Pender Alternative Absolute Return Fund

Jul 2026 → Jul 2026

Our archive holds 1 letter from this strategy and positions in 7 companies. Every quote below is copied verbatim from the letter it came from.

1 letter in a year — follow all of Pender for every strategy.

What it bought and sold

ExitedCoreWeave Inc.Jul 2026
We closed our small short position in CoreWeave Inc. unsecured bonds in mid-July, covering our short more than six points lower than our last sale in June.
AddedMDA Space Ltd.Jul 2026
We continued to add exposure in the Canadian dollar high yield market through attractively priced new issues from MDA Space Ltd. (TSX: MDA) which issued a 7-year bond at 6.5%,
New positionSopaipilla Investor LLCJul 2026
we did purchase an investment grade rated issue from a Meta Inc. leased and supported transaction for Sopaipilla Investor LLC,
AddedArterra Wines CanadaJul 2026
We continued to add exposure in the Canadian dollar high yield market through attractively priced new issues from MDA Space Ltd. (TSX: MDA) which issued a 7-year bond at 6.5%, Saturn Oil and Gas Inc. (TSX: SOIL) which priced a 5-year bond at 7.5%, and finally Arterra Wines Canada issued a 5-year bond at 7.5%.
TrimmedRivian Holdings LLCJul 2026
We used the decline in share price to opportunistically cover most of our short position.