Pearl Diver Credit Company Inc. Declares Monthly Dividends

Rhea-AI Summary

Pearl Diver Credit Company (NYSE: PDCC, PDPA) declared regular monthly dividends for common and Series A preferred shares for February–May 2026. Common stock dividends are $0.22 per share and preferred dividends are $0.1667 per share.

Record and payment dates span February 13/27, March 17/31, April 16/30, and May 15/29, 2026. The DRIP will reinvest distributions into new or open‑market shares using NAV or 95% of market price, with valuation on payment or prior trading day; preferred distributions reflect an 8.00% annual rate on a $25 liquidation preference.

Positive

• Common dividend of $0.22 per share monthly (Feb–May 2026)
• Preferred dividend of $0.1667 per share monthly (Feb–May 2026)
• Preferred yield equals 8.00% annual rate on $25 preference
• DRIP available to automatically reinvest distributions into additional shares

Negative

• Potential dilution if DRIP issues new shares instead of open‑market purchases
• Four months of cash outflow tied to declared distributions (Feb–May 2026)

NEW YORK and LONDON, Jan. 28, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Company's common stock of $0.22 per share for February, March, April, and May 2026.

Amount per Common Share	Record Dates	Payment Dates
$0.22	February 13, 2026	February 27, 2026
	March 17, 2026	March 31, 2026
	April 16, 2026	April 30, 2026
	May 15, 2026	May 29, 2026

The distribution will be automatically reinvested in additional shares of our common stock unless a stockholder opts out of the Dividend Reinvestment Plan ("DRIP") and elects to receive the distribution in cash. If the market price of the shares of common stock is equal to or exceeds net asset value at the time shares of common stock are valued for purposes of determining the number of shares of common stock equivalent to the cash dividend or capital gains distribution, participants in the DRIP are issued new shares of common stock from the Company, valued at the greater of (i) the net asset value as most recently determined or (ii) 95% of the then-current market price of the shares of common stock. The valuation date is the dividend or distribution payment date or, if that date is not a NYSE trading day, the next preceding trading day. If the net asset value of the shares of common stock at the time of valuation exceeds the market price of the shares of common stock, the DRIP Administrator will buy the shares of common stock for the DRIP in the open market.

Additionally, the Board of Directors has declared a regular monthly dividend on shares of the Company's 8.00% Series A Term Preferred Stock Due 2029 of $0.1667 per share for February, March, April, and May 2026.

Amount per Preferred Share	Record Dates	Payment Dates
$0.1667	February 13, 2026	February 27, 2026
	March 17, 2026	March 31, 2026
	April 16, 2026	April 30, 2026
	May 15, 2026	May 29, 2026

The distributions on the Series A Term Preferred Stock reflect an annual distribution rate of 8.00% of the $25 liquidation preference per share.

About Pearl Diver Credit Company Inc.
Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com.

About Pearl Diver Capital LLP
Founded in 2008, Pearl Diver Capital specializes in collateralized loan obligation (CLO) investing. Its data scientists and credit analysts use proprietary technology and advanced analytics to identify attractive opportunities in the CLO market. Pearl Diver's highly experienced team includes individuals from a wide range of scientific and mathematical backgrounds.

As of September 30, 2025, Pearl Diver Capital has approximately $2.9 billion in assets under management across multiple private funds backed by institutional investors ranging from public pension plans, university endowments, foundations, large family offices, corporate/ERISA pension plans and asset managers across the US, Europe and Latin America. Because it is strictly an investor in the CLO space, not an issuer, it has developed close relationships with over 80 CLO managers – and their analysts – across the CLO spectrum, enabling the firm to have rare access to critical credit information on underlying companies in CLO portfolios while avoiding conflicts of interest that might arise in performing roles that span both CLO investing and CLO management. For more information, visit www.pearldivercapital.com.

Investor Contact:
PR.IR@Pearldivercap.com
UK: +44 (0)20 3967 8032
US: +1 617 872 0945

View original content to download multimedia:https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-declares-monthly-dividends-302673100.html

SOURCE Pearl Diver Credit Company Inc.

FAQ

What common stock dividend did Pearl Diver Credit Company (PDCC) declare for Feb–May 2026?

The company declared a $0.22 per common share monthly dividend for February through May 2026. According to the company, each payment follows the announced record and payment dates with reinvestment available through the DRIP unless shareholders opt for cash.

When are the record and payment dates for PDCC common and preferred dividends in 2026?

Record and payment dates run Feb 13/Feb 27, Mar 17/Mar 31, Apr 16/Apr 30, May 15/May 29, 2026. According to the company, each dividend uses those specific record and payment dates for processing and DRIP valuation.

How does PDCC's Dividend Reinvestment Plan (DRIP) determine share issuance for reinvested dividends?

DRIP participants receive new shares valued at the greater of NAV or 95% of market price when market is at/above NAV. According to the company, valuation occurs on the payment date or the prior trading day if markets are closed.

What dividend did PDCC declare for its 8.00% Series A preferred stock for Feb–May 2026?

The company declared a $0.1667 per preferred share monthly dividend for February through May 2026. According to the company, this distribution reflects an 8.00% annual rate based on the $25 liquidation preference per share.

What does an 8.00% annual distribution mean for PDCC Series A preferred shareholders?

An 8.00% annual distribution equals periodic payments totaling 8% of the $25 liquidation preference per year. According to the company, that rate is represented by the monthly $0.1667 dividends declared for Feb–May 2026 on each preferred share.