Pearl Diver Credit Company Inc. Declares Monthly Dividends

Rhea-AI Summary

Pearl Diver Credit Company (NYSE: PDCC) has announced its Board of Directors' declaration of regular monthly dividends of $0.22 per share for February, March, and April 2025. The dividends will be paid according to the following schedule:

- February: Record date Feb 14, payment date Feb 28
- March: Record date Mar 17, payment date Mar 31
- April: Record date Apr 16, payment date Apr 30

Shareholders participating in the Dividend Reinvestment Plan (DRIP) will have their distributions automatically reinvested in additional shares. When the market price equals or exceeds net asset value, new shares will be issued at the greater of the net asset value or 95% of current market price. If net asset value exceeds market price, shares will be purchased in the open market.

Positive

• Regular monthly dividend of $0.22 per share maintained
• DRIP offers 5% discount on shares when market price exceeds NAV
• Consistent dividend payment schedule established through April 2025

Negative

• None.

NEW YORK and LONDON, Feb. 3, 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 Fund's common stock of $0.22 per share for February, March, and April 2025.

PDCC declares $0.22 per common share dividend for February, March, and April 2025.

Amount per Share	Record Dates	Payment Dates
$0.22	February 14, 2025	February 28, 2025
	March 17, 2025	March 31, 2025
	April 16, 2025	April 30, 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, PDPA) 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 December 31, 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 the monthly dividend amount for PDCC stock in Q1 2025?

Pearl Diver Credit Company (PDCC) has declared a monthly dividend of $0.22 per share for February, March, and April 2025.

When are the PDCC dividend payment dates for Q1 2025?

The dividend payment dates are February 28, March 31, and April 30, 2025.

What are the record dates for PDCC's Q1 2025 dividends?

The record dates are February 14, March 17, and April 16, 2025.

How does PDCC's Dividend Reinvestment Plan (DRIP) work?

Under PDCC's DRIP, dividends are automatically reinvested in new shares at either NAV or 95% of market price (whichever is higher) when market price exceeds NAV. If NAV exceeds market price, shares are purchased in the open market.

Can PDCC shareholders opt out of the Dividend Reinvestment Plan?

Yes, stockholders can opt out of the DRIP and elect to receive their distributions in cash instead of having them automatically reinvested.