Fontris Alts · Audit · Redemption fill rate

Research workspace

Audit: Redemption fill rate — Pender Real Estate Credit Fund

Latest observation · Semiannual shareholder report (Form N-CSRS) · filed 2026-09-03 · period 2026-01-20

repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 2.58 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met

“Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased December 16, 2025 January 20, 2026 January 20, 2026 5% 2.58% 1,212,671”

Method Matched text template against the filing

Open the filing on SEC.gov

Technical locator

https://www.sec.gov/Archives/edgar/data/1929777/000121390026097073/ea0298712-01_ncsrs.htm | repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 2.58 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met

Extraction tiers, explained

Every stored observation below, newest first, with its extraction tier, the exact filing it came from, and the verbatim snippet it was read from. Derived values state their formula and constituent figures in the source line. Tiers: T1 = structured XBRL tag; T2 = matched text template; T3/R3 = narrative/term extraction.

Period	Value	Tier	Source filing	Provenance
2026-01-20	100	T2	N-CSRS 2026-09-03	https://www.sec.gov/Archives/edgar/data/1929777/000121390026097073/ea0298712-01_ncsrs.htm \| repurchase results… https://www.sec.gov/Archives/edgar/data/1929777/000121390026097073/ea0298712-01_ncsrs.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 2.58 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased December 16, 2025 January 20, 2026 January 20, 2026 5% 2.58% 1,212,671” extracted 2026-09-13T15:20:05 · confidence 0.9
2025-10-20	100	T2	N-CSR 2026-03-10	https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 3.19 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased September 15, 2025 October 20, 2025 October 20, 2025 5% 3.19% 1,469,258” extracted 2026-09-13T15:20:05 · confidence 0.9
2025-07-21	100	T2	N-CSR 2026-03-10	https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 4.14 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased June 16, 2025 July 21, 2025 July 21, 2025 5% 4.14% 1,826,522” extracted 2026-09-13T15:20:05 · confidence 0.9
2025-04-22	100	T2	N-CSR 2026-03-10	https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 2.3 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased March 18, 2025 April 22, 2025 April 22, 2025 5% 2.30% 952,167” extracted 2026-09-13T15:20:05 · confidence 0.9
2025-01-22	100	T2	N-CSR 2026-03-10	https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390026025763/ea0275841-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 2.16 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased December 18, 2024 January 22, 2025 January 22, 2025 5% 2.16% 841,490” extracted 2026-09-13T15:20:05 · confidence 0.9
2024-10-23	100	T2	N-CSR 2025-04-30	https://www.sec.gov/Archives/edgar/data/1929777/000121390025037022/ea0228954-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390025037022/ea0228954-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 3 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased September 18, 2024 October 23, 2024 October 23, 2024 5% 3.00% 1,310,802” extracted 2026-09-13T15:20:05 · confidence 0.9
2024-07-22	100	T2	N-CSR 2025-04-30	https://www.sec.gov/Archives/edgar/data/1929777/000121390025037022/ea0228954-01_ncsr.htm \| repurchase results … https://www.sec.gov/Archives/edgar/data/1929777/000121390025037022/ea0228954-01_ncsr.htm \| repurchase results note, notice_deadline shape (redemption_fill_rate); the fund repurchased 4 against a offer amount of 5 on a percent of shares outstanding basis; Rule 23c-3 obliges the fund to repurchase every share tendered up to the offer amount, so a result below it means every request was met “Repurchase Offer Notice Repurchase Request Deadline Repurchase Pricing Date Repurchase Offer Amount % of Shares Repurchased Number of Shares Repurchased June 17, 2024 July 22, 2024 July 22, 2024 5% 4.00% 1,300,176” extracted 2026-09-13T15:20:05 · confidence 0.9