Welcome to our dedicated page for Pearl Diver Credit Co SEC filings (Ticker: PDPA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Pearl Diver Credit Company Inc. 8.00% Series A Preferred Stock Due 2029 (NYSE: PDPA) provides access to the regulatory documents filed by the issuer, Pearl Diver Credit Company Inc., as a closed-end management investment company. These filings cover both the company’s common stock (PDCC) and its 8.00% Series A Preferred Stock Due 2029, which are registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on the New York Stock Exchange.
Among the most relevant documents for PDPA holders are Form 8-K current reports, where the company discloses material events. Recent 8-K filings include updates on management’s unaudited net asset value per share of common stock as of specific month-end or year-end dates, the authorization and terms of an at-the-market equity offering of common stock under a Form N-2 registration statement, and details of the underwritten public offering of the 8.00% Series A Term Preferred Stock Due 2029. These filings also confirm the listing of PDPA on the New York Stock Exchange and describe the preferred stock’s role in the company’s leverage.
Investors can also review proxy materials such as the definitive proxy statement (DEF 14A), which explain how holders of common and preferred stock participate in the election of directors and how the classes vote, including the separate voting rights of preferred stockholders for a designated director. This provides insight into the governance framework that applies to PDPA holders.
Additional filings, including registration statements and prospectus supplements referenced in Form 8-K, describe the company’s status as an externally managed, non-diversified, closed-end management investment company and outline its investment objectives and focus on CLO equity and junior debt tranches. These documents also detail the equity distribution agreement for at-the-market offerings and related legal opinions.
On this page, users can access these filings as they are made available through the SEC’s EDGAR system, and AI-powered tools can help summarize key points such as net asset value updates, capital raising terms, preferred stock characteristics and governance provisions. This allows investors and analysts to quickly understand how new regulatory disclosures may relate to the 8.00% Series A Preferred Stock Due 2029 and the broader capital structure of Pearl Diver Credit Company Inc.
Pearl Diver Credit Company Inc. reports a net asset value of $118.32 million, with NAV per share of $17.41 and a closing market price of $17.48, representing a 0.4% premium. The fund shows a 15.1% current dividend yield paid monthly and a total market capitalization of $118.80 million. The portfolio holds 1,948 underlying loans across 1,301 unique obligors with an aggregate loan balance of $25.22 billion and 3.8% cash.
Top concentrations include 10 largest positions totaling 38.0% of NAV, top 10 CLO managers representing 57.0% of NAV, and top 10 obligors at 5.2% of NAV. Industry exposure is led by Software (8.3%) and Health Care Providers & Services (4.6%). Distributions of underlying collateral ratings and loan market price buckets are provided in the filing.
Karpus Management, Inc. reports beneficial ownership of 371,929 shares of Pearl Diver Credit Co Inc. Preferred (CUSIP 70476Q209), representing 26.95% of the class. The filing states Karpus is a registered investment adviser and that the shares are owned directly by accounts it manages. Karpus asserts sole voting and sole dispositive power over the reported shares and notes informational barriers with its parent, City of London Investment Group plc, so voting and investment power are exercised independently by Karpus. The issuer's principal executive office is listed in New York.
Pearl Diver Credit Company Inc. reports a net asset value (NAV) of $125.61 million with NAV per share of $18.48 and a closing market price of $16.20, reflecting a -12.3% discount to NAV. The fund shows a current dividend yield of 16.3% with monthly distributions and a total market capitalization of $110.10 million. The portfolio holds 1,293 unique obligors across 1,834 underlying loans with an aggregate collateral balance of $24.43 billion and 4.9% in cash and short-term investments.
Holdings detail includes modest single-obligor weights (top 10 obligors total 4.6% of NAV) but notable portfolio concentration at the CLO level: the top 10 positions represent 38.6% of NAV and the top 10 CLO managers account for 58.6%. Industry exposures are led by Software at 8.1%, with the top 10 industries totaling 42.0% of NAV. All exposure is reported in USD.
Eagle Point Credit Management LLC reported beneficial ownership of 376,306 preferred shares of Pearl Diver Credit Company Inc., representing 27.3% of the class. The filer states it has sole voting and sole dispositive power over these shares, meaning it controls how the shares are voted and how they are disposed.
The filing also includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer, indicating the filer characterizes the position as passive rather than an attempt to exert control.
Pearl Diver Credit Company Inc. filed a Form 8-K under Item 8.01 reporting management's unaudited net asset value (NAV) per share of common stock of $18.48 as of July 31, 2025. The filing also lists the companys registered securities, including common stock (PDCC) and the 8.00% Series A Preferred Stock due 2029 (PDPA).
The disclosure in the provided text is limited to this single NAV statement from management and does not include audited financial statements, earnings figures, material transactions, or other substantive items.