PenderFund Receives Industry Recognition for Strong Long-Term, Risk-Adjusted Returns with 2024 LSEG Lipper Fund Award

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VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — PenderFund Capital Management Ltd. (“Pender”) announces that the Pender Corporate Bond Fund (the “Fund”) has been awarded the LSEG Lipper Fund Award.

The Pender Corporate Bond Fund was honored at the Lipper Fund Awards held in Toronto on November 6, 2024. The fund swept the high-yield fixed income category, earning recognition in the three-, five- and 10-year performance periods. Awards are based on objective and quantitative criteria and can be found on the LSEG Lipper methodology here. This is the third time that the Fund has won the Lipper Award, and it is the sixth industry award that the Fund has won in the past seven years.

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The Pender Corporate Bond Fund is an income fund managed to preserve capital, as well as opportunistically generate returns. Jeff Castle, Lead Portfolio Manager for Fixed Income, has managed the fund since 2015. Along with Jeff, the portfolio is managed by Emily Wheeler, Portfolio Manager, and Parul Garg, Assistant Portfolio Manager. The fund focuses on key credit characteristics – coverage, seniority and duration. It is driven by bottom-up fundamental analysis and seeks to use its intelligent size to invest in a broad range of multi-sector fixed income asset opportunities that other large-cap or index-based funds cannot do.

“We are pleased to receive this award that recognizes the excellent judgments our team has made in evaluating credit opportunities over the years,” said Jeff Castle, Pender’s Principal Portfolio Manager of Fixed Income. “It is also a testament to the investment process we are constantly improving here at Pender. We believe that our sound process will make the positive results we have seen to date in the Pender Corporate Bond Fund replicable in the future.”

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“I would also like to congratulate and recognize the talented and hard-working fixed income investment team at Pender who all contributed to this award,” said David Barr, CEO of Pender. “The Pender Corporate Bond Fund exemplifies Pender’s commitment to creating unique, high-quality investment opportunities that provide consistent returns and effectively manage risk. Congratulations to Jeff, Emily, Parul and the entire fixed income team on this well-deserved recognition.”

The winning share classes in the High Yield Fixed Income category are as follows:
3 Years – Series U Corporate Bond Fund (Award)
5 Years – Grade U Corporate Bond Fund (Certificate)
10 Years – Series F Corporate Bond Fund (Certificate)

About Benderfund Capital Management Limited

Founded in 2003, Pender 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, stock selectors and independent thinkers who actively manage a portfolio of diversified investment funds, exploiting inefficient parts of the investment world to achieve our goal. Please visit www.penderfund.com.

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For benchmark performance information and to learn more about the Pender Corporate Bond Fund, visit penderfund.com/pender-corporate-bond-fund/

Please read the important disclosures in www.penderfund.com/disclaimer.

About the LSEG Libre Awards

With a track record of more than 50 years of independent content, Lipper is the preferred source for fund performance research, providing premium data, fund ratings, analytical tools and global commentary through specialized product offerings.

For more than three decades, these awards have recognized funds and fund management companies for their strong three-, five- and ten-year risk-adjusted performance relative to their peers. Based on Lipper’s quantitative methodology, the awards reflect a complete, independent evaluation of the fund’s performance.

For more information, please contact:

Melanie Moore

Vice President of Marketing, PenderFund Capital Management Ltd.
mmoore@penderfund.com
(604) 688-1511
Toll free: (866) 377-4743

Forward-looking information

This press release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are often characterized by words such as “expect”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are just expectations. Forward-looking statements are based on the opinions and estimates of the director on the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

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