|Date Announced:||April 26, 2019|
|Date Closed:||May 24, 2019|
|Client Name:||Pender Growth Fund Inc.|
Pender Growth Fund Inc. closed a public offering of 3,850,000 Class C participating common shares at a price of $3.90 per Class C Share for aggregate gross proceeds of $15,015,000 on May 10, 2019.
The offering was carried out by a syndicate of agents led by PI Financial Corp. and the sale of Class C Shares was qualified by a prospectus supplement dated May 6, 2019, to Pender's base shelf prospectus dated April 11, 2019.
Pursuant to an agency agreement dated May 6, 2019, among the agents and Pender, the agents were granted an over-allotment option to satisfy additional demand for Class C Shares.
The agents exercised the over-allotment option, in part, to purchase an additional 80,784 Class C Shares, increasing the aggregate offering to 3,930,784 Class C Shares for aggregate gross proceeds of $15,330,057.60.