VANCOUVER, June 26, 2015 /CNW/ - PenderFund Capital Management Ltd. ("Pender") announces that it has expanded the geographic focus of the Pender Canadian Equity Fund (the "Fund") to include investments in securities outside of Canada. Pender has also adjusted the valuation frequency of the Fund from daily to weekly.
The Fund's investment portfolio is principally comprised of the securities of mature companies that the Fund's portfolio advisor believes will be able to sustain and grow cash flow over the long-term. The investment portfolio may also contain securities of companies that have a high potential for growth.
The portfolio advisor for the Fund is Dixon Mitchell Investment Counsel Inc., a Vancouver-based asset management firm.
The amendment was approved by the Fund's investment review committee and approved by unitholders at a Special Meeting of Unitholders held on May 5, 2015.
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 a suite of niche investment 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