Pearl Diver Credit (PDCC)
Invests in CLO equity and junior debt backed by U.S. corporate loans.
Pearl Diver Credit Company Inc. (PDCC) Q2 2026 Earnings Call Prepared Remarks Transcript
Pearl Diver Credit Company Inc. (PDCC) Q2 2026 Earnings Call Prepared Remarks Transcript
Pearl Diver Credit Q2 Earnings Call Highlights
Pearl Diver Credit NYSE: PDCC reported a recovery in net asset value and positive operating results for the second quarter of 2026 as CLO equity market liquidity and valuations improved from the prior quarter.
Pearl Diver Credit Company Inc. Announces Second Quarter 2026 Financial Results
- Company to Host Conference Call and Webcast at 10:00 AM ET Today - NEW YORK and LONDON, Aug. 27, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the second quarter ended June 30, 2026. "The recovery we saw across CLO equity markets this quarter came through clearly in our results, with net asset value strengthening as spreads tightened across the capital structure," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company.
Pearl Diver Credit Company Inc. Declares Monthly Dividends
NEW YORK and LONDON, Aug. 27, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Company's common stock of $0.13 per share for September, October, and November 2026. Amount per Common Share Record Dates Payment Dates $0.13 September 16, 2026 September 30, 2026 October 16, 2026 October 30, 2026 November 16, 2026 November 30, 2026 The distribution will be automatically reinvested in additional shares of our common stock unless a stockholder opts out of the Dividend Reinvestment Plan ("DRIP") and elects to receive the distribution in cash.
Pearl Diver Credit: 7.8% YTM On Preferred Stock Remains Attractive
Pearl Diver Credit has seen its NAV per share decline by 22% in the first five months of 2026, raising concerns about portfolio erosion. I focus on PDCC's term preferred shares (PDPA), which offer an 8% yield and a hard maturity date of December 31, 2029, providing a senior claim and asset coverage protection. Preferred dividends are well-covered by net investment income, but ongoing unrealized losses and NAV stability remain key monitoring points for both common and preferred holders.
Pearl Diver Credit Company Inc. (PDCC) Q1 2026 Earnings Call Transcript
Pearl Diver Credit Company Inc. (PDCC) Q1 2026 Earnings Call Transcript
Pearl Diver Credit Q1 Earnings Call Highlights
Pearl Diver Credit NYSE: PDCC reported a first-quarter net loss as market-driven unrealized losses weighed on results, while management said recurring cash flows from its CLO portfolio remained strong enough to exceed distributions and expenses.
Pearl Diver Credit Company Inc. Declares Monthly Dividends
NEW YORK and LONDON, May 19, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Company's common stock of $0.13 per share for June, July, and August 2026. Amount per Common Share Record Dates Payment Dates $0.13 June 16, 2026 June 30, 2026 July 17, 2026 July 31, 2026 August 17, 2026 August 31, 2026 The distribution will be automatically reinvested in additional shares of our common stock unless a stockholder opts out of the Dividend Reinvestment Plan ("DRIP") and elects to receive the distribution in cash.
Pearl Diver Credit Company Inc. Announces First Quarter 2026 Financial Results
- Company to Host Conference Call and Webcast at 11:00 AM ET Today - NEW YORK and LONDON, May 19, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the first quarter ended March 31, 2026. "We remained focused in the quarter on proactively managing our CLO portfolio to deliver long-term value for shareholders as we continue to navigate through the significantly challenging environment for CLO equity," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company.
Pearl Diver Credit Company Inc. Schedules First Quarter 2026 Earnings Release and Conference Call
- Conference Call Scheduled for Tuesday, May 19 at 11:00 am Eastern Time / 4:00 pm UK Time - NEW YORK and LONDON, May 12, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its first quarter 2026 financial results will be released prior to market open on Tuesday, May 19, 2026. The Company will also host a conference call and webcast at 11:00am Eastern Time / 4:00pm UK time on the same day to discuss its financial results.
Pearl Diver Credit Company Inc. (NYSE:PDCC) Sees Large Increase in Short Interest
Pearl Diver Credit Company Inc. (NYSE: PDCC - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,745 shares, a growth of 289.8% from the February 26th total of 1,987 shares. Based on an average trading volume of
Pearl Diver Credit: Preferred Stock Is The Way To Go
Pearl Diver Credit Company preferred shares offer an 8% yield with a mandatory 2029 call, providing a fixed-term, fixed-yield profile. PDPA boasts a robust 563% dividend coverage ratio and a 338% asset coverage ratio, well above the 200% regulatory minimum despite recent NAV declines. Key risks include further deterioration in CLO equity valuations, which could threaten the asset coverage ratio but currently allow for a 70% additional loss buffer.
