Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 223

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 223
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 who purchases the security is entitled to receive any principal or interest payments made
on the underlying security pending settlement of the Company's repurchase of the underlying security.

| 12 |

<div align='center'>CONTROL PERSONS AND PRINCIPAL STOCKHOLDERS</div>

A control person is a person
who beneficially owns, either directly or through one or more controlled companies, more than 25% of the voting securities of a company.
The following table sets forth certain ownership information with respect to shares of our common stock held by (1) those persons
who directly or indirectly own, control or hold with the power to vote, 5% or more of the outstanding shares of our common stock, and
(2) all of our officers and directors, as a group. The table shows such ownership as of July 14, 2025, unless otherwise indicated
below.

|                                          |     |          Common Stock 
 Beneficially Owned(1) |     |      |   |
| Name and Address                         |     |                Number |     |    % |   |
| Isthmus Capital, LLC(2)                  |     |             4,266,473 |     | 62.8 | % |
| University of Wisconsin Foundation(3)    |     |             1,459,021 |     | 21.5 | % |
| All officers and directors as a group(4) |     |                     * |     |    * |   |

| * | Represents less than 1.0%. |

| (1) | Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or 
 investment power with respect to the securities.                                                  |

| (2) | The address of the principal executive office of Isthmus Capital, LLC (“Isthmus Capital”)                                              
 is 1209 Orange Street, Wilmington, Delaware, 19801. Isthmus Capital, a Delaware limited liability company, has shared voting power and 
 shared dispositive power with respect to 4,266,473 common shares of the Fund, representing a majority voting interest in the Fund.     |

| (3) | As per Schedule 13D filed on July 26, 2024, and Form 4 filed on April 22, 2025, both of which are available on the SEC’s EDGAR website. The address of University 
 of Wisconsin Foundation (“UWF”) is 1848 University Avenue, Madison, Wisconsin