TELESAT CORP

Ticker: TSAT CUSIP: 879512309 Class: CL A & CL B SHS

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

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

Q4 2025

Shares 409,753 Value ($000) $15,940 Avg Close $29.07 Range $23.01 - $36.85

Q3 2025

Shares 409,753 Value ($000) $10,512 Avg Close $23.81 Range $19.59 - $29.91

Q2 2025

Shares 100,600 Value ($000) $2,448 Avg Close $17.55 Range $14.77 - $26.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	409,753	$15,940	$29.07	$23.01 - $36.85
Q3 2025	409,753	$10,512	$23.81	$19.59 - $29.91
Q2 2025	100,600	$2,448	$17.55	$14.77 - $26.07