Class Fund Codes Description MER* Minimum Investment: Initial/[Subsequent] A PGF 2100 Front End 1.97% $5,000 / [$100] F PGF 2110 Fee Based 1.35% $5,000 / [$100] H PGF 2140 Front End – HNW 1.89% $100,000 / [$100] I PGF 2150 Fee Based – HNW 1.11% $100,000 / [$100] * MERs are as of 2022-06-30
Class Fund Codes Description Management Fee Admin Fee Minimum Investment: Initial/[Subsequent] A (US$) PGF 2101 Front End 1.80% 0.50% $5,000 / [$100] F (US$) PGF 2111 Fee Based 0.80% 0.50% $5,000 / [$100] H (US$) PGF 2141 Front End – HNW 1.50% 0.50% $100,000 / [$100] I (US$) PGF 2151 Fee Based – HNW 0.65% 0.50% $100,000 / [$100] Asset Class: Alternative Merger Arbitrage Inception Date: September 8, 2021 Risk Rating: Low Valuation Frequency: Daily Distributions: Annually in December Performance Fee: 15% of the amount by which the total return of the class of units exceeds its high-water mark Portfolio Manager: Amar Pandya, CFA Know your product
Pender Alternative Arbitrage Fund – December 31, 2022
Resources
Monthly
Pender Alternative Arbitrage Fund – Profile Sheet – Class F
Annual (POS)
- Pender Alternative Arbitrage Fund – Fund Facts – CAD (Class A)
- Pender Alternative Arbitrage Fund – Fund Facts – USD (Class A)
- Pender Alternative Arbitrage Fund – Fund Facts – CAD (Class F)
- Pender Alternative Arbitrage Fund – Fund Facts – USD (Class F)
- Pender Alternative Arbitrage Fund – Fund Facts – CAD (Class H)
- Pender Alternative Arbitrage Fund – Fund Facts – USD (Class H)
- Pender Alternative Arbitrage Fund – Fund Facts – CAD (Class I)
- Pender Alternative Arbitrage Fund – Fund Facts – USD (Class I)
Annual (POS) (Arbitrage Plus)
- Pender Alternative Arbitrage Plus Fund – Fund Facts CAD (Class A)
- Pender Alternative Arbitrage Fund – Fund Facts USD (Class A)
- Pender Alternative Arbitrage Plus Fund – Fund Facts CAD (Class F)
- Pender Alternative Arbitrage Plus Fund – Fund Facts USD (Class F)
- Pender Alternative Arbitrage Plus Fund – Fund Facts CAD (Class H)
- Pender Alternative Arbitrage Plus Fund – Fund Facts USD (Class H)
- Pender Alternative Arbitrage Plus Fund – Fund Facts CAD (Class I)
- Pender Alternative Arbitrage Plus Fund – Fund Facts USD (Class I)
For More Visit: Legal & Financial
The Latest
Alternative Arbitrage – December 2022
HIGHLIGHTS The Fund’s positive performance was driven by proceeds from several SPAC liquidations and redemptions, tightening of some wide-spread merger arbitrage deals, and the closing of several merger deals. The Fund had its highest positioning in SPACs since inception to benefit from a wave of early liquidations or redemptions with much of that capital redeployed into merger arbitrage deals. The Fund initiated positions in nine new or previously announced merger deals, and six merger deals held within the Fund closed. Fund holding Shaw Communications Inc. (TSX: SJR.B), which is being acquired by Roger Communications Inc. (TSX: RCI.B), was a key…
Standard Performance Data is subject to important disclosures set out in our Disclaimer
Amar Pandya
Portfolio Manager
Amar Pandya is a Portfolio Manager at Pender. He joined the company in October 2017.
