Pender Real Estate -

: Managed by Pender Capital Management, LLC, and structured as an interval fund (Rule 23c-3) aiming to operate as a REIT. Shares : Offers Class A and Class I shares. Investor Information

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: Targets the U.S. lower middle market, utilizing senior position collateral, with options for mezzanine and preferred equity investments. Key Investment Details : Managed by Pender Capital Management, LLC, and

: Generally $1,000 for initial and additional investments. : Managed by Pender Capital Management

: Focuses on generating current income and preserving capital, primarily through short-term bridge loans on transitional commercial real estate.

: Shares are not publicly traded; liquidity is limited to quarterly repurchase offers.