Frequently Asked Questions
Who is Pearl Diver Credit Company Inc.?
Pearl Diver Credit Company Inc. (“the Company”) is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to maximize our portfolio’s total return with a secondary objective to generate high current income through investment in equity and junior debt tranches of collateralized loan obligations, or CLOs. The Company is externally managed and advised by Pearl Diver Capital, LLP. Shares of the Company’s common stock are listed on the New York Stock Exchange (“NYSE”) under the symbol “PDCC”.
Who is Pearl Diver Capital LLP?
Pearl Diver Capital LLP, or the “Adviser,” is our adviser and manages our investments subject to the supervision of our board of directors. The Adviser is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and, as of May 31, 2024, had approximately $2.6 billion of committed assets under management for investment in CLO securities and related investments.
What is Pearl Diver Credit Company’s CUSIP number for its common stock?
Pearl Diver Credit Company’s CUSIP number for its common stock is 70476Q100
How can I request additional information from the Company?
More information can be requested by visiting the Investor Request Form on our website.
Does The Company pay a dividend?
Subject to Board approval, the Company intends to distribute monthly dividends to shareholders of record.
Does the Company have a Dividend Reinvestment Plan (“DRIP”)?
Each holder of at least one full share of our common stock will be automatically enrolled in our dividend reinvestment plan, or the “DRIP.” Under the DRIP, distributions on shares of our common stock are automatically reinvested in additional shares of our common stock by SS&C GIDS, Inc. (the “DRIP administrator”) unless the holder opts out of the DRIP. Holders of our common stock who receive distributions in the form of additional shares of our common stock are nonetheless subject to the applicable federal, state, or local taxes on the reinvested distribution but will not receive a corresponding cash distribution with which to pay any applicable tax. The DRIP administrator (acting on our behalf) will primarily use newly-issued, authorized shares of common stock to implement reinvestment of distributions under the DRIP. Distributions that are reinvested through the issuance of new shares increase our stockholders’ equity on which a management fee is payable to the Adviser. If we declare a distribution payable in cash, holders of shares of our common stock who opt out of participation in the DRIP (including those holders whose shares are held through a broker or other nominee who has opted out of participation in the DRIP) generally will receive such distributions in cash.
