Pearl Diver Credit (PDCC)
Invests in CLO equity and junior debt backed by U.S. corporate loans.
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An externally managed closed-end fund investing primarily in CLO equity and junior debt tranches. Its portfolio is tied to U.S. senior secured, floating-rate corporate loans, while Pearl Diver Capital LLP manages investments under board oversight.
Invests primarily in equity and junior debt tranches of collateralized loan obligations, or CLOs. Those vehicles hold portfolios of sub-investment-grade, senior secured, floating-rate debt issued by U.S. companies across industries; the fund seeks portfolio total return and, secondarily, high current income.
Pearl Diver Capital LLP manages investments under the board's oversight, and ALPS Fund Services provides or arranges administrative services. The adviser describes a process that combines fundamental credit analysis and cash-flow modeling with machine-learning techniques, supported by databases of leveraged loans and CLO trustee reports. The listed fund is therefore dependent on its external adviser and administrative-service arrangements.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $99.7K · Total debt $6.9M · Total assets $141.3M · Shareholders' equity $98.6M
- Revenue
- $1.9M
- Operating income
- $0
- Net income
- $8.5M
Last cut to $0.13 from $0.22 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 16, 2026 | Nov 16 | Nov 30 | $0.13 | upcoming |
| Oct 16, 2026 | Oct 16 | Oct 30 | $0.13 | upcoming |
| Sep 16, 2026 | Sep 16 | Sep 30 | $0.13 | upcoming |
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.13 | |
| Jul 17, 2026 | Jul 17 | Jul 31 | $0.13 | |
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.13 | cut from $0.22 |
| May 15, 2026 | May 15 | May 29 | $0.22 | |
| Apr 16, 2026 | Apr 16 | Apr 30 | $0.22 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.22 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.22 | |
| Jan 16, 2026 | Jan 16 | Jan 30 | $0.22 |
| Strategic holders1 holder · as of Sep 10, 2025 | 21.44% | 1.46M shares | |
| Otherremainder | 78.56% | 5.34M shares |
6.80M company shares as of Aug 21, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
University of Wisconsin FoundationStrategic10 percent owner | 21.44% | 1.46M | 13Dfiled Sep 10, 2025 ↗ |
Echo ChanInsiderofficer: Vice President | 0.00% | 0 | Form 4filed May 21, 2026 ↗ |
Eagle Point Credit Management LLCInstitution | —26.80% of class, as filed | — | 13Gfiled May 5, 2026 ↗ |
Isthmus Capital LLCStrategic | —62.80% of class, as filed | — | 13Gfiled Nov 14, 2024 ↗ |
Karpus Management, Inc.Institution | —26.95% of class, as filed | — | 13Gfiled Aug 14, 2025 ↗ |
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
Nothing filed in the last 12 months.
- Eagle Point Credit Company
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- OFS Credit Company
CLO equity- and debt-focused CEF pursuing current income
- Eagle Point Income Company
Junior-debt CLO CEF with permitted CLO equity allocation
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pearl Diver Credit | $8.82 | +0.79% | $59.5M | 3.0 | — | 3.8 | — |
| Eagle Point Credit Company | $3.93 | +1.11% | $511.6M | — | 5.5 | 64.2 | −21.7% |
| OFS Credit Company | $2.56 | −0.39% | $75.2M | — | 2.6 | 2.1 | −83.3% |
| Eagle Point Income Company | $9.99 | 0.00% | $234.1M | — | — | 7.3 | −119.7% |
| Median | — | 4.1 | 7.3 | −83.3% |