Company: PDCC
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001398344-25-005419
Chunk: 7

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-03-11
Form: N-CSR
Chunk 7
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| Total Short-Term Investments                              |     |        |            |     | $    | 29,744,935 |     | $          |  29,744,935 |   |     |               |       |   |
| Series A Cumulative Perpetual Preferred Shares - (21.44%) |     |        |            |     |      |            |     | $          | (28,990,243 | ) |     |               |       |   |
| Liabilities in Excess of Other Assets- (10.77%)           |     |        |            |     |      |            |     |            | (14,569,309 | ) |     |               |       |   |
| Net Assets - 100.00%                                      |     |        |            |     |      |            |     | $          | 135,215,645 |   |     |               |       |   |

| (1) | The Company is not affiliated with, nor does it “control” (as                                                                  
 such term is defined in the Investment Company Act of 1940 (the “1940 Act”)), any of the issuers listed. In general, under the 
 1940 Act, the Company would be presumed to “control” an issuer if we owned 25% or more of its voting securities                |

| (2) | Acquisition date represents the initial purchase date of investment. |

See Notes to Financial Statements.

| (3) | Fair value is determined by the Adviser in accordance with written valuation                                                        
 policies and procedures, subject to oversight by the Company’s Board of Directors, in accordance with Rule 2a-5 under the 1940 Act. |

| (4) | The fair value of CLO Debt and CLO equity investments are classified 
 as Level II investments.                                             |

| (5) | Variable rate investment. Interest rate shown reflects the rate in effect             
 at the reporting date. Investment description includes the reference rate and spread. |

| (6) | All securities exempt from registration under the Securities Act of 1933, 
 as amended and are deemed to be “restricted securities”.                  |

| (7) | Country represents the principal country of risk where the investment 
 has exposure.                                                         |

| (8) | CLO equity investments are entitled to recurring distributions which                                                                    
 are generally equal to the remaining cash flow of payments made by underlying assets less contractual payments to debt holders and fund 
 expenses. The