Pender Growth Fund Q1 2026 Results

Pender Growth Fund Inc. announced its financial and operational results for the three months ended March 31, 2026. The company reported a net loss of $528,121, a significant reduction from the previous year, and a decrease in total shareholders' equity to $114,098,702, primarily due to the net loss and share repurchases under its Normal Course Issuer Bid (NCIB). The company's investment portfolio is comprised of both publicly listed and private companies, with a focus on long-term, value-oriented strategies. A notable highlight was the announcement by General Fusion Inc., a private holding, of a definitive business combination agreement expected to lead to its listing on the Nasdaq-100 in mid-2026. Pender Growth Fund also discussed the broader market environment, noting volatility due to geopolitical tensions involving Iran and challenges in the software sector, while maintaining an active approach to portfolio management and continuing its NCIB.