Publicly Traded Funds
DRI Healthcare Trust closes US $95M financing
DRI Healthcare Trust closed US $95M private placement of preferred securities to funds managed by EdgePoint Wealth Management Inc., Alberta Investment Management Corporation and FAX Capital Corp.
Brookfield completes distribution of 25% of its asset management business
Brookfield Asset Management Inc. closed distribution of a 25% interest in its asset management business. Effective December 12, it will trade on NYSE/TSX under new name Brookfield Corporation while the manager will trade on NYSE/TSX under Brookfield Asset Management Ltd.
Copperleaf continues to impact performance of Pender Growth Fund
Copperleaf Technologies Inc. (TSX: CPLF) stock price continues to impact on Pender Growth Fund’s total shareholders’ equity.
Power entities file prospectuses for potential financings
Power Financial Corporation and its parent company Power Corporation of Canada filed preliminary short form base shelf prospectus for issuances of debt or preferred shares or subordinate voting share or subscription receipts for up to $3B by Power Financial and unspecified amount by Power Corporation.
Pender Growth Fund posts quarterly $58.5M net loss and -39.3% net return
Pender Growth Fund Inc. (TSX-V: PTF) reported $58.5M net loss for 3-months ended June 30, 2022, primarily due to the stock performance of Copperleaf Technologies Inc. (TSX: CPLF).
Pender Growth Fund to acquire Working Opportunity Fund
PenderFund Capital Management proposed to merge Working Opportunity Fund (EVCC) Ltd. into Pender Growth Fund Inc.
Pender Growth Fund closes $15M short-form prospectus offering
Pender Growth Fund Inc. (TSX-V: PTF) closed $15M short-form prospectus offering led by PI Financial Inc.
