PenderFund receives industry recognition for strong long-term, risk-adjusted returns with the 2024 LSEG Lipper Fund Award

VANCOUVER, British Columbia, Nov. 7, 2024 (GLOBE NEWSWIRE) — PenderFund Capital Management Ltd. (“Pender”) is pleased to announce that the Pender Corporate Bond Fund (the “Fund”) has received an LSEG Lipper Fund Award.

The Pender Corporate Bond Fund was recognized at the Lipper Fund Awards Ceremony on November 6, 2024 in Toronto. The fund won the High Yield Fixed Income category and won awards in the three-, five- and 10-year performance periods. The awards are based on objective, quantitative criteria and LSEG Lipper's methodology can be viewed here. This is the third time the fund has won a Lipper Award and is the sixth industry award the fund has won in the last seven years.

The Pender Corporate Bond Fund is an income fund whose management aims to preserve capital while generating returns opportunistically. Geoff Castle, Lead Portfolio Manager, Fixed Income, has managed the fund since 2015. In addition to Geoff, the portfolio is managed by Emily Wheeler, Portfolio Manager, and Parul Garg, Associate Portfolio Manager. The fund focuses on key credit characteristics – coverage, seniority and duration. It is based on bottom-up fundamental analysis and seeks to use its flexible size to invest in a wide range of fixed income asset opportunities across multiple sectors, something other large or index-based funds cannot do.

“We are delighted to receive this award, which recognizes our team's excellent judgment in evaluating credit opportunities over the years,” said Geoff Castle, senior fixed income portfolio manager at Pender. “It is also evidence that our investment process here at is continually improving.” Pender. We believe our robust process will continue to replicate the positive results we have achieved to date with the Pender Corporate Bond Fund.”

“I would also like to congratulate and recognize Pender’s talented, hard-working fixed income investment team, all of whom contributed to this award,” said David Barr, CEO of Pender. “The Pender Corporate Bond Fund is an example of Pender's commitment to providing unique, high-quality investment opportunities that deliver consistent returns and effectively manage risk. Congratulations to Geoff, 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 – Pender Corporate Bond Fund Class U (Trophy)

5 years – Pender Corporate Bond Fund Class U (certificate)

10 years – Pender Corporate Bond Fund Class F (certificate)

About PenderFund Capital Management Ltd.

Founded in 2003, Pender is an independent, employee-owned investment firm based in Vancouver, British Columbia. Our goal is to protect and grow our investors' wealth over time. We have a talented investment team of experienced analysts, security selectors and independent thinkers who actively manage a range of differentiated mutual funds and leverage inefficient parts of the investment universe to achieve our objective. Please visit www.penderfund.com.

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

Please read important disclosures at www.penderfund.com/disclaimer.

About the LSEG Lipper Awards

With a track record of over 50 years of independent content, Lipper is the go-to source for fund performance research, providing world-class data, fund ratings, analytical tools and global commentary across specialized product offerings.

For more than three decades, these awards have recognized funds and fund management firms for consistently strong three-, five- and 10-year risk-adjusted performance relative to their peers. Based on Lipper's quantitative, proprietary methodology, the awards reflect a truly independent and uncompromising assessment of fund performance.

For further information please contact:

Melanie Moore

Vice President of Marketing, PenderFund Capital Management Ltd.

(email protected)

(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 laws. Forward-looking statements are often identified by words such as “expects” or “proposed” and other similar words or statements about certain events or conditions “may” or “will” occur. These statements are only predictions based on the manager's opinions and estimates as of the date such statements are made and are subject to a number of risks and uncertainties and other factors that could cause actual events or results to differ materially may differ from those projected in the forward-looking statements.