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Pearl Diver Credit Company Inc. Declares Monthly Dividends

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Pearl Diver Credit Company (NYSE: PDCC) has announced its Board of Directors' declaration of regular monthly dividends of $0.22 per share for November and December 2024, and January 2025. The payments will be distributed on November 29, December 31, 2024, and January 31, 2025, respectively, to shareholders of record on November 15, December 17, 2024, and January 17, 2025. Shareholders participate in the Dividend Reinvestment Plan (DRIP) automatically unless they opt out. Under DRIP, new shares are issued at the greater of NAV or 95% of market price if market price equals or exceeds NAV; otherwise, shares are purchased in the open market.

Pearl Diver Credit Company (NYSE: PDCC) ha annunciato la dichiarazione da parte del suo Consiglio di Amministrazione di dividendi mensili regolari di $0,22 per azione per i mesi di novembre e dicembre 2024, e gennaio 2025. I pagamenti saranno distribuiti il 29 novembre, il 31 dicembre 2024, e il 31 gennaio 2025, rispettivamente, agli azionisti registrati il 15 novembre, il 17 dicembre 2024, e il 17 gennaio 2025. Gli azionisti partecipano automaticamente al Piano di Reinvestimento dei Dividendi (DRIP) a meno che non decidano di uscire. Sotto il DRIP, nuove azioni vengono emesse al valore maggiore tra NAV o il 95% del prezzo di mercato se il prezzo di mercato è uguale o supera il NAV; in caso contrario, le azioni vengono acquistate sul mercato aperto.

Pearl Diver Credit Company (NYSE: PDCC) ha anunciado la declaración de su Junta Directiva de dividendos mensuales regulares de $0,22 por acción para noviembre y diciembre de 2024 y enero de 2025. Los pagos se distribuirán el 29 de noviembre, el 31 de diciembre de 2024 y el 31 de enero de 2025, respectivamente, a los accionistas registrados el 15 de noviembre, el 17 de diciembre de 2024 y el 17 de enero de 2025. Los accionistas participan automáticamente en el Plan de Reinversión de Dividendos (DRIP), a menos que opten por no hacerlo. Bajo el DRIP, se emitirá nuevas acciones al mayor entre NAV o el 95% del precio de mercado si el precio de mercado es igual o superior al NAV; de lo contrario, las acciones se compran en el mercado abierto.

Pearl Diver Credit Company (NYSE: PDCC)는 이사회가 2024년 11월 및 12월, 그리고 2025년 1월에 대해 주당 $0.22의 정기 월 배당금을 선언했다고 발표했습니다. 지급은 각각 2024년 11월 29일, 2024년 12월 31일, 2025년 1월 31일에 이루어지며, 주주는 각각 2024년 11월 15일, 12월 17일, 2025년 1월 17일 기준일에 등록된 주주들에게 지급됩니다. 주주들은 자동으로 배당 재투자 계획(DRIP)에 참여하게 되며, 이 계획에서 탈퇴할 수 있습니다. DRIP에 따르면, 새로운 주식은 NAV보다 크거나 같으면 시장 가격의 95% 또는 NAV의 큰 가격으로 발행되며, 그렇지 않으면 공개 시장에서 주식이 구매됩니다.

Pearl Diver Credit Company (NYSE: PDCC) a annoncé la déclaration de son Conseil d'administration concernant des dividendes mensuels réguliers de 0,22 $ par action pour les mois de novembre et décembre 2024 et janvier 2025. Les paiements seront effectués le 29 novembre, le 31 décembre 2024 et le 31 janvier 2025, respectivement, aux actionnaires inscrits au 15 novembre, au 17 décembre 2024 et au 17 janvier 2025. Les actionnaires participent automatiquement au Plan de Réinvestissement des Dividendes (DRIP), à moins qu'ils ne choisissent de s'en retirer. Dans le cadre du DRIP, de nouvelles actions sont émises au plus élevé entre la NAV ou 95 % du prix du marché si le prix du marché est égal ou supérieur à la NAV; sinon, les actions sont achetées sur le marché ouvert.

