COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

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

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

Q4 2025

Shares 2,048 Value ($000) $247 Avg Close $121.26 Range $109.53 - $128.28

Q3 2025

Shares 2,048 Value ($000) $243 Avg Close $111.94 Range $103.74 - $121.37

Q2 2025

Shares 2,048 Value ($000) $225 Avg Close $95.21 Range $79.18 - $107.80

Q1 2025

Shares 1,947 Value ($000) $22,843 Avg Close $88.05 Range $79.73 - $94.08

Q4 2024

Shares 1,864 Value ($000) $235 Avg Close $88.34 Range $80.48 - $99.78

Q3 2024

Shares 1,800 Value ($000) $228 Avg Close $82.76 Range $72.81 - $89.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,048	$247	$121.26	$109.53 - $128.28
Q3 2025	2,048	$243	$111.94	$103.74 - $121.37
Q2 2025	2,048	$225	$95.21	$79.18 - $107.80
Q1 2025	1,947	$22,843	$88.05	$79.73 - $94.08
Q4 2024	1,864	$235	$88.34	$80.48 - $99.78
Q3 2024	1,800	$228	$82.76	$72.81 - $89.38