Pender honoured at Lipper Fund Awards 2015

VANCOUVER, Nov. 5, 2015 /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 at the Canada Lipper Fund Awards, held in Toronto on November 4, 2015. The Pender Small Cap Opportunities Fund (the "Fund") received the 2015 Lipper Fund Award for Best Canadian Small/Mid Cap Equity Fund over both three and five year performance periods. The Lipper awards recognize consistent strong risk-adjusted performance relative to their peers.

"This award belongs to David Barr and the outstanding investment team at Pender. David is passionate about investing. His focus on business fundamentals and his private equity background have led him to many investment opportunities that were overlooked by others," said Kelly Edmison, President of Pender. "This prestigious award is independent recognition of what we, and our investors, have known all along and we thank them for their continued support."

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.

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About the Lipper Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards and the StarMine Analyst Awards. For more information, please contact or visit

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 Fund standard performance information visit

Please read important disclosures at

SOURCE PenderFund Capital Management Ltd.

For further information: Melanie Moore, Director of Marketing,, Toll Free: 1-866-377-4743,


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