Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 182

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 182
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 in notes and debentures of corporate
issuers is generally settled in clearing-house or next-day funds. In contrast, beneficial interests in a global security, in some cases,
may trade in the DTC’s same-day funds settlement system, in which case secondary market trading activity in those beneficial interests
would be required by DTC to settle in immediately available funds. There is no assurance as to the effect, if any, that settlement in
immediately available funds would have on trading activity in such beneficial interests. Also, settlement for purchases of beneficial
interests in a global security upon the original issuance of this security may be required to be made in immediately available funds.

<div align='center'>PLAN OF DISTRIBUTION</div>

We may offer, from time to time, up to $200,000,000
of our common stock in one or more underwritten public offerings, at-the-market offerings, negotiated transactions, block trades, best
efforts or a combination of these methods.

We may sell securities directly or through agents
we designate from time to time. Any underwriter or agent involved in the offer and sale of the securities will be named in the applicable
prospectus supplement. A prospectus supplement or supplements will also describe the terms of the offering of the securities, including:
the purchase price of the securities and the proceeds, if any, we will receive from the sale; any overallotment options under which underwriters
may purchase additional securities from us; any agency fees or underwriting discounts and other items constituting agents’ or underwriters’
compensation; the public offering price; any discounts or concessions allowed or re-allowed or paid to dealers; and any securities exchange
or market on which the securities may be listed. Only underwriters named in the prospectus supplement will be underwriters of the securities
offered by such prospectus supplement.

The distribution of the securities by us may be
effected from time to time in one or more transactions at a fixed price or prices, which may be changed, at prevailing market prices at
the time of sale, at prices related to such prevailing market prices, or at negotiated prices, provided, however, that the offering price
per share of our common stock, less any underwriting commissions or discounts, must equal or exceed the NAV per share of our common stock
at the time of the offering except (1) in connection with a rights offering to our existing stockholders, (2) with the consent of the
majority of our common