Pender Real Estate Credit Fund began a quarterly share repurchase offer on September 15, 2026, for up to 5% of outstanding I1, I2 and A shares. Shareholders must submit requests by 4:00 p.m. Eastern Time on October 20, 2026.

Pender Real Estate Credit Fund delayed the effectiveness of its July 2, 2026 post-effective amendment until September 30, 2026. The proposed public offering is scheduled to occur as soon as practicable after the new effective date.

Pender Real Estate Credit Fund shareholders will vote October 2, 2026 on American Beacon Advisors becoming investment manager, Pender Capital Management remaining investment adviser and seven Trustee nominees. Approval would rename the fund without increasing shareholder fees.

Pender Real Estate Credit Fund reported a 2026 annual fund notice report for the period ended June 30, 2026, with zero series listed. Investors are not provided portfolio proxy voting records in this notice.

Pender Real Estate Credit Fund seeks shareholder approval for American Beacon Advisors as investment manager, Pender Capital Management as investment adviser and seven Trustees. If approved, Pender continues day-to-day portfolio management with no shareholder fee or expense increase.

Pender Real Estate Credit Fund amended its co-investment relief application, adding that it is externally managed by Pender Capital Management, has no direct employees, and includes PC ABL SMA 1 as a private investment vehicle.

Pender Real Estate Credit Fund updated its offering materials to add U Class Shares, a new share class offered at net asset value with no sales load, a $5,000 minimum initial investment, and a 0.75% annual Distribution and Servicing Fee. Investors will be able to purchase U Class Shares once the updated offering becomes effective, adding a lower-minimum share class with distinct fee terms from existing classes.

Pender Real Estate Credit Fund opened a quarterly share repurchase period on June 16, 2026, offering to repurchase up to 5% of outstanding I1, I2, and A class shares at net asset value. Requests are due July 21, 2026.

Pender Real Estate Credit Fund added Joint Insured Bond and Joint Liability Insurance agreements and updated its prospectus to include current 2026 offering terms, fee structure, and credit facility details. The revised materials keep the Fund available for continuous purchases and quarterly repurchase offers at NAV.

Variant Alternative Income Fund’s joint fidelity bond is renewed for 12/31/2025-12/31/2026 with a $2.5 million limit, and an electronic mail initiated transfer fraud rider adds a $250,000 sub-limit with a $25,000 deductible. The updated bond also adds several named insureds and extends coverage automatically to newly established affiliated Investment Companies.