Pearl Diver Credit Company (NYSE: PDCC) hat die Erklärung des Verwaltungsrats für regelmäßige monatliche Dividenden von 0,22 $ pro Aktie für die Monate November und Dezember 2024 sowie Januar 2025 bekannt gegeben. Die Zahlungen werden am 29. November, 31. Dezember 2024 und 31. Januar 2025 an die Aktionäre verteilt, die am 15. November, 17. Dezember 2024 und 17. Januar 2025 im Aktienregister stehen. Aktionäre nehmen automatisch am Dividenden-Reinvestitionsplan (DRIP) teil, es sei denn, sie entscheiden sich gegen die Teilnahme. Im Rahmen des DRIP werden neue Aktien zum höheren Wert von NAV oder 95 % des Marktpreises ausgegeben, wenn der Marktpreis gleich oder höher als NAV ist; andernfalls werden die Aktien am offenen Markt gekauft.

Positive
  • Consistent monthly dividend payments of $0.22 per share
  • DRIP program offers shareholders opportunity to reinvest at potentially discounted prices
Negative
  • None.

NEW YORK and LONDON, Nov. 4, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that its Board of Directors has declared a regular monthly dividend on shares of the Fund's common stock of $0.22 per share for November and December 2024, and January 2025.

Amount per Share

Record Dates

Payment Dates

$0.22

November 15, 2024

November 29, 2024

December 17, 2024

December 31, 2024

January 17, 2025

January 31, 2025

Pearl Diver Credit Company Inc. has declared a dividend of $0.22/share for November and December 2024, and January 2025.

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. If the market price of the shares of common stock is equal to or exceeds net asset value at the time shares of common stock are valued for purposes of determining the number of shares of common stock equivalent to the cash dividend or capital gains distribution, participants in the DRIP are issued new shares of common stock from the Company, valued at the greater of (i) the net asset value as most recently determined or (ii) 95% of the then-current market price of the shares of common stock. The valuation date is the dividend or distribution payment date or, if that date is not a NYSE trading day, the next preceding trading day. If the net asset value of the shares of common stock at the time of valuation exceeds the market price of the shares of common stock, the DRIP Administrator will buy the shares of common stock for the DRIP in the open market.

About Pearl Diver Credit Company Inc.
Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com.

About Pearl Diver Capital LLP
Founded in 2008, Pearl Diver Capital specializes in collateralized loan obligation (CLO) investing. Its data scientists and credit analysts use proprietary technology and advanced analytics to identify attractive opportunities in the CLO market. Pearl Diver's highly experienced team includes individuals from a wide range of scientific and mathematical backgrounds.

As of September 30, 2024, Pearl Diver Capital has approximately $2.8 billion in assets under management across multiple private funds backed by institutional investors ranging from public pension plans, university endowments, foundations, large family offices, corporate/ERISA pension plans and asset managers across the US, Europe and Latin America. Because it is strictly an investor in the CLO space, not an issuer, it has developed close relationships with over 80 CLO managers – and their analysts – across the CLO spectrum, enabling the firm to have rare access to critical credit information on underlying companies in CLO portfolios while avoiding conflicts of interest that might arise in performing roles that span both CLO investing and CLO management. For more information, visit www.pearldivercapital.com.

Investor Contact:
Info@Pearldivercap.com
UK: +44 (0)20 3967 8032
US: +1 617 872 0945

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SOURCE Pearl Diver Credit Company Inc.

FAQ

What is Pearl Diver Credit Company's (PDCC) dividend amount for November 2024-January 2025?

Pearl Diver Credit Company (PDCC) declared a monthly dividend of $0.22 per share for November and December 2024, and January 2025.

When are PDCC's dividend payment dates for the announced periods?

The dividend payment dates are November 29, 2024, December 31, 2024, and January 31, 2025.

How does Pearl Diver Credit Company's (PDCC) Dividend Reinvestment Plan work?

PDCC's DRIP automatically reinvests dividends in new shares at the greater of NAV or 95% of market price if market price equals or exceeds NAV. If NAV exceeds market price, shares are purchased in the open market.

What are the record dates for PDCC's announced dividends?

The record dates are November 15, 2024, December 17, 2024, and January 17, 2025.

Pearl Diver Credit Company Inc.

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