Pender Growth Fund Inc.
VANCOUVER, British Columbia, April 05, 2024 (GLOBE NEWSWIRE) — (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the year ended December 31, 2023.
Financial Highlights
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Net income was $1,029,528 for the year ended December 31, 2023 (December 31, 2022 – Net loss $127,838,962) primarily the result of positive investment performance during the year.
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Net income per Class C common share (“Share”) for the year ended December 31, 2023 was $0.14 (December 31, 2022 – Net loss per share $16.85).
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The Company’s total shareholders’ equity decreased by $353,077 from December 31, 2022 ($70.2 million) to $69.9 million as at December 31, 2023, primarily due to share repurchases of $1,382,605 under the Company’s Normal Course Issuer Bid (“NCIB”), offset by positive investment performance of $1,029,528…
