PenderFund Capital Management Ltd. announces a risk rating
VANCOUVER, British Columbia, June 25, 2021 (GLOBE NEWSWIRE) – PenderFund Capital Management Ltd. (“Waiting“), the Manager of the Pender Funds (the”Funds”), Announces that the risk ratings of the funds listed below have changed. As part of its review of the level of investment risk of its mutual funds and applying the standardized risk classification methodology described in Appendix F of National Instrument 81-102 respecting Investment Funds, the Manager has determined that the investment risk levels of The Funds have changed and these changes have been reflected in the annual renewal of the Simplified Prospectus of the Funds, which was filed on June 25, 2021.
|Funds||New risk rating||Previous risk rating|
|Pender Global Focused Fund (formerly Pender US All Cap Equity Fund)
Class A (US $), Class (US $) and Class N (US $)
|High||Medium to high|
|Pender Small Cap Opportunities Fund||Medium to high||Way|
|Pender Value Fund||Medium to high||Way|
|Pender Value Fund II||High||Medium to high|
A summary of the methodology used by Pender to identify the risk rating of each of the Funds can be found in the Funds’ simplified prospectus available on SEDAR at www.sedar.com. This methodology is also available by calling toll free at 1-866-377-4743 or by emailing [email protected]
The risk rating of each of the Funds is reviewed at least once a year, as well as when a Fund undergoes a material change. No material changes have been made to the investment objectives, strategies or management of the Pender Funds, with the exception of certain changes to the investment objectives of the Pender Global Focused Fund and the Pender Special Situations Fund (formerly Pender Strategic Investment Fund) and certain related changes that were implemented on June 25, 2021. For more information on these changes, please see the press release and material change report dated June 25, 2021 in respect of these Funds. The above change in the risk rating of the Pender Global Focused Fund is the result of an annual review and not of changes in its investment objectives or strategies.
About PenderFund Capital Management Ltd.
Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow the wealth of our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage our range of differentiated investment funds, tapping into inefficient parts of the investment universe to achieve our goal. . For more information on Pender and for information on the standard performance of our funds, please visit www.penderfund.com or www.fondspender.com.
Please read the important information at www.penderfund.com/disclaimer. For more information please contact:
Vice President, Marketing
Toll free: 1-866-377-4743