PDCC
Pearl Diver Credit Company Inc.PDCC
PDCC
About: PEARL DIVER CREDIT COMPANY INC is a non-diversified closed ended management investment company.
0
Funds holding %
of 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
2% more capital invested
Capital invested by funds: $45.9M [Q3] → $46.7M (+$806K) [Q4]
0% more funds holding
Funds holding: 6 [Q3] → 6 (+0) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
0.03% less ownership
Funds ownership: 33.74% [Q3] → 33.7% (-0.03%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for PDCC.
Financial journalist opinion
Based on 3 articles about PDCC published over the past 30 days
Positive
Seeking Alpha
1 week ago
CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains
We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.
Neutral
PRNewsWire
2 weeks ago
Pearl Diver Credit Company Inc. Declares Monthly Dividends
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.
Neutral
PRNewsWire
3 weeks ago
Pearl Diver Credit Company Inc. Announces Fourth Quarter 2024 Financial Results
NEW YORK and LONDON, Jan. 28, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced financial results for the fourth quarter ended December 31, 2024. Fourth Quarter 2024 Results Net asset value per share of common stock $19.89 as of December 31, 2024.
Neutral
PRNewsWire
1 month ago
Pearl Diver Credit Company Inc. Announces Fourth Quarter 2024 Earnings Conference Call
NEW YORK and LONDON , Jan. 21, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its fourth quarter 2024 financial results will be released before market open on Tuesday, January 28, 2025. The Company will host a conference call at 11:00 a.m.
Neutral
PRNewsWire
1 month ago
Pearl Diver Credit Company Inc. Announces Full Exercise of Overallotment Option on Offering of Series A Preferred Stock
NEW YORK and LONDON , Jan. 6, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that the underwriters of its previously announced public offering (the "Offering") of the Company's 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") have fully exercised their option to purchase an additional 180,000 Preferred Shares at a public offering price of $25.00 per share. After giving effect to the full exercise of the overallotment option, the total number of Preferred Shares sold by the Company in the Offering increased to 1,380,000.
Positive
Seeking Alpha
1 month ago
PDPA: An 8.00% Term Preferred IPO From Pearl Diver Credit Company
Pearl Diver Credit Company Inc. launched its first fixed-income security, PDPA, an 8.0% Series A Term Preferred Stock, maturing on 12/31/2029. PDPA offers an 8.00% cumulative annual dividend, trading at $24.88 with a Yield to Maturity of 8.12% and Yield to Call of 8.26%. Despite lacking a credit rating, PDPA's asset coverage covenants and underwriter credit spreads align with established CLO Equity sector companies.
Neutral
PRNewsWire
1 month ago
Pearl Diver Credit Company Inc. Declares Monthly Preferred Dividends
NEW YORK and LONDON , Jan. 3, 2025 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC, PDPA) (the "Company") today announced that its Board of Directors has declared monthly dividends on shares of the Company's 8.00% Series A Term Preferred Stock Due 2029 of $0.2389 per share for January 2025, and $0.1667 per share for February, March, and April 2025. Amount per Share Record Dates Payment Dates $0.2389 January 15, 2025 January 31, 2025 $0.1667 February 14, 2025 February 28, 2025 $0.1667 March 17, 2025 March 31, 2025 $0.1667 April 16, 2025 April 30, 2025 The distributions on the Series A Term Preferred Stock reflect an annual distribution rate of 8.00% of the $25 liquidation preference per share.
Neutral
Seeking Alpha
1 month ago
Preferreds Weekly Review: Market Doesn't Differentiate Between CLO Equity Senior Securities
We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. All preferred stock sectors declined, mirroring Treasuries, with CMT-linked preferreds up 1.4%, SOFR preferreds flat, and fixed-rate preferreds down 2.8% in December. CLO Equity CEF PDCC issued a new 8% 2029 term preferred.
Neutral
PRNewsWire
2 months ago
Pearl Diver Credit Company Inc. Announces Closing of Offering of Series A Preferred Stock
NEW YORK and LONDON , Dec. 19, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced the closing of its previously announced public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25.00 per share. The Company intends to use the proceeds from the offering to acquire investments in accordance with the investment objectives and strategies described in the prospectus relating to this offering and for general working capital purposes.
Neutral
PRNewsWire
2 months ago
Pearl Diver Credit Company Inc. Prices Offering of Series A Preferred Stock
NEW YORK and LONDON , Dec. 12, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") today announced that it has priced an underwritten public offering of 1,200,000 shares of its 8.00% Series A Preferred Stock Due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $28.8 million after payment of underwriting discounts and estimated offering expenses payable by the Company. The Preferred Shares are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency.
Charts implemented using Lightweight Charts™