Pender Honoured at Lipper Fund Awards 2016

Awarded for 2nd Consecutive Year

VANCOUVER, Nov. 10, 2016 /CNW/ - PenderFund Capital Management Ltd. ("Pender"), the Manager of the Pender mutual funds, is pleased to announce that it has been recognised for excellence in investing for the second year in a row. At the Canada Lipper Fund Awards, held in Toronto on November 9, 2016, the Pender Small Cap Opportunities Fund (the "Fund") received the 2016 Lipper Fund Award for Best Canadian Focused Small/Mid Cap Equity Fund over both three and five year performance periods. The Fund is consistently the top ranked fund in its category* and the Lipper awards recognize this strong, risk-adjusted performance relative to their peers.

"I'd like to thank the Pender Investment Team," said David Barr, President & CEO of Pender. "We are honoured to receive this award. It is a testament to the success of our unique and disciplined investment process in taking a private equity approach to public markets. Focusing on business fundamentals and not the day-to-day market noise is the driver for strong, long-term performance. Thanks also to our investors. Their continued support is what propels us forwards."

The Fund was launched on June 1, 2009. It is an opportunistic, concentrated portfolio of undervalued small and microcap companies predominantly in Canada. The Manager looks for out-of-favour market-leading businesses with strong underlying economics and management teams. Taking advantage of market inefficiencies, these businesses are purchased with a margin-of-safety, or discount to intrinsic value, to minimise downside risk and provide a longer runway to potential capital appreciation. Portfolio holdings include special situations and M & A candidates.

* www.theglobeandmail/globe-investor

For more information visit www.penderfund.com/lipper-award.

About the Lipper Awards

The Lipper Fund Awards are based on Lipper's proprietary performance-based methodology. For more information, please visit: http://www.lipperfundawards.com.

About PenderFund Capital Management Ltd.

Pender is an independent, employee-owned, value-based investment firm located in Vancouver. 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 a suite of niche investment funds. For more information on Pender and standard performance information for our funds, please visit www.penderfund.com.

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

SOURCE PenderFund Capital Management Ltd.

For further information: please contact: Melanie Moore, Director of Marketing, mmoore@penderfund.com, Toll Free: 1-866-377-4743, www.penderfund.com

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