Form 497AD - Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
13 Mars 2025 - 9:30PM
Edgar (US Regulatory)
Filed pursuant to Rule 497
File No. 333-275147
Rule 482ad
22 20 18 16 14 12 10 Top 10 Obligor Exposure Top 10 Positions ASURION, LLC 0.6% LCM 42 Ltd. 5.2% TRANSDIGM INC. 0.6% CQS US CLO 2023-3 Ltd. 4.4% QUIKRETE HOLDINGS, INC. 0.4% Signal Peak CLO 14 Ltd. 3.9% JANE STREET GROUP, LLC 0.4% Regatta XIX Funding Ltd. 3.5% CLOUD SOFTWARE GROUP, INC. 0.4% RR 19 Ltd. 3.4% INEOS US FINANCE LLC 0.4% AMMC CLO 24 Ltd. 3.2% WEC US HOLDINGS LTD. 0.4% LCM 39 Ltd. 3.2% MEDLINE BORROWER, LP 0.4% Harvest US CLO 2024-1 Ltd. 2.9% AI AQUA MERGER SUB, INC. 0.4% 37 Capital CLO 2 Ltd. 2.9% SEDGWICK CLAIMS MANAGEMENT SERVICES, INC. 0.4% 37 Capital CLO 1 Ltd. 2.8% Total 4.4% Total 35.3% Top 10 CLO managers Top 10 Industry Exposure LCM 9.5% Software 8.7% Apollo 8.7% Health Care Providers & Services 5.3% Ares 8.3% Chemicals 4.7% Putnam 6.3% Media 4.3% Investcorp 6.2% Hotels, Restaurants & Leisure 4.2% OakTree 5.3% Professional Services 4.1% CQS 5.0% Commercial Services & Supplies 4.0% Sound Point 4.7% Insurance 3.5% York 4.7% Diversified Financial Services 3.1% Napier 4.5% Building Products 3.0% Total 63.3% Total 45.0% 35% 30% 25% 20% 15% 10% 5% 0% 2013 2015 2016 2019 2020 2021 2022 2023 2024 2025 Closing Date 35% 30% 25% 20% 15% 10% 5% 0% 2026 2027 2028 2029 2030 RED 40% 35% 30% 25% 20% 15% 10% 5% 0% Moody's Rating 70% 60% 50% 40% 30% 20% 10% 0% <70 70-80 80-90 90-95 95-97.5 97.5-100 >=100 Loan Market Price 1 Calculated using market mid prices of loans in CLO portfolios, excluding bonds. Past performance is not indicative of, or a guarantee of, future performance. Please review the important information and notes on page 2. Totals may not always sum due to rounding. 1 PEARL DIVER CREDIT COMPANY INC. February 2025 29.0% 26.6% 22.5% 32.4% 26.4% 21.5% 15.1% Underlying Collateral Rating Distribution 58.8% 27.0% 33.9% 17.5% 17.8% 11.1% % of Fund NAV % of Fund NAV A3 or? Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Caa1 Caa2 Caa3 Below CCC N/R Closing Price Per Share ($) % of Fund NAV % of Fund NAV Common Stock Data as of 2/28/2025 Ticker Symbol PDCC Total Net Asset Value $132.66 million Net Asset Value Per Share $19.52 Closing Price Per Share $20.10 Premium / Discount 3.0% Total Market Capitalization $136.61 million Current Dividend Yield 13.1% Frequency of Payments Monthly Summary of Underlying Portfolio Number of Unique Underlying Obligors 1,239 Number of Underlying Loans 1,724 Average Individual Obligor Exposure 0.08% Aggregate Balance of Underlying Loans $20.58 billion Cash and Short Term Investments % of Fund 10.4% Currency: USD Exposure 100%
1 Calculated using market mid prices of loans in CLO portfolios, excluding bonds.
Past performance is not indicative of, or a guarantee of, future performance. Please review the important information and notes on page 2. |
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Totals may not always sum due to rounding. |
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Investors should consider Pearl Diver Credit Company
Inc.’s (the “Company”) investment objectives, risks, charges and expenses carefully before investing in securities
of the Company. The Company’s prospectus contains this and other important information about the fund. Investors should read
the Company’s prospectus and Securities and Exchange Commission (“SEC”) filings (which are publicly available on
the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk
tolerance before investing in the Company. The investment program of the Company is speculative and entails substantial risk,
including the possible loss of principal. There can be no assurance that Company’s investment objectives will be achieved. An
investment in the Company is not appropriate for all investors and is not intended to be a complete investment program. Shares of
closed-end investment companies, such as the Company, frequently trade at a discount from their net asset value, which may increase
investors’ risk of loss. The Company invests a significant portion of its assets in CLO equity securities, which often involve
risks that are different from or more acute than risks associated with other types of credit instruments. Shares of closed-end
investment companies, such as the Company, frequently trade at a discount from their net asset value, which may increase
investors’ risk of loss. Past performance is not indicative of, or a guarantee of, future performance. The performance and
certain other portfolio information quoted herein represents information as of dates noted herein. Nothing herein shall be relied
upon as a representation as to the future performance or portfolio holdings of the Company. Investment return and principal value of
an investment will fluctuate, and shares, when sold, may be worth more or less than their original cost. The Company’s
performance is subject to change since the end of the period noted in this report and may be lower or higher than the performance
data shown herein.
From time to time, the Company may have a registration statement
relating to one or more of its securities on file with the SEC. Any registration statement that has not yet been declared effective by
the SEC, and any prospectus relating thereto, is not complete and may be changed. Any securities that are the subject of such a registration
statement may not be sold until the registration statement is filed with the SEC is effective.
The information and its contents are the property of the
Company. Any unauthorized dissemination, copying or use of this presentation is strictly prohibited and may be in violation of law.
Investor Contact: Info@Pearldivercap.com
UK: +44 (0)20 3967 8032
US: +1 617 872 0945
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Pearl Diver Credit (NYSE:PDPA)
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Pearl Diver Credit (NYSE:PDPA)
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