Pearl Diver Credit Company Inc. Declares Monthly Dividends

Rhea-AI Summary

Pearl Diver Credit Company (NYSE: PDCC) has declared monthly dividends for both common and preferred stockholders. Common stockholders will receive $0.22 per share for May, June, and July 2025, while preferred stockholders (Series A) will receive $0.1667 per share for the same months. The preferred stock distributions reflect an 8.00% annual rate on the $25 liquidation preference. Common stock dividends will be automatically reinvested through the Dividend Reinvestment Plan (DRIP) unless stockholders opt out. Under DRIP, new shares are issued at the greater of NAV or 95% of market price if market price equals or exceeds NAV. If NAV exceeds market price, shares are purchased in the open market.

Positive

• Regular monthly dividend maintained at $0.22 per common share
• 8.00% annual distribution rate for preferred stockholders
• DRIP program offers automatic reinvestment at potentially favorable terms

Negative

• None.

NEW YORK and LONDON, May 5, 2025 /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 May, June, and July 2025.

PDCC Inc. declares dividends on common and preferred stock for the months of May, June, and July 2025.

Amount per Common Share	Record Dates	Payment Dates
$0.22	May 16, 2025	May 30, 2025
	June 16, 2025	June 30, 2025
	July 17, 2025	July 31, 2025

 

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 May, June, and July 2025.

Amount per Preferred Share	Record Dates	Payment Dates
$0.1667	May 16, 2025	May 30, 2025
	June 16, 2025	June 30, 2025
	July 17, 2025	July 31, 2025

 

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 March 31, 2025, Pearl Diver Capital has approximately $2.8 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:
Info@Pearldivercap.com
UK: +44 (0)20 3967 8032
US: +1 617 872 0945

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SOURCE Pearl Diver Credit Company Inc.

FAQ

What is the dividend amount for PDCC common stock in May-July 2025?

PDCC will pay $0.22 per common share monthly for May, June, and July 2025.

When are the PDCC dividend payment dates for Q2 2025?

The dividend payment dates are May 30, June 30, and July 31, 2025.

What is PDCC's preferred stock dividend rate for Series A shares?

The Series A preferred stock pays $0.1667 per share monthly, reflecting an 8.00% annual rate on the $25 liquidation preference.

How does PDCC's Dividend Reinvestment Plan (DRIP) work?

DRIP automatically reinvests dividends in new shares at the greater of NAV or 95% of market price when price exceeds NAV. If NAV exceeds market price, shares are bought in the open market.