VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) — (TSXV:PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three months and nine months ended September 30, 2025.
Financial Highlights
Net loss was $248,441 for the three months ended September 30, 2025 (September 30, 2024 – net income $5,815,990).
Net loss per Class C common share (“Share”) was $0.04 for the three months ended September 30, 2025 (September 30, 2024 – net income per Share $0.80).
The Company’s total shareholders’ equity increased by $27,456, from $123,081,507 at December 31, 2024 to $123,108,963 as at September 30, 2025, due to net income of $1,706,704 primarily a result of positive investment performance, offset by shares repurchased of $1,679,248 under the Company’s Normal Course Issuer Bid (“NCIB”).
Shareholders’ equity was $17.57 per Share as at September 30, 2025 (December 31, 2024 – $17.25).
7,005,729 shares were outstanding as at September 30, 2025 (December 31, 2024 – 7,133,229), a decrease of 127,500 shares as a result of shares repurchase under the NCIB, which was renewed on February 20, 2025.
At September 30, 2025, 60.8% of the investment portfolio was made up of public companies and 39.2% of private companies and Net Assets were 60.3% publicly listed companies, 38.8% private unlisted companies, and 0.9% cash and other assets net of liabilities.
Management Expense Ratio (“MER”) before performance fees was 2.55% for the quarter ended September 30, 2025, 0.16% higher compared to 2.39% in the third quarter of 2024.
PERFORMANCE
(Based on Shareholders’ Equity)
3 Month
1 Year
3 Year