PenderFund Capital Management Ltd. Announces Risk Rating Change on Pender Corporate Bond Fund and Investment Team Updates

VANCOUVER, British Columbia, June 28, 2024 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (“Pender”), the manager of the Pender mutual funds (the “Funds”), announces that the risk rating of the class CAD$ units of Pender Corporate Bond Fund (“PCBF”) have changed. As part of its review of the investment risk level of its mutual funds and applying the standardized risk classification methodology as set out in Appendix F to National Instrument 81- 102 – Investment Funds, Pender has determined that the investment risk levels of the class CAD$ units of PCBF have changed and the changes were reflected in the Funds’ annual simplified prospectus renewal, which was filed on June 28, 2024. Read More