Pender Growth Fund Inc.

Pender Growth Fund Inc. is an investment vehicle primarily concentrating on later-stage enterprises, special situations, and corporate restructuring initiatives. Beyond these core areas, it also provides crucial expansion capital and actively invests in small-capitalization companies, including those identified as Eligible Small Businesses ("ESBs"). The fund strategically targets illiquid public and private entities within the information technology, communications, life sciences, and proprietary technologies sectors, with a particular focus on undervalued technology firms. Its geographical investment mandate is exclusively for companies headquartered in British Columbia, Canada. Financially, Pender Growth Fund typically commits over Cdn $500,000 to each portfolio company, with a more common range falling between Cdn $1.5 million and Cdn $3 million. These target companies are generally expected to have annual revenues ranging from Cdn $5 million to Cdn $15 million. The fund expresses a clear preference for investing in undervalued public companies.