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. ...