VANCOUVER, B.C., October 31, 2025 - PenderFund Capital Management Ltd. (“Pender”) is delighted to announce that it has been named on the 2025 Best Workplaces in BC list. This honour was bestowed on Pender after thorough, independent analysis undertaken by Great Place to Work®. The list is compiled from direct feedback gathered from employees […]

Dear Unitholders, The Pender Alternative Arbitrage Fund and the Pender Alternative Arbitrage Plus Fund were -0.3% and -0.5% respectively1 in September 2025 while the HFRI ED: Merger Arbitrage Index (USD) returned 0.8%2. Portfolio Update September was another active month for the Fund, characterized by steady deal flow and favourable conditions across both merger and SPAC […]

Vancouver, British Columbia – October 22, 2025 – PenderFund Capital Management Ltd. (“Pender”) announced today that as a result of the Canada Post labour disruption, the special meetings of certain classes of its mutual funds (the “Funds”), originally scheduled for October 31, 2025 have been postponed (the “Postponement”) to November 21, 2025 (the “Meetings”). Pender […]

Market Update It can become somewhat unsettling when it seems everything is working. We normally live in a world of mean reversion and while winning streaks can be fun, they often are followed by a rough patch. That has to be what many investors are feeling these days. Since the ‘Liberation Day’ selloff in April, […]

September was another positive month for equities, with global markets hitting record highs despite ongoing uncertainty. In Canada, the S&P/TSX Composite and Small Cap Index reached new levels, while in the US the S&P 500 and Nasdaq advanced on positive performance in technology. Small caps also participated, with the Russell 2000 up 3.8% in September […]

Macro Backdrop US markets were dominated by macro headlines in September. The government shutdown entered its first week with partisan gridlock, though behind the scenes there are signs of agreement emerging around extending enhanced subsidies for Affordable Care Act (ACA) health-insurance plans. At the same time, the Institute of Supply Management’s services index fell back […]