Pender Value Fund II

The Pender Value Fund II is an equity fund comprising a portfolio of securities which we believe have 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. The Fund was formerly the Vertex Value Fund and its holdings and strategy are now closely aligned with the Pender Value Fund.