Pender Growth Fund and Functioning Possibility Fund Announce Shareholder Voting Results on the Possible Acquisition of the Functioning Possibility Fund
VANCOUVER, British Columbia, May perhaps 19, 2021 (Globe NEWSWIRE) — (TSXV: PTF) Even further to the April 7, 2021 announcement of Pender Advancement Fund Inc. (the “Corporation” or “Pender”) that it had entered into a definitive agreement for the prospective acquisition of all of the issued and fantastic shares of the Performing Possibility Fund (EVCC) Ltd. (“WOF” or the “Fund”) underneath a approach of arrangement (the “Arrangement), Pender and WOF report that WOF’s shareholders authorised the Arrangement at a WOF shareholder assembly held on Could 18, 2021.
The Arrangement was accepted by the two WOF Undertaking Series and WOF Commercialization Series, which alongside one another comprise the Fund. WOF is happy to report a appreciably greater voting turnout than in prior shareholder conferences.
Below the Arrangement WOF Enterprise Collection shareholders will receive dollars consideration except if they elected to continue to hold their WOF shares and carry on to take part in the long term effectiveness of the underlying Venture Series portfolio. Somewhere around 97% of WOF Enterprise Sequence shareholders are predicted to receive dollars thing to consider beneath the Arrangement.
The Arrangement is topic to a quantity of problems to completion, together with approval of the Supreme Courtroom of British Columbia, the administrator less than the Employee Expense Act (British Columbia) and the TSX Undertaking Exchange. There can be no assurance that the Arrangement will be done on the basis proposed or at all.
About the Business
The Company’s goal is to reach extensive-expression cash appreciation for its buyers. The Enterprise makes use of its modest cash foundation and extensive-term horizon to make investments in unique predicaments principally small cap, special situations, and illiquid public and personal corporations. The Organization trades on the TSX Enterprise Exchange less than the image “PTF”.
You should go to www.pendergrowthfund.com.
For more information and facts, be sure to speak to:
Tony Rautava
PenderFund Cash Management Ltd.
(604) 653-9625
Toll Free of charge: (866) 377-4743
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is described in the procedures of the TSX Enterprise Trade) accepts responsibility for the adequacy or accuracy of this launch.
Ahead-Seeking Data
This information release consists of sure “forward looking statements” and specified “forward-hunting details” as outlined under relevant Canadian and U.S. securities regulations (with each other, “forward-hunting statements”). Ahead-hunting statements can usually be recognized by the use of ahead-hunting terminology these types of as “may possibly”, “will”, “anticipate”, “intend”, “estimate”, “anticipate”, “believe”, “proceed”, “programs”, “opportunity” or very similar terminology. Forward-hunting statements in this news launch include things like, but are not confined to, statements and information associated to completion of the Arrangement and the predicted added benefits of the Arrangement to the Business. In making the ahead-searching statements in this news launch, the Business has applied numerous product assumptions, together with without limitation, the assumptions that the events will be equipped to satisfy the circumstances to closing and entire the Arrangement and that the Enterprise will be equipped to complete its programs and aims with respect to the WOF portfolio. Forward-hunting statements and details are not historical facts and are produced as of the date of this news launch. These forward-seeking statements entail quite a few threats and uncertainties and genuine success could range. Critical things that may perhaps lead to actual success to range include things like with out limitation, pitfalls similar to the potential of the parties to fulfill the situations of the Arrangement and close the Arrangement and the skill of the Corporation to achieve its programs and aims with respect to the Arrangement and the WOF portfolio, which includes any changes in typical financial situations or circumstances in the money marketplaces. The genuine success or functionality by the Business could differ materially from individuals expressed in, or implied by, any ahead-on the lookout statements relating to those people matters. Appropriately, no assurances can be given that any of the situations predicted by the ahead-hunting statements will transpire or come about, or if any of them do so, what impact they will have on the Arrangement or monetary condition of the Organization. Except as required by law, the Enterprise is less than no obligation, and expressly disclaim any obligation, to update, change or if not revise any forward-searching assertion, whether written or oral, that may be manufactured from time to time, no matter whether as a result of new facts, upcoming occasions or in any other case, apart from as may perhaps be needed below applicable securities regulations.