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Pearl Diver Credit Company Inc. Declares Monthly Preferred Dividends
PDCCPEARL DIVER CREDIT COMPANY INC.(PDCC) Prnewswire·2025-01-03 21:32

Dividend Announcement - Pearl Diver Credit Company Inc declared monthly dividends on its 8.00% Series A Term Preferred Stock Due 2029, with 0.2389pershareforJanuary2025and0.2389 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 25liquidationpreferencepershare[2]DividendScheduleJanuarydividend: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: 0.1667pershare,recorddateFebruary14,2025,paymentdateFebruary28,2025[2]Marchdividend: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]