Pearl Diver Credit Company Inc. Announces Fourth Quarter 2025 Financial Results
- Company to Host Conference Call and Webcast at 11:00 AM ET Today - NEW YORK and LONDON, Feb. 17, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the fourth quarter ended December 31, 2025. "While the macro environment and our net asset value remain challenged due to the further tightening of loan spreads, we were pleased to once again deliver increased sequential recurring cash flows in excess of distributions and expenses, as well as improved sequential net investment income," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company.
Pearl Diver Credit Company Inc. Schedules Fourth Quarter 2025 Earnings Release and Conference Call
- Conference Call Scheduled for Tuesday, February 17 at 11:00 am Eastern Time / 4:00 pm UK Time - NEW YORK and LONDON, Feb. 10, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its fourth quarter 2025 financial results will be released prior to market open on Tuesday, February 17, 2026. The Company will also host a conference call and webcast at 11:00am Eastern Time / 4:00pm UK time on the same day to discuss its financial results.
Pearl Diver Credit Company Inc. Declares Monthly Dividends
NEW YORK and LONDON, Jan. 28, 2026 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Company's common stock of $0.22 per share for February, March, April, and May 2026. Amount per Common Share Record Dates Payment Dates $0.22 February 13, 2026 February 27, 2026 March 17, 2026 March 31, 2026 April 16, 2026 April 30, 2026 May 15, 2026 May 29, 2026 The distribution will be automatically reinvested in additional shares of our common stock unless a stockholder opts out of the Dividend Reinvestment Plan ("DRIP") and elects to receive the distribution in cash.
Pearl Diver Credit Company Inc. Announces Third Quarter 2025 Financial Results
- Company to Host Conference Call and Webcast at 11:00 AM ET Today - NEW YORK and LONDON , Nov. 18, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the third quarter ended September 30, 2025. "Despite near-term industry headwinds associated with the First Brands bankruptcy, our portfolio delivered increased sequential recurring cash flows in excess of distributions and expenses," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company.
Pearl Diver Credit Company: Shares Are A 'Maybe,' Preferreds Are A 'Yes'
Pearl Diver Credit Company specializes in CLO equity, but I favor its Series A preferred shares (PDPA) for their superior capital stack position. PDPA offers an 8% cumulative dividend, trades near par, and boasts a strong asset coverage ratio of nearly 400%, enhancing safety. With a mandatory redemption in December 2029 and a yield to maturity around 7.7%, PDPA provides attractive risk-adjusted returns.
Pearl Diver Credit Company Inc. Schedules Third Quarter 2025 Earnings Release and Conference Call
- Conference Call Scheduled for Tuesday, November 18, 2025 at 11:00 am Eastern Time / 4:00 pm UK Time - NEW YORK and LONDON , Nov. 11, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its third quarter 2025 financial results will be released prior to market open on Tuesday, November 18, 2025. The Company will also host a conference call and webcast at 11:00am Eastern Time / 4:00pm UK time on the same day to discuss its financial results.
Pearl Diver Credit Company Inc. Declares Monthly Dividends
NEW YORK and LONDON , Nov. 4, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Company's common stock of $0.22 per share for November and December 2025, and January 2026. Amount per Common Share Record Dates Payment Dates $0.22 November 14, 2025 November 28, 2025 December 17, 2025 December 31, 2025 January 16, 2026 January 30, 2026 The distribution will be automatically reinvested in additional shares of our common stock unless a stockholder opts out of the Dividend Reinvestment Plan ("DRIP") and elects to receive the distribution in cash.
Pearl Diver Credit Company Inc. Announces Second Quarter 2025 Financial Results
- Company to Host Conference Call and Webcast at 11:00 AM ET Today - NEW YORK and LONDON , Aug. 26, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced financial results for the second quarter ended June 30, 2025. "The Company delivered a solid second quarter, particularly given the ongoing volatility in the macro environment, and our momentum has carried forward into July," said Indranil Basu, Chief Executive Officer of Pearl Diver Credit Company.