Pender Real Estate Credit Fund (PNDIX)
| Fund Assets | n/a |
| Expense Ratio | n/a |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.72 |
| Dividend Yield | 7.17% |
| Dividend Growth | -12.86% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 10.07 |
| YTD Return | 1.02% |
| 1-Year Return | 7.66% |
| 5-Year Return | n/a |
| 52-Week Low | 9.37 |
| 52-Week High | 10.08 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About PNDIX
Pender Real Estate Credit Fund Class I2 is a closed-end interval fund focused on originating and managing short-term, senior secured commercial bridge loans within the U.S. commercial real estate sector. The fund primarily lends to the lower middle market, targeting assets such as industrial, mixed-use, retail, hospitality, mobile home, and office properties across regions like the Sunbelt and other key markets in the country. Its investment approach emphasizes capital preservation and downside risk mitigation by maintaining first-lien secured positions and relatively low loan-to-value ratios, generally targeting loan sizes between $10 million and $30 million with maturities ranging from 12 to 36 months. Designed to meet increased borrower demand amid tightening traditional lending conditions, the fund offers monthly distributions as a fixed-income alternative and features a low investment minimum alongside no accreditation requirements, making it accessible to a broader investor base. Its structure as a continuously offered, registered closed-end interval fund allows for daily purchases but limited liquidity via quarterly repurchase offers. Pender Real Estate Credit Fund Class I2 has become a meaningful player in commercial real estate lending, serving both wealth managers and individual investors seeking diversified exposure to private credit within real estate.
Performance
PNDIX had a total return of 7.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.82%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.062 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0579 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0521 | Nov 26, 2025 |
| Oct 29, 2025 | $0.061 | Oct 29, 2025 |
| Sep 29, 2025 | $0.054 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0527 | Aug 28, 2025 |