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8-K

Pearl Diver Credit Co Inc. (PDCC)

8-K 2024-08-05 For: 2024-08-05
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UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF1934

Date of Report (Date of EarliestEvent Reported): August 5, 2024

Pearl Diver Credit Co Inc.

Pearl Diver Credit Company Inc.

(Exact Name of Registrant as Specifiedin Charter)

STATE OF DELAWARE 811-23912 99-3901483
(State or otherjurisdiction incorporation) (Commission File Number) (I.R.S. EmployerIdentification Number)

747 Third Avenue

Suite 3603

New York, NY 10017

(Address of principal executive offices)

(877) 736-6777

(Registrant’s Telephone No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 8.01 Other Events

Pearl Diver Credit Company Inc. (the “Registrant”) has declared three separate monthly regular distributions of $0.22 per share on its common stock, payable on each of August 30, 2024, September 30, 2024 and October 30, 2024 to stockholders of record on August 16, 2024, September 16, 2024 and October 16, 2024, respectively.

Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated August 5, 2024
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

PEARL DIVER CREDIT COMPANY INC.
Dated: August 5, 2024 By: /s/ Indranil Basu
Indranil Basu
Chief Executive Officer

Exhibit 99.1

PEARL DIVER CREDIT COMPANY INC.DECLARES MONTHLY DIVIDENDS


New York / London – August5, 2024 - Pearl Diver Credit Company Inc. (NYSE: PDCC) (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 August, September, and October 2024.

Amount per Share Record Dates Payment Dates
$0.22 August 16, 2024 August 30, 2024
September 16, 2024 September 30, 2024
October 16, 2024 October 30, 2024

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) 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.

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As of June 30, 2024, Pearl Diver Capital has approximately $2.6 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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