#USA #New York #dividends #Pearl Diver #PDCC

Pearl Diver Credit Company Inc. Declares Monthly Dividends

In recent news, Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) has officially announced through a press release that its Board of Directors has declared regular monthly dividends for its common stock. The per-share dividend rate stands at $0.22, applicable for the upcoming months of May, June, and July 2025. This monthly commitment underscores the company's persistent dedication to shareholder returns and overall fiscal health.

Dividend Schedule Details

The dividend schedule for the common stock is structured as follows:

• - Amount Per Common Share: $0.22
• - Record Dates:

- May 16, 2025
- June 16, 2025
- July 17, 2025

• - Payment Dates:

- May 30, 2025
- June 30, 2025
- July 31, 2025

Additionally, Pearl Diver Credit Company Inc. had also declared a monthly dividend of $0.1667 for its 8.00% Series A Term Preferred Stock, which is similarly scheduled across the same three months:

• - Record Dates:

- May 16, 2025
- June 16, 2025
- July 17, 2025

• - Payment Dates:

- May 30, 2025
- June 30, 2025
- July 31, 2025

This distribution reflects the 8.00% annual rate against a liquidation preference of $25 per preferred share. During this time, the dividend will automatically be reinvested into purchasing additional common shares unless shareholders choose to receive cash instead through the Dividend Reinvestment Plan (DRIP).

Dividend Reinvestment Plan (DRIP)

For shareholders opting into the DRIP, the valuation of shares will be dependent on the market price of the common stock during the period surrounding the payment dates. If the market price is equal to or exceeds the net asset value, the shares will be issued at either the net asset value or at 95% of the current market price, whichever is higher. Should the net asset value be greater than the market price, the DRIP will acquire shares from the open market.

Company Profile

Founded in the investment landscape, Pearl Diver Credit Company Inc. operates as a closed-end management investment company focused on maximizing total returns while aiming to generate significant current income. The firm primarily invests in equity and junior debt tranches of collateralized loan obligations (CLOs) secured by portfolios of sub-investment-grade, senior secured, floating-rate debts. This investment strategy allows Pearl Diver to diversify across various industry sectors while catering to the specific needs and goals of institutional investors.

Pearl Diver Capital LLP, which manages the company, is known for its specialized expertise in CLO investing, bolstered by a team of data scientists and credit analysts dedicated to uncovering attractive investment opportunities within this niche market. With assets under management totaling approximately $2.8 billion across several funds, Pearl Diver’s meticulous approach to investments has garnered strong relationships with more than 80 CLO managers across diverse sectors.

Conclusion

The declaration of dividends reflects Pearl Diver Credit Company Inc.'s commitment to return value to its shareholders while managing a robust portfolio within the challenging market of collateralized loans. As they move into the summer months of 2025, company stakeholders and investors have every reason to observe its financial progress closely, considering both their dividend strategies and overall investment success. Pearl Diver continues to establish a significant presence within the investment community as it navigates through market dynamics and fulfills its objective of generating high returns for its investors.