Pender Real Estate Credit I1 (PNDRX)

Fund Assets	n/a
Expense Ratio	4.26%
Min. Investment	n/a
Turnover	n/a
Dividend (ttm)	0.70
Dividend Yield	6.96%
Dividend Growth	-6.92%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	10.08
YTD Return	3.69%
1-Year Return	6.05%
5-Year Return	n/a
52-Week Low	10.03
52-Week High	10.11
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.

• Stock Exchange: NASDAQ
• Ticker Symbol: PNDRX

Performance

PNDRX had a total return of 6.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.88%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 30, 2026	$0.0689	Jul 30, 2026
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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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