Pender Real Estate Credit Fund Class I2 (PNDIX)
| Fund Assets | n/a |
| Expense Ratio | 4.01% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 7.27% |
| Dividend Growth | -8.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 28, 2026 |
| Previous Close | 10.08 |
| YTD Return | 3.06% |
| 1-Year Return | 6.93% |
| 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.
Performance
PNDIX had a total return of 6.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.33%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 29, 2026 | $0.062 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0579 | Dec 30, 2025 |