Welcome to our dedicated page for Pearl Diver Credit Co news (Ticker: PDPA), a resource for investors and traders seeking the latest updates and insights on Pearl Diver Credit Co stock.
Pearl Diver Credit Co Inc (PDPA) provides specialized investment exposure through collateralized loan obligation (CLO) strategies. This news hub offers stakeholders timely updates on the company's financial performance and market positioning within structured credit markets.
Access official press releases covering quarterly earnings, dividend declarations, and strategic portfolio developments. Our curated collection includes analyses of CLO market trends, risk management updates, and management commentary - all essential for understanding this closed-end fund's unique value proposition.
Key content categories include:
- Earnings results and distribution announcements
- Portfolio rebalancing and CLO acquisition updates
- Credit market analysis impacting junior debt tranches
- Regulatory filings and corporate governance changes
Bookmark this page for direct access to PDPA's financial communications. Check regularly for insights into how the company navigates floating-rate debt markets while maintaining its focus on total return objectives.
Pearl Diver Credit Company reported its Q1 2025 financial results, showing mixed performance. The company's net asset value per share decreased to $18.33 from $19.89, primarily due to unrealized losses in CLO equity valuations caused by market-wide risk-premium increases.
Key financial metrics include:
- Net investment income: $3.4 million ($0.50 per share)
- Investment income: $6.0 million ($0.89 per share)
- Expenses: $2.6 million ($0.38 per share)
- Net loss: $6.1 million ($0.90 per share)
The company's CLO portfolio maintained a 15.57% weighted average effective yield, with exposure to 1,200 unique corporate obligors. Leverage stood at $40.4 million, representing 23.2% of total assets. The company successfully completed its Series A Term Preferred Stock offering, raising $33.2 million through 1,480,000 shares at $25 per share.
Pearl Diver Credit Company (NYSE: PDCC, PDPA) has scheduled its first quarter 2025 earnings release for Tuesday, April 29, 2025, before market open. The company will host a conference call on the same day at 11:00 a.m. Eastern Time / 4:00pm UK time to discuss the financial results.
Participants can join the call by dialing 1-877-407-9208 (US) or 1-201-493-6784 (international) approximately 10 minutes before the start time. A live audio webcast will be available on the company's website, with a replay accessible within two hours after the call's conclusion.
Pearl Diver Credit Company (NYSE: PDCC) has announced its Board of Directors' declaration of regular monthly dividends of $0.22 per share for February, March, and April 2025. The dividends will be paid according to the following schedule:
- February: Record date Feb 14, payment date Feb 28
- March: Record date Mar 17, payment date Mar 31
- April: Record date Apr 16, payment date Apr 30
Shareholders participating in the Dividend Reinvestment Plan (DRIP) will have their distributions automatically reinvested in additional shares. When the market price equals or exceeds net asset value, new shares will be issued at the greater of the net asset value or 95% of current market price. If net asset value exceeds market price, shares will be purchased in the open market.
Pearl Diver Credit Company (NYSE: PDCC, PDPA) has announced its upcoming fourth quarter 2024 earnings release and conference call schedule. The financial results will be released before market open on Tuesday, January 28, 2025, followed by a conference call at 11:00 a.m. Eastern Time / 4:00pm UK time on the same day.
Investors and analysts can participate by dialing 1-877-407-9208 (international: 1-201-493-6784) approximately 10 minutes before the call starts. A live audio webcast will be available on the company's website, and a replay will be accessible within two hours after the call concludes.
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.
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