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Stock impact report

Pearl Diver Credit: Preferred Stock Is The Way To Go [Seeking Alpha]

Pearl Diver Credit Company Inc. (PDCC) 
Company Research Source: Seeking Alpha
PDPA boasts a robust 563% dividend coverage ratio and a 338% asset coverage ratio, well above the 200% regulatory minimum despite recent NAV declines. Key risks include further deterioration in CLO equity valuations, which could threaten the asset coverage ratio but currently allow for a 70% additional loss buffer. I remain uninterested in PDCC common shares due to opaque CLO quality, but may initiate a PDPA position if available below par value. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » Andrii Dodonov/iStock via Getty Images Introduction A few months ago, I discussed the preferred shares of Pearl Diver Credit Company ( PDCC ). In my conclusion, I argued I'd probably want to avoid the common stock, but I thought the preferred shares More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities, and Show less Read more
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