MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

Note: Option positions (PUT/CALL) are excluded.

Q3 2020

Shares 10,000 Value ($000) $2,762 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 10,000 Value ($000) $2,763 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 10,100 Value ($000) $2,242 Avg Close $156.34 Range $126.17 - $181.07

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2020	10,000	$2,762	$200.75	$187.82 - $222.85
Q2 2020	10,000	$2,763	$173.06	$143.15 - $195.15
Q1 2020	10,100	$2,242	$156.34	$126.17 - $181.07