Pender Growth Fund reports strong financial performance with increased equity and strategic acquisitions.

From GlobeNewswire: 2025-04-04 17:00:00

Pender Growth Fund Inc. reported a net income of $55,473,592 for the year ended December 31, 2024, with a net income per Share of $7.61. Total shareholders’ equity increased to $123,081,057 due to positive investment performance. The Management Expense Ratio before performance fees was 2.65% for the year. The Company’s investment portfolio consists of 64.7% public companies, 35.3% private companies, and net assets distributed accordingly. The Company completed the sale of Copperleaf in 2024 and acquired four private technology companies from Pluribus Technologies. The Company continues to find attractive investment opportunities in North American micro and small cap stocks.

In 2024, Pender Growth Fund Inc. achieved a net income of $55,473,592, with a net income per Share of $7.61. The Company’s total shareholders’ equity increased to $123,081,057, with 7,133,229 outstanding shares. The completion of the sale of Copperleaf and the acquisition of four private technology companies from Pluribus Technologies significantly impacted the Company’s portfolio. Management Expense Ratio before performance fees was 2.65% for the year. Additionally, the Company initiated a new Normal Course Issuer Bid to repurchase shares in the market.

Pender Growth Fund Inc. reported a net income of $55,473,592 for the year, with a net income per Share of $7.61. The Company’s total shareholders’ equity increased to $123,081,057, and the Management Expense Ratio before performance fees was 2.65%. The Company completed the sale of Copperleaf and acquired four private technology companies. With a focus on finding attractive investment opportunities, the Company remains well-positioned to pursue its objectives. The Company also launched a new Normal Course Issuer Bid to repurchase shares in the market.



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