The Pender Partners Fund, formerly the Vertex Managed Value Portfolio, was acquired from Vertex One Asset Management on December 15, 2019. The Fund is offered privately under an Offering Memorandum, pursuant to prospectus exemptions. The Pender Partners Fund is an equity fund and will mirror the investment strategy of the Pender Value Fund which is a go-anywhere, concentrated portfolio consisting of the “Best Ideas” from the Pender Investment team, including special situations. This is a portfolio of companies with the potential for long term capital appreciation, regardless of market cap or geographical constraints. The objective of the Fund is to achieve capital growth over the long-term for unitholders, while being sufficiently diversified to mitigate volatility, with the potential to benefit from its available inherited tax loses.