believe that funds with concentrated portfolios of value‐based investments have the potential to generate superior long‐term, risk‐adjusted returns. We believe that managers who have their own financial interests aligned with those of investors show greater conviction and act with heightened vigilance of both risks and opportunities. We believe that a diverse and inclusive team drives more rounded conversations, leading to better decision making for our funds.