Pearl Diver Credit Company offers 8% yield

Pearl Diver Credit Company (PDCC) is a new closed-end fund launched in 2024, focusing on collateralized loan obligation (CLO) equity. The fund aims to provide an 8% yield, appealing to investors amid rising interest in CLOs. The company announced its pricing on July 17, 2024, marking its entry into the market. This development reflects growing investor interest in CLO equity as a potential investment option. No specific recommendations or investment advice are provided in the article. The performance of the fund is not guaranteed, and past results do not predict future outcomes.