VANCOUVER, June 2, 2017 /CNW/ - (TSXV: PTF)
Pender Growth Fund Inc. (the "Fund") announces an adjustment to the
values of two of its significant private investments and the
consequent increase in the net asset value (NAV) of the Fund.
As a result of recent business and financial success at the two
private companies, overall market conditions and after receiving
board approval, the Fund is increasing the value of its investment
in these companies by an aggregate amount of $1.5 million (or $0.36 per share) to better reflect the companies'
valuations in the calculation of the Fund's NAV.
As of the close of business today, the total NAV of the Fund was
$19.4 million or $4.67 per Class C common share. The Fund's NAV is
published on its website www.pendergrowthfund.com on a weekly
basis. Other financial reports such as the Fund's investment
portfolio and financial statements can also be found there.
About the Fund
The Fund is a closed-end investment
fund with a goal of growing the NAV of the Fund on a per share
basis over the long-term. The Fund will utilize its small capital
base, closed-end structure and long-term horizon to invest in
unique situations; primarily small cap, special situations, and
illiquid public and private companies.
SOURCE Pender Growth Fund (VCC) Inc.