Le Lézard
Classified in: Business
Subject: ACC

PenderFund Capital Management Ltd. Announces Risk Rating Change on Certain Pender Funds


VANCOUVER, June 27, 2019 /CNW/ - PenderFund Capital Management Ltd. ("Pender"), the Manager of the Pender Funds (the "Funds"), announced today that the risk ratings of the funds listed below will change effective on or about June 26, 2019. As part of its review of the investment risk level of its mutual funds, and applying the standardized risk classification methodology as set out in Appendix F to National Instrument 81 - 102 Investment Funds, the Manager has determined that the investment risk levels of the Funds have changed and will be reflected in the Funds' annual simplified prospectus renewal, which was filed on June 26, 2019.

Funds with Lower Risk Rating

Fund

New Risk Rating

Prior Risk Rating

Pender Canadian Opportunities Fund

Low to Medium

Medium

Pender Strategic Growth and Income Fund

Low to Medium

Medium

Pender US All Cap Equity Fund
Class A (US$) and Class F (US$)

Medium

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 1-866-377-4743 or sending an email to [email protected].

The risk rating for each of the Funds is reviewed at a minimum of an annual basis, 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.

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 wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage our suite of niche investment funds, exploiting inefficient parts of the investing universe to achieve our goal. For more information on Pender and for standard performance information on our funds, please visit www.penderfund.com or www.fondspender.com.

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

SOURCE PenderFund Capital Management Ltd.


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