Tender Offer - Pender Real Estate Credit Fund

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Form Type: N-23C3A

Filing Date: 2025-06-16

Corporate Action: Tender-offer

Type: New

Accession Number: 000121390025054527

Filing Summary: On June 16, 2025, Pender Real Estate Credit Fund announced a quarterly share repurchase program. This repurchase offer allows shareholders to sell up to five percent (5%) of their outstanding shares, specifically I1 Class, I2 Class, and A Class shares, at the Net Asset Value (NAV) calculated as of July 21, 2025. The purpose of this offer is to provide liquidity to shareholders since the shares of this closed-end interval fund are not redeemable daily for cash and lack a secondary market. All repurchase requests must be received by the Fund's administrator, UMB Fund Services, Inc., by the Repurchase Request Deadline of July 21, 2025. Shareholders retain the right to withdraw or modify their requests prior to this deadline. The repurchase program aims to help shareholders navigate the absence of a secondary market for the Fund's shares, while also alerting them of possible tax implications related to the sale of shares. Payment for shares repurchased will be made by wire transfer or check within seven days following the pricing date, with provisions for pro-rata acceptance if demand exceeds the capacity of the offer.

Additional details:

Investment Company Name: PENDER REAL ESTATE CREDIT FUND


Repurchase Offer Start Date: 2025-06-16


Repurchase Request Deadline: 2025-07-21


Nav Class I1: 10.05


Nav Class I2: 10.06


Nav Class A: 10.06


Repurchase Payment Deadline: 2025-07-28


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