Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 246

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 246
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 cleared. Cleared swaps must be cleared through futures commission merchants registered with the CFTC, and such futures commission
merchants will be required to collect margin from customers for such cleared swaps. Additionally, all swaps are subject to reporting to
a swap data repository. Dealers in swaps are required to register with the CFTC as swap dealers and are required to comply with extensive
regulations regarding their external and internal business conduct practices, regulatory capital requirements, and rules regarding the
holding of counterparty collateral.

Highly Volatile Markets.
The prices of derivative instruments, including swaps, futures and options, can be highly volatile. Price movements of swaps, forward,
futures and other derivative contracts in which the Company’s assets may be invested are influenced by, among other things, interest
rates, changing supply and demand relationships, trade, fiscal, monetary and exchange control programs and policies of governments, and
national and international political and economic events and policies. In addition, governments from time to time intervene, directly
and by regulation, in certain markets, particularly those in currencies, financial instruments, futures and options. Such intervention
often is intended directly to influence prices and may, together with other factors, cause all of such markets to move rapidly in the
same direction because of, among other things, interest rate fluctuations. Securities or commodities exchanges typically have the right
to suspend or limit trading in any instrument traded on the exchanges. A suspension could render it impossible for the Adviser to liquidate
positions and could thereby expose the Company to losses.

Repurchase Agreements.
Repurchase agreements are agreements under which the Company purchases securities from a bank that is a member of the Federal Reserve
System, a foreign bank or a securities dealer that agrees to repurchase the securities from the Company at a higher price on a designated
future date. If the seller under a repurchase agreement becomes insolvent or otherwise fails to repurchase the securities, the Company
would have the right to sell the securities. This right, however, may be restricted, or the value of the securities may decline before
the securities can be liquidated. In the event of the commencement of bankruptcy or insolvency proceedings with respect to the seller
of the securities before the repurchase of the securities under a repurchase agreement is accomplished, the Company might encounter a
delay and incur costs, including a decline in the value of the securities, before being able to sell the securities. Repurchase agreements
that are subject to foreign law may not enjoy protections comparable to those provided