Company: PDCC
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001398344-25-005419
Chunk: 24

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-03-11
Form: N-CSR
Chunk 24
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----|:----------------------|----------:|
| RBC          |     |                | 6.74% |     | 2/18/25       |     | $                  | 5,441,782 |     | $                     | 5,441,782 |
| RBC          |     |                | 6.76% |     | 1/10/25       |     |                    | 1,195,000 |     |                       | 1,195,000 |
| Total        |     |                |       |     |               |     |                    | 6,636,782 |     |                       | 6,636,782 |

| (1) | The average daily balance of reverse repurchase agreements for the Fund                                                                    
 during the year ended December 31, 2024 was 1,721,596 at a weighted average daily interest rate of 6.74% and the interest expense amounted 
 to $54,168. As of December 31, 2024 the total value of collateral was $14,140,190.                                                         |

| 20 | www.pearldivercreditcompany.com |

The following is a summary of the reverse repurchase agreements by the
type of collateral and the remaining contractual maturity of the agreements.

|                                       |     | Overnight      
 and Continuous |   |     | Up to 30 Days |           |     | 30 to 90 Days |           |     | Greater than 
 90 Days      |   |     | Total |           |
|:--------------------------------------|:----|:---------------|:--|:----|:--------------|----------:|:----|:--------------|----------:|:----|:-------------|:--|:----|:------|----------:|
| Collateralized Loan Obligation-Equity |     | $              | – |     | $             | 1,195,000 |     | $             | 5,441,782 |     | $            | – |     | $     | 6,636,782 |

The Fund has elected to not offset derivative assets
and liabilities or financial assets, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable
master netting agreement is in place that provides the Fund, in the event of counterparty default, the right to liquidate collateral and
the right to offset a counterparty’s rights and obligations.

Reverse repurchase agreements are entered into