VANCOUVER, Sept. 9, 2015 PenderFund Capital Management Ltd. ("Pender"), the Manager of the Pender Mutual Funds, announces that further to its news release of September 2, 2015, Pender has also assumed in-house management of the Pender Balanced Fund from Fulcra Asset Management Inc.
In addition, Pender has:
- reduced the management fees of Pender Corporate Bond Fund and revised the Fund's investment strategies;
- changed the name of Pender Balanced Fund to "Pender Strategic Growth and Income Fund" and revised the Fund's investment strategies; and
- changed the name of Pender Canadian Equity Fund to "Pender Canadian Opportunities Fund".
The amendments are further described in Pender's amended and restated Fund Facts and Amendment No. 1 to Pender's Simplified Prospectus and Annual Information Form filed today.
About PenderFund Capital Management Ltd.
Pender is an independent, employee-owned, value-based investment firm located in Vancouver, B.C. Our goal is to create value for our investors by generating superior risk-adjusted returns, while protecting capital and minimizing downside risk.
Pender was founded in 2003 and is the Manager of the Pender Mutual Funds.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE PenderFund Capital Management Ltd.
For further information: Melanie Moore, Director of Marketing, firstname.lastname@example.org, Toll Free: 1-866-377-4743 www.penderfund.com