Pearl Diver Credit Company Inc. Declares Monthly Preferred Dividends

Rhea-AI Summary

Pearl Diver Credit Company (NYSE: PDCC, PDPA) has announced its Board of Directors' declaration of monthly dividends for its 8.00% Series A Term Preferred Stock Due 2029. The dividend schedule includes:

• January 2025: $0.2389 per share (Record Date: Jan 15, Payment Date: Jan 31)
• February 2025: $0.1667 per share (Record Date: Feb 14, Payment Date: Feb 28)
• March 2025: $0.1667 per share (Record Date: Mar 17, Payment Date: Mar 31)
• April 2025: $0.1667 per share (Record Date: Apr 16, Payment Date: Apr 30)

These distributions reflect an annual distribution rate of 8.00% based on the $25 liquidation preference per share.

Positive

• Consistent monthly dividend payments maintained at 8.00% annual rate
• Four months of confirmed dividend distributions provide income visibility
• Stable $25 liquidation preference per share maintained

Negative

• Monthly dividend amount decreases from $0.2389 to $0.1667 after January 2025

NEW YORK and LONDON, Jan. 3, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared monthly dividends on shares of the Company's 8.00% Series A Term Preferred Stock Due 2029 of $0.2389 per share for January 2025, and $0.1667 per share for February, March, and April 2025.

Amount per Share	Record Dates	Payment Dates
$0.2389	January 15, 2025	January 31, 2025
$0.1667	February 14, 2025	February 28, 2025
$0.1667	March 17, 2025	March 31, 2025
$0.1667	April 16, 2025	April 30, 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. 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.

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 Series A Preferred Stock in January 2025?

The dividend amount for January 2025 is $0.2389 per share, payable on January 31, 2025, to shareholders of record as of January 15, 2025.

What is the annual distribution rate for PDCC Series A Preferred Stock?

The annual distribution rate is 8.00% of the $25 liquidation preference per share.

When are the payment dates for PDCC's preferred stock dividends in Q1 2025?

The payment dates are January 31, February 28, and March 31, 2025.

Why does PDCC's preferred dividend amount change after January 2025?

The dividend amount changes from $0.2389 in January to $0.1667 for February, March, and April 2025, while maintaining the annual 8.00% distribution rate.

What is the liquidation preference for PDCC Series A Preferred Stock?

The liquidation preference is $25 per share.