Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 178

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 178
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 term “non-U.S.
holder” means a beneficial owner of the securities (other than a partnership or any other entity or other arrangement treated as
a partnership for U.S. federal income tax purposes) that is not a U.S. holder.

An individual may, subject
to exceptions, be deemed to be a resident of the United States for U.S. federal income tax purposes, as opposed to a non-resident alien,
by, among other ways, being present in the United States (i) on at least 31 days in the calendar year, and (ii) for an aggregate of at
least 183 days during a three-year period ending in the current calendar year, counting for such purposes all of the days present in the
current year, one-third of the days present in the immediately preceding calendar year, and one-sixth of the days present in the second
preceding calendar year. Individuals who are residents for such purposes are subject to U.S. federal income tax as if they were United
States citizens.

This summary does not represent
a detailed description of the U.S. federal income tax consequences applicable to you, as a holder of our securities, if you are a person
subject to special tax treatment under the U.S. federal income tax laws, including, without limitation:

| · | a dealer in securities or currencies; |
| · | a financial institution;              |
| · | a RIC;                                |
| · | a real estate investment trust;       |

| 103 |

| · | a tax-exempt organization;                                                                                                   |
| · | an insurance company;                                                                                                        |
| · | a person holding the securities as part of a hedging, integrated, conversion or constructive sale transaction or a straddle; |
| · | a person subject to the special accounting rules under Section 451(b) of the Code;                                           |
| · | a trader in securities that has elected the mark-to-market method of accounting for their securities;                        |
| · | a person subject to alternative minimum tax;                                                                                 |
| · | a partnership or other pass-through entity for U.S. federal income tax purposes;                                             |
| · | a U.S. holder whose “functional currency” (as defined in Section 985 of the Code) is not the U.S. dollar;                    |
| · | a CFC;                                                                                                                       |
| · | a PFIC; or                                                                                                                   |
| · | a United States expatriate or foreign persons or entities (except to the extent