Karpus Management, Inc. filed Amendment No. 3 to Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of 355,963 shares of Pearl Diver Credit Co Inc. preferred securities as of September 30, 2026.

Key Highlights

  • Beneficial ownership: Karpus Management, Inc. reported aggregate beneficial ownership of 355,963 shares of Pearl Diver Credit Co Inc. preferred securities (CUSIP 70476Q209).
  • Percent of class: The 355,963 shares represent 25.79% of the class, according to the filing.
  • Sole voting and dispositive power: Karpus holds sole voting power and sole dispositive power over all 355,963 shares, with no shared voting or dispositive power reported.
  • Event date: The date of event requiring the filing is listed as September 30, 2026.
  • Parent relationship: The filing states that Karpus is controlled by City of London Investment Group plc, listed on the London Stock Exchange, but notes that effective informational barriers have been established such that voting and investment power is exercised by Karpus independently of City of London Investment Group plc.
  • Registrant type: Karpus describes itself as a registered investment adviser under Section 203 of the Investment Advisers Act of 1940 and is organized as a New York corporation.

Karpus Management Discloses Large Preferred Stake in Pearl Diver Credit

According to Amendment No. 3 to Schedule 13G, filed November 13, 2026, Karpus Management, Inc., doing business as Karpus Investment Management, reported beneficial ownership of 355,963 shares of the preferred securities of Pearl Diver Credit Co Inc., whose principal executive offices are located at 747 Third Avenue Suite 3603, New York, NY 10017. The filing identifies Karpus's principal business address as 183 Sully's Trail, Pittsford, New York 14534.

The filing states that all 355,963 shares are held directly by accounts managed by Karpus, with sole voting power and sole dispositive power over the full amount. Shared voting power and shared dispositive power are each reported as zero. The aggregate beneficial ownership represents 25.79% of the class, as disclosed in the filing.

Regarding the relationship with City of London Investment Group plc, the filing states: "in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG." The filing was signed by Jodi L. Hedberg, Chief Compliance Officer of Karpus Management, Inc., on November 13, 2026.

What Was Disclosed

Karpus Management, Inc. filed Amendment No. 3 to Schedule 13G reporting 355,963 preferred shares of Pearl Diver Credit Co Inc., representing 25.79% of the class, with sole voting and dispositive power as of September 30, 2026.