Earnings Announcement and Conference Call - Pearl Diver Credit Company Inc will release its Q4 2024 financial results before market open on January 28 2025 [1] - The company will host a conference call at 11:00am ET / 4:00pm UK time on January 28 2025 to discuss the financial results [1] - Investors and analysts can dial 1-877-407-9208 (US) or 1-201-493-6784 (international) to participate in the call [2] - A live audio webcast of the conference call will be available on the company's website [2] - A replay of the conference call will be available within two hours of the conclusion of the call on the company's website [3] Company Overview - Pearl Diver Credit Company Inc is an externally managed non-diversified closed-end management investment company [4] - The company's primary investment objective is to maximize its portfolio's total return with a secondary objective of generating high current income [4] - The company invests primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade senior secured floating-rate debt issued by US companies across several industry sectors [4] - The company is externally managed by Pearl Diver Capital LLP [4] Pearl Diver Capital Overview - Pearl Diver Capital specializes in collateralized loan obligation (CLO) investing [5] - The firm uses proprietary technology and advanced analytics to identify attractive opportunities in the CLO market [5] - As of December 31 2024 Pearl Diver Capital has approximately $2 8 billion in assets under management across multiple private funds [6] - The firm's investors include public pension plans university endowments foundations large family offices corporate/ERISA pension plans and asset managers across the US Europe and Latin America [6] - Pearl Diver Capital has developed close relationships with over 80 CLO managers and their analysts across the CLO spectrum [6] - The firm's focus on CLO investing rather than CLO management allows it to avoid conflicts of interest and gain rare access to critical credit information on underlying companies in CLO portfolios [6]

Offering Details - The underwriters fully exercised their option to purchase an additional 180,000 Preferred Shares at $25.00 per share, increasing the total number of Preferred Shares sold to 1,380,000 [1] - The Preferred Shares began trading on the New York Stock Exchange under the symbol "PDPA" on December 20, 2024 [2] Use of Proceeds - The company intends to use the proceeds from the Offering to acquire investments in accordance with its investment objectives and strategies, as well as for general working capital purposes [2] Management and Underwriters - Lucid Capital Markets, LLC, B Riley Securities, Inc, and Kingswood Capital Partners, LLC acted as joint book-running managers for the Offering [3] - InspereX LLC and Janney Montgomery Scott LLC acted as lead managers for the Offering [3] Company Overview - Pearl Diver Credit Company Inc is an externally managed, non-diversified, closed-end management investment company [6] - The company's primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income [6] - The company invests primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by US companies across several industry sectors [6] - The company is externally managed by Pearl Diver Capital LLP [6]

Group 1 - The article discusses a new exchange-traded fixed-income security issued by a company, highlighting its unique features and potential benefits for investors [1] - It invites active investors to join a free trial and engage in discussions within a chat room filled with experienced traders and investors [1] Group 2 - The article emphasizes that past performance does not guarantee future results, indicating a cautious approach to investment recommendations [2] - It clarifies that the views expressed may not represent the opinions of the entire platform, and the analysts involved may not be licensed or certified [2]

Dividend Announcement - Pearl Diver Credit Company Inc declared monthly dividends on its 8.00% Series A Term Preferred Stock Due 2029, with $0.2389 per share for January 2025 and $0.1667 per share for February, March, and April 2025 [1] - The distributions reflect an annual distribution rate of 8.00% of the $25 liquidation preference per share [2] Dividend Schedule - January dividend: $0.2389 per share, record date January 15, 2025, payment date January 31, 2025 [2] - February dividend: $0.1667 per share, record date February 14, 2025, payment date February 28, 2025 [2] - March dividend: $0.1667 per share, record date March 17, 2025, payment date March 31, 2025 [2] - April dividend: $0.1667 per share, record date April 16, 2025, payment date April 30, 2025 [2] Company Overview - Pearl Diver Credit Company Inc is an externally managed, non-diversified, closed-end management investment company [3] - Primary investment objective is to maximize portfolio total return, with a secondary objective of generating high current income [3] - Invests primarily in equity and junior debt tranches of CLOs collateralized by sub-investment grade, senior secured floating-rate debt issued by US companies across several industry sectors [3] - Externally managed by Pearl Diver Capital LLP [3]

Group 1 - Pearl Diver Credit Company Inc. announced the closing of a public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock due 2029 at a price of $25.00 per share [1][2] - The proceeds from the offering will be used to acquire investments in line with the company's investment objectives and for general working capital [2] - The Preferred Shares will start trading on the New York Stock Exchange under the symbol "PDPA" on December 20, 2024 [2] Group 2 - Lucid Capital Markets, LLC, B. Riley Securities, Inc., and Kingswood Capital Partners, LLC served as joint book-running managers for the offering [3] - The company is an externally managed, non-diversified, closed-end management investment company focused on maximizing total return and generating high current income [6] - Pearl Diver Credit Company primarily invests in equity and junior debt tranches of CLOs backed by portfolios of sub-investment grade, senior secured floating-rate debt from various US companies across multiple sectors [6]

Core Viewpoint - Pearl Diver Credit Company Inc. has announced a public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock due 2029, priced at $25 per share, aiming to raise approximately $28.8 million in net proceeds after expenses [1][2]. Group 1: Offering Details - The offering is expected to close on December 18, 2024, subject to customary closing conditions [2]. - The Preferred Shares will be listed on the New York Stock Exchange under the symbol "PDPA" within 30 days of the issue date [2]. - The underwriters have a 30-day option to purchase an additional 180,000 Preferred Shares under the same terms [1]. Group 2: Company Overview - Pearl Diver Credit Company Inc. is an externally managed, non-diversified, closed-end management investment company focused on maximizing total return and generating high current income [6]. - The company primarily invests in equity and junior debt tranches of CLOs backed by portfolios of sub-investment grade, senior secured floating-rate debt from various U.S. companies across multiple sectors [6]. Group 3: Rating Information - The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency [1].

NEW YORK and LONDON, Dec. 11, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") has commenced an underwritten public offering of its Series A Preferred Stock Due 2029. Certain financial and other terms of the Series A Preferred Stock are to be determined by negotiations between the Company and the underwriters. Shares of the Series A Preferred Stock are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwr ...

In this article, we highlight the recently launched CEF Pearl Diver Credit Company Inc. (NYSE: PDCC ). Pearl Diver Capital is a boutique manager of CLO assets with AUM of around $2.6bn across a number of private funds. PDCC appearsCheck out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.Read our Investor Guides: to CEFs, Preferreds a ...

NEW YORK and LONDON, Nov. 4, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Fund's common stock of $0.22 per share for November and December 2024, and January 2025. Amount per Share Record Dates Payment Dates $0.22 November 15, 2024 November 29, 2024 December 17, 2024 December 31, 2024 January 17, 2025 January 31, 2025 Pearl Diver Credit Company Inc. ...