Pendfund Income Fund I uses a registered manager whose staff has a collective history of over 100 years in the mortgage business and has extensive knowledge, borrowers and contacts. Trusted, speedy service to borrowers together with user-friendly loan products maintains a steady stream of new borrowers, inquiries by brokers and repeat business.

Distributions are taxed as interest income.

Income distributions will be paid quarterly on approximately the fifteenth day of the month.

No, the Fund shall distribute all of its income to Unitholders annually. Normally, the Trustees shall do so by estimating the annual income and making regular monthly distributions of approximately 1/12^th of the estimated annual income with periodic adjustments to correct for the actual results of the Fund.

Purchases under the Offering Memorandum take place the first business day of the month.

Despite safe lending practice, risks exist in mortgage lending.  Real Property value is affected by general economic conditions, local real estate markets, the attractiveness of the property to tenants, competition from other available properties and other factors. While independent appraisals are used, the appraised values reported may not be reflective of the market value of the real property or the general market, which may fluctuate. Only the benefit of experience and conservative analysis can mitigate the unseen effects of these risks and reduce the possibility of non-performing loans.

Subject to the limitations described in the Offering Memorandum, units may be redeemed on a monthly basis for their fair market value. Redemption Forms are time stamped from date of receipt by investor relations. The Trustees of the Fund have the right to limit redemption to 1% of the outstanding units of the Fund. Special provisions may apply if the redemption queue exceeds 3%.

Subject to the terms and conditions of the Offering Memorandum, the Fund invests mainly in first mortgage loans on mature revenue-producing commercial properties in loan amounts of less than $2,000,000. The Fund may purchase other ‘niche’ type loans as a means of increasing yield while minimizing risk to the greatest extent possible.