Pender Real Estate Credit Fund Class A (PNDAX)
| Fund Assets | n/a |
| Expense Ratio | 4.26% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 6.57% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 10.05 |
| YTD Return | 3.24% |
| 1-Year Return | 6.29% |
| 5-Year Return | n/a |
| 52-Week Low | 10.03 |
| 52-Week High | 10.13 |
| 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.
Performance
PNDAX had a total return of 6.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.91%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.0544 | Jun 26, 2026 |
| May 28, 2026 | $0.0567 | May 28, 2026 |
| Apr 29, 2026 | $0.0687 | Apr 29, 2026 |
| Mar 26, 2026 | $0.0656 | Mar 26, 2026 |
| Feb 26, 2026 | $0.0604 | Feb 26, 2026 |
| Jan 29, 2026 | $0.0601 | Jan 29, 2026 |