Pearl Diver Credit Company Inc. reported that management’s unaudited net asset value (NAV) per share of its common stock was $17.41 as of August 31, 2025.
NAV per share represents the value of the company’s assets minus its liabilities, divided by the number of common shares. This figure helps investors understand what each share is effectively backed by based on the company’s underlying portfolio and balance sheet at that date.
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.