Pender Real Estate Credit Fund (PNDRX)
| Fund Assets | n/a |
| Expense Ratio | n/a |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 6.93% |
| Dividend Growth | -13.23% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 10.08 |
| YTD Return | 1.00% |
| 1-Year Return | 7.40% |
| 5-Year Return | n/a |
| 52-Week Low | 9.40 |
| 52-Week High | 10.08 |
| Beta (5Y) | -0.00 |
| Holdings | n/a |
| Inception Date | n/a |
About PNDRX
Pender Real Estate Credit Fund Class I1 is a closed-end mutual fund focused on commercial real estate debt. Its primary purpose is to provide investors with exposure to a diversified portfolio of real estate loans and credit instruments, targeting capital preservation and risk mitigation in the commercial real estate sector. As a continuously offered closed-end interval fund, it allows for daily purchases but offers limited liquidity through quarterly repurchase windows. The fund stands out within the financial market for its strategy of filling gaps left by traditional lenders, capitalizing on opportunities created by shifts in the commercial real estate lending landscape. Investors benefit from monthly distributions, with a history of consistent payouts and an annualized dividend yield typically above 5%, classifying it as a fixed-income alternative. Additionally, the fund operates with qualified REIT status, which may provide potentially advantageous tax treatment for shareholders. By prioritizing stable income and downside protection, Pender Real Estate Credit Fund Class I1 plays a vital role for income-oriented investors seeking diversification beyond conventional bond and equity portfolios.
Performance
PNDRX had a total return of 7.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.50%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0601 | Jan 29, 2026 |
| Dec 30, 2025 | $0.0556 | Dec 30, 2025 |
| Nov 26, 2025 | $0.0502 | Nov 26, 2025 |
| Oct 29, 2025 | $0.0588 | Oct 29, 2025 |
| Sep 29, 2025 | $0.0519 | Sep 29, 2025 |
| Aug 28, 2025 | $0.0507 | Aug 28, 2025 |