Pearl Diver Credit (PDCC)
Invests in CLO equity and junior debt backed by U.S. corporate loans.
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An externally managed closed-end fund investing primarily in CLO equity and junior debt tranches. Its portfolio is tied to U.S. senior secured, floating-rate corporate loans, while Pearl Diver Capital LLP manages investments under board oversight.
Invests primarily in equity and junior debt tranches of collateralized loan obligations, or CLOs. Those vehicles hold portfolios of sub-investment-grade, senior secured, floating-rate debt issued by U.S. companies across industries; the fund seeks portfolio total return and, secondarily, high current income.
Pearl Diver Capital LLP manages investments under the board's oversight, and ALPS Fund Services provides or arranges administrative services. The adviser describes a process that combines fundamental credit analysis and cash-flow modeling with machine-learning techniques, supported by databases of leveraged loans and CLO trustee reports. The listed fund is therefore dependent on its external adviser and administrative-service arrangements.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.2M · Total debt $4.7M · Total assets $116.9M · Shareholders' equity $111.0M
- Revenue
- $4.1M
- Operating income
- $9.3M
- Net income
- $8.5M
HistoryDividendAnnual yieldUpcoming
| Strategic holders | 21.44% | 1.46M shares | |
|---|---|---|---|
| 1 holder · as of Sep 10, 2025 | |||
| Other | 78.56% | 5.34M shares | |
| remainder | |||
6.80M company shares as of Aug 21, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
University of Wisconsin FoundationStrategic10 percent owner | 21.44% | 1.46M | filed Sep 10, 2025 |
Echo ChanInsiderofficer: Vice President | 0.00% | 0 | filed May 21, 2026 |
Eagle Point Credit Management LLCInstitution | —26.80% of class, as filed | — | filed May 5, 2026 |
Isthmus Capital LLCStrategic | —62.80% of class, as filed | — | filed Nov 14, 2024 |
Karpus Management, Inc.Institution | —26.95% of class, as filed | — | filed Aug 14, 2025 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Eagle Point Credit Company
CLO equity and junior-debt CEF focused on income and appreciation
- OFS Credit Company
CLO equity- and debt-focused CEF pursuing current income
- Eagle Point Income Company
Junior-debt CLO CEF with permitted CLO equity allocation
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pearl Diver Credit | $8.75 | −1.13% | $60.2M | — | — | 3.5 | −25.2% |
| Eagle Point Credit Company | $3.60 | −0.42% | $477.3M | — | 5.1 | 59.9 | −21.7% |
| OFS Credit Company | $2.35 | −0.95% | $69.6M | — | 2.9 | 2.4 | −47.2% |
| Eagle Point Income Company | $9.53 | −0.31% | $224.0M | — | — | 6.9 | −119.7% |
| Median | — | 4.0 | 6.9 | −47.2% |