Pender Real Estate Credit I2 (PNDIX)

Fund Assets	n/a
Expense Ratio	4.01%
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	0.73
Dividend Yield	7.21%
Dividend Growth	-6.66%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	10.09
YTD Return	3.80%
1-Year Return	6.28%
5-Year Return	n/a
52-Week Low	10.03
52-Week High	10.11
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.

• Stock Exchange: NASDAQ
• Ticker Symbol: PNDIX

Performance

PNDIX had a total return of 6.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.14%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 30, 2026	$0.0713	Jul 30, 2026
Jun 26, 2026	$0.0563	Jun 26, 2026
May 28, 2026	$0.0587	May 28, 2026
Apr 29, 2026	$0.0712	Apr 29, 2026
Mar 26, 2026	$0.0675	Mar 26, 2026
Feb 26, 2026	$0.0623	Feb 26, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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