[SCHEDULE 13G/A] Pearl Diver Credit Company Inc. 8.00% Series A Preferred Stock Due 2029 SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Material disclosed stake: Eagle Point reports ownership of 376,306 preferred shares, representing 27.3% of the class.
• Sole voting and dispositive power: The filer states it has exclusive authority to vote and dispose of the reported shares.
• Passive intent certified: The filing certifies the shares were acquired and are held in the ordinary course and not to change or influence control of the issuer.

Negative

• None.

Insights

Financial Analyst

TL;DR: A large, disclosed passive stake—27.3% of Pearl Diver preferred—may influence market perception but is presented as non‑control.

The filing shows Eagle Point Credit Management holds 376,306 preferred shares (27.3% of the class) with sole voting and dispositive power. From an investor perspective, a >25% position in a single class of securities is material to ownership concentration and could affect trading liquidity and pricing for that security class. The filing’s certification of ordinary‑course acquisition and no intent to influence control frames the stake as passive, which reduces immediate governance implications but does not eliminate potential market impact if the holder alters its position.

Corporate Governance Expert

TL;DR: Substantial preferred ownership disclosed, but the filer affirms passive intent, limiting immediate governance concerns.

Holding 27.3% of a preferred share class with sole voting and dispositive authority makes Eagle Point a significant holder from a governance disclosure standpoint. The explicit statement that the securities are held in the ordinary course and not to influence control signals no present hostile or activist intent. However, the combination of material ownership and sole voting power means any future change in intent or coordination could have governance implications; the filing simply documents current status rather than future actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Pearl Diver Credit Company Inc.

(Name of Issuer)

Preferred Shares

(Title of Class of Securities)

70476Q209

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 70476Q209

1

Names of Reporting Persons

Eagle Point Credit Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 376,306.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 376,306.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

376,306.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

27.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pearl Diver Credit Company Inc.
(b)	Address of issuer's principal executive offices: 747 Third Avenue, Suite 3603 New York, NY, 10017
Item 2.
(a)	Name of person filing: Eagle Point Credit Management LLC
(b)	Address or principal business office or, if none, residence: 600 Steamboat Road, Suite 202 Greenwich, CT 06830
(c)	Citizenship: Organized in the State of Delaware
(d)	Title of class of securities: Preferred Shares
(e)	CUSIP No.: 70476Q209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 376,306 shares
(b)	Percent of class: 27.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 376,306 shares
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 376,306 shares
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Eagle Point Credit Management LLC

Signature:	/s/ Courtney Fandrick
Name/Title:	Courtney Fandrick, Chief Compliance Officer
Date:	08/12/2025

FAQ

How many Pearl Diver Credit preferred shares does Eagle Point own (PDPA)?

Eagle Point Credit Management reports beneficial ownership of 376,306 preferred shares, representing 27.3% of the class.

Does Eagle Point have voting control over the PDPA preferred shares?

Yes. The filing states Eagle Point has sole voting power and sole dispositive power over the reported shares.

Is Eagle Point claiming the PDPA stake is passive?

Yes. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What class of securities is reported in the filing for PDPA?

The filing reports ownership of the issuer’s preferred shares.

Who filed the Schedule 13G for PDPA on behalf of Eagle Point?

The filing was submitted by Eagle Point Credit Management LLC, identified as an investment adviser (Type: IA in the filing).