Form 497AD - Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)]
11 Outubro 2024 - 5:30PM
Edgar (US Regulatory)
Filed pursuant to Rule 497
File No. 333-275147
Rule 482ad
Top 10 CLO managers Ares 10.9% Apollo 10.2% Putnam 7.7% Investcorp 7.2% York 5.7% Napier 5.6% OakTree 5.1% Sound Point 4.9% LCM 4.7% TCW 3.8% Total 65.8% Top 10 Industry Exposure Software 8.9% Health Care Providers & Services 5.4% Chemicals 5.0% Media 4.5% Hotels, Restaurants & Leisure 4.3% Commercial Services & Supplies 4.2% Professional Services 4.0% Aerospace & Defense 3.3% Insurance 3.3% Diversified Financial Services 3.3% Total 46.1% PDCC Stock Price 22 20 18 16 14 12 10 Top 10 Obligor Exposure ASURION, LLC 0.7% TRANSDIGM INC. 0.6% CLOUD SOFTWARE GROUP, INC. 0.4% WEC US HOLDINGS LTD. 0.4% MEDLINE BORROWER, LP 0.4% ALLIED UNIVERSAL HOLDCO LLC 0.4% ENTAIN HOLDINGS (GIBRALTAR) LIMITED 0.4% SEDGWICK CLAIMS MANAGEMENT SERVICES, INC. 0.4% PERATON CORP. 0.4% ENSEMBLE RCM, LLC 0.4% Total 4.5% 40% 35% 30% 25% 20% 15% 10% 5% 0% Moody's Rating 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 September 2024 52.0% 30.9% 6.7% 1.2% 3.0% 4.7% 35% 30% 25% 32.6% 30.8% 45% 40% 35% 30% 39.4% 30.0% 25.8% 20% 15.8% 15% 10% 25% 20% 15% 5.6% 4.2% 1.9% 2.1% 1.2% 10% 4.8% 2013 2015 2016 2019 2020 2021 2022 2023 2024 2026 2027 2028 2029 Closing Date RED Price Distribution of Underlying Obligors1 Underlying Collateral Rating Distribution CLO Reinvestment End Date Distribution CLO Vintage Distribution 35.8% 16.3% 16.5% 11.3% 5.4% 6.8% 0.3% 0.1% 0.5% 1.2% 2.8% 0.9% 0.4% 0.2% 1.5% % 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 9/30/2024 Ticker Symbol PDCC Total Net Asset Value $136.27 million Net Asset Value Per Share $20.05 Closing Price Per Share $20.01 Premium / Discount -0.2% Total Market Capitalization $136.00 million Current Dividend Yield 13.2% Frequency of Payments Monthly Summary of Underlying Portfolio Number of Unique Underlying Obligors 1,207 Number of Underlying Loans 1,539 Average Individual Obligor Exposure 0.08% Aggregate Balance of Underlying Loans $18.76 billion Cash Proportion of Fund 2.5% Currency: USD Exposure 100% Top 10 Positions Regatta XIX Funding Ltd. 4.7% LCM 39 ltd. 4.5% 37 Capital CLO 2 Ltd. 4.0% RR 19 Ltd. 4.0% Harvest US CLO 2024-1 Ltd. 3.9% TCW CLO 2024-2 Ltd. 3.7% PPM CLO 5 Ltd. 3.6% 37 Capital CLO 1 Ltd. 3.5% Generate CLO 11 Ltd. 3.2% Harvest US CLO 2024-2 Ltd. 3.1% Total 38.3%
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 |
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
Investor Contact:
Info@Pearldivercap.com UK:
+44 (0)20 3967 8032
US: +1 617 872 0945
Pearl Diver Credit (NYSE:PDCC)
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