PENDERFUND CAPITAL MANAGEMENT LTD.

PrivateCIK: 1706164
Location

VANCOUVER, A1

253
Positions
$638.55M
Total AUM (reported)
440.98M
Total Shares

Allocation by class

TOTAL AUM$638.55M253 positions
COM$111.68M17.5%
NOTE 0.375% 1/1$54.44M8.5%
NOTE 3.625% 4/1$49.71M7.8%
NOTE 2.250% 6/1$37.99M6.0%
NOTE 4.500% 6/1$33.76M5.3%
NOTE 4.625%10/1$29.69M4.6%
NOTE 4.750%10/1$29.44M4.6%

Portfolio Concentration

Top 322.3%4–1031.6%11–2528.4%Rest17.8%TOP 1053.8%0%100%
Top 3$142.15M22.3%
4–10$201.50M31.6%
11–25$181.35M28.4%
Rest$113.55M17.8%

Top 3 weight

22.3%

Top 10 weight

53.8%

Voting Authority Distribution

Total shares with voting rights: 440.98M

Sole

Full voting authority

440.98M

shares

% of voting shares100.0%
Shared

Joint voting authority

0.00

shares

% of voting shares0.0%
None

No voting authority

0.00

shares

% of voting shares0.0%

Investment Discretion (by position count)

Sole253
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings253
Rows:

FIRST MAJESTIC SILVER CORP

SOLE
NOTE 0.375% 1/1
Shares38.74M
TypePRN
Market value$54.44M
8.53%
Sole
38.74M
Shared
0.00
None
0.00

NORTHERN OIL & GAS INC

SOLE
NOTE 3.625% 4/1
Shares44.50M
TypePRN
Market value$49.71M
7.79%
Sole
44.50M
Shared
0.00
None
0.00

FLUENCE ENERGY INC

SOLE
NOTE 2.250% 6/1
Shares37.41M
TypePRN
Market value$37.99M
5.95%
Sole
37.41M
Shared
0.00
None
0.00

SOUTHERN CO

SOLE
NOTE 4.500% 6/1
Shares30M
TypePRN
Market value$33.76M
5.29%
Sole
30M
Shared
0.00
None
0.00

NIO INC

SOLE
NOTE 4.625%10/1
Shares29.25M
TypePRN
Market value$29.69M
4.65%
Sole
29.25M
Shared
0.00
None
0.00

EQUINOX GOLD CORP

SOLE
NOTE 4.750%10/1
Shares12.08M
TypePRN
Market value$29.44M
4.61%
Sole
12.08M
Shared
0.00
None
0.00

ABRDN PLATINUM ETF TRUST

SOLE
PHYSCL PLATM SHS
Shares160K
TypeSH
Market value$28.52M
4.47%
Sole
160K
Shared
0.00
None
0.00

DUKE ENERGY CORP NEW

SOLE
NOTE 4.125% 4/1
Shares25M
TypePRN
Market value$28.06M
4.39%
Sole
25M
Shared
0.00
None
0.00

NIO INC

SOLE
NOTE 3.875%10/1
Shares25.18M
TypePRN
Market value$26.21M
4.10%
Sole
25.18M
Shared
0.00
None
0.00

PPL CAP FDG INC

SOLE
NOTE 2.875% 3/1
Shares22M
TypePRN
Market value$25.83M
4.04%
Sole
22M
Shared
0.00
None
0.00

EVOLENT HEALTH INC

SOLE
NOTE 3.500%12/0
Shares42.02M
TypePRN
Market value$22.84M
3.58%
Sole
42.02M
Shared
0.00
None
0.00

WOLFSPEED INC

SOLE
NOTE 2.500% 6/1
Shares11.33M
TypePRN
Market value$16.30M
2.55%
Sole
11.33M
Shared
0.00
None
0.00

TEUCRIUM COMMODITY TR

SOLE
CORN FD SHS
Shares804.30K
TypeSH
Market value$14.80M
2.32%
Sole
804.30K
Shared
0.00
None
0.00

CARDLYTICS INC

SOLE
NOTE 4.250% 4/0
Shares47.71M
TypePRN
Market value$13.52M
2.12%
Sole
47.71M
Shared
0.00
None
0.00

TELESAT CORP

SOLE
CL A & CL B SHS
Shares371.15K
TypeSH
Market value$13.15M
2.06%
Sole
371.15K
Shared
0.00
None
0.00

EQUINOX GOLD CORP

SOLE
COM
Shares812.50K
TypeSH
Market value$11.73M
1.84%
Sole
812.50K
Shared
0.00
None
0.00

MERITAGE HOMES CORP

SOLE
NOTE 1.750% 5/1
Shares12M
TypePRN
Market value$11.70M
1.83%
Sole
12M
Shared
0.00
None
0.00

SANGOMA TECHNOLOGIES CORP

SOLE
COM NEW
Shares2.82M
TypeSH
Market value$11.11M
1.74%
Sole
2.82M
Shared
0.00
None
0.00

MDA SPACE LTD

SOLE
COM
Shares436.23K
TypeSH
Market value$11.05M
1.73%
Sole
436.23K
Shared
0.00
None
0.00

PAR TECHNOLOGY CORP

SOLE
COM
Shares812.46K
TypeSH
Market value$10.83M
1.70%
Sole
812.46K
Shared
0.00
None
0.00

ESPERION THERAPEUTICS INC NE

SOLE
COM
Shares3.89M
TypeSH
Market value$10.66M
1.67%
Sole
3.89M
Shared
0.00
None
0.00

OPKO HEALTH INC

SOLE
NOTE 3.750% 1/1
Shares7.31M
TypePRN
Market value$9.15M
1.43%
Sole
7.31M
Shared
0.00
None
0.00

WESTERN AST INFL LKD OPP & I

SOLE
COM
Shares1.02M
TypeSH
Market value$8.66M
1.36%
Sole
1.02M
Shared
0.00
None
0.00

TXNM ENERGY INC

SOLE
NOTE 5.750% 6/0
Shares5.90M
TypePRN
Market value$7.98M
1.25%
Sole
5.90M
Shared
0.00
None
0.00

EVOLENT HEALTH INC

SOLE
DEBT 4.500% 8/1
Shares15.50M
TypePRN
Market value$7.87M
1.23%
Sole
15.50M
Shared
0.00
None
0.00
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