VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (“Pender”), the manager of the Pender mutual funds (the “Funds”), announces that the risk rating of Pender Global Focused Fund (“PGFF”) has changed. 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, Pender has determined that the investment risk level of PGFF has changed and the change was reflected in the Funds’ annual simplified prospectus renewal, which was filed on June 28, 2022.
PGFF Risk Rating Change
New Risk Rating
Prior Risk Rating
High for all Classes
Class A, Class E, Class F, Class H, Class I, Class N and Class O: 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@example.com.
The risk rating for each of the Funds is reviewed at a minimum on 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 a suite of differentiated investment funds, exploiting inefficient parts of the investing universe to achieve our goal.
Please read important disclosures at www.penderfund.com/disclaimer.
For further information, please contact:
Vice President of Marketing, PenderFund Capital Management Ltd.
Toll Free: (866) 377-4743