Pearl Diver Credit Company (PDCC) Q2 FY26 earnings call

Pearl Diver Credit Company reported a strong Q2 FY26, marked by a significant recovery in net asset value per share and a reversal of prior quarter's unrealized losses, driven by improved CLO equity market conditions. The company strategically executed multiple CLO resets, lowering its cost of debt, and maintained a diversified portfolio with low default rates. While net investment income saw a decline, management remains constructive on CLO opportunities, emphasizing disciplined capital deployment and long-term total return.