What is pricing NAV per share?
The Pricing NAV per share is the price per share at which the Fund issues and redeems shares. The Administrator determines the Pricing NAV per share of the Fund every Friday by dividing the Pricing NAV of the Fund on that date, by the total number of shares of the Fund outstanding on that date. The Pricing NAV per share is published weekly on the Pender website and in the mutual fund section of The Vancouver Sun, The Province, The Globe and Mail and The National Post, where the Fund is listed under The Manager, PenderFund Capital Management. This method may not be directly comparable to the pricing methods used by other venture capital funds, such as labour-sponsored funds, based in other provinces. The Pricing NAV per share of the Fund may differ from the prices at which holders of shares are able to sell their shares to third-party purchasers. To assist investors in assessing the difference between Pricing NAV per share for purposes of purchasing and redeeming shares and NAV per shar
