Pender Real Estate Credit Fund (PNDAX)

Fund Assets	n/a
Expense Ratio	n/a
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	0.69
Dividend Yield	6.81%
Dividend Growth	n/a
Payout Frequency	Monthly
Ex-Dividend Date	Jun 27, 2025

Previous Close	10.08
YTD Return	1.22%
1-Year Return	n/a
5-Year Return	n/a
52-Week Low	10.02
52-Week High	10.10
Beta (5Y)	n/a
Holdings	n/a
Inception Date	n/a

About PNDAX

The Pender Real Estate Credit Fund is a closed-end interval mutual fund focused on generating risk-adjusted current income while prioritizing capital preservation. Managed by Pender Capital, the fund specializes in originating and investing in short-term, senior secured commercial bridge loans, with a particular emphasis on the lower middle market segment. Its loan portfolio is primarily backed by commercial real estate assets located throughout the Sunbelt and key "flyover" regions in the United States. The fund targets loans typically ranging from $10 million to $30 million in size, with loan-to-value ratios maintained around 65%, and features predominantly floating rate structures and first-lien positions to enhance security and income predictability. Established in April 2023, the fund provides access to real estate credit opportunities for a broad investor base through a closed-end interval structure that requires low minimum investments, thus attracting both retail and professional capital. Within the financial market, it addresses the demand for private credit solutions spurred by tighter traditional lending conditions, offering tailored financing to property owners and investors while seeking to deliver stable income for shareholders.

• Stock Exchange: NASDAQ
• Ticker Symbol: PNDAX

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 27, 2025	$0.0613	Jun 27, 2025
May 28, 2025	$0.0562	May 28, 2025
Apr 29, 2025	$0.0616	Apr 29, 2025
Mar 28, 2025	$0.0614	Mar 28, 2025
Feb 27, 2025	$0.0626	Feb 27, 2025
Jan 29, 2025	$0.0577	Jan 29, 2025