Pearl Diver Credit Company Inc.·Financial Services

Pearl Diver Credit Company Inc. (PDCC) Q1 2026 Earnings Call Transcript

- 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.

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.

- 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 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. operates as an investment company with a primary objective to maximize total return and a secondary objective to generate high current income through investments in CLOs.
Financial Services
Asset Management
2024-12-16
0.13