PenderFund Capital Management Announces a Change to its Mutual Fund Line Up

VANCOUVER, British Columbia, Aug. 24, 2026 (GLOBE NEWSWIRE) — PenderFund Capital Management Ltd. (“Pender”) today announced its intention to terminate the Pender Alternative Arbitrage Fund (the “Fund”) on or about October 30, 2026 (the “Termination Date”). Unitholders will not be required to take any action in connection with the termination of the Fund.

Effective today, the Manager has suspended the right of unitholders to redeem their units for the notice period ahead of the termination in order to ensure the fair distribution of the Fund’s net assets. During this period, systematic plans will be halted. Transfers in-kind to other financial institutions will continue to be permitted.

After payment of the liabilities of the Fund, each unitholder registered as such at the close of business on the Termination Date will be entitled to receive their proportionate share of the value of the Fund in accordance with the number of units which they then hold. All residual income and capital gains earned by the Fund will be allocated to unitholders prior to the Termination Date. On or about November 2, 2026, each unitholder will be paid their proportionate share of the value of the Fund and their units will be redeemed.

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A notice regarding the termination has been sent to all unitholders of the Fund.

For more information regarding the termination, unitholders may contact Pender at [email protected] .

About PenderFund Capital Management Ltd. Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia. Our goal is to protect and grow wealth for our investors over time. We have a talented investment team of expert analysts, security selectors and independent thinkers who actively manage a suite of differentiated investment funds, exploiting inefficient parts of the investing universe to achieve our goal.

Please visit www.penderfund.com . Please read important disclosures at www.penderfund.com/disclaimer .

Melanie Moore Vice President of Marketing, PenderFund Capital Management Ltd. [email protected] (604) 688-1511 Toll Free: (866) 377-4743 1066 West Hastings Street, Suite 1830, Vancouver, BC, V6E 3X2 F: (604) 563-3199

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “expect” or “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of the manager at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.