Pender Canadian Opportunities Fund

Notice of the Termination of the Pender Canadian Opportunities Fund

Pender intends to terminate the Pender Canadian Opportunities Fund effective December 15, 2019 (the “Termination Date”). Unitholders will not be required to take any action in connection with the termination of the Fund.

Effective today (October 15, 2019), the Fund will be closed to any new purchases excluding existing pre-authorized payment plans, which will continue until the Termination Date. Investors may redeem or switch their investments in the Fund into another Pender mutual fund until the close of business on December 13, 2019. Investors will not be required to pay any redemption fees, short-term trading fees or switch fees upon any redemption or switch of their units or the termination of the Fund. If such redemption or switch instructions are not received by December 13, 2019, unitholders of the Fund on the Termination Date will be paid cash equal to the net asset value of their units in the Fund.

A notice has been sent to each unitholder in the Fund regarding the termination. If you are a unitholder of the Fund we encourage you to consult with your advisor to understand the financial and tax implications of the termination of the Fund and to determine the solution that best suits your investment needs and personal situation.

David Barr

David Barr

President, CEO & Portfolio Manager

Mr. Barr is the President and CEO of Pender. He is also the Portfolio Manager of several of Pender’s funds.

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Amar Pandya

Amar Pandya

Senior Investment Analyst and Associate Portfolio Manager

Mr. Pandya joined Pender in October 2017. He is the Associate Portfolio Manager of the Pender Canadian Opportunities Fund.

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