Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 191

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 191
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 short sale will generally not
be realized until such time as the short sale is closed. However, as described above in the discussion of constructive sales, if we hold
a short sale position with respect to securities that have appreciated in value, and we then acquire property that is the same as or substantially
identical to the property sold short, we generally will recognize gain on the date we acquire such property as if the short sale were
closed on such date with such property. Similarly, if we hold an appreciated financial position with respect to securities and then enter
into a short sale with respect to the same or substantially identical property, we generally will recognize gain as if the appreciated
financial position were sold at its fair market value on the date we enter into the short sale. The subsequent holding period for any
appreciated financial position that is subject to these constructive sale rules will be determined as if such position were acquired on
the date of the constructive sale.

Taxation of Stockholders

Taxation of U.S. Resident Holders of Our Stock.
Dividends and distributions on our shares are generally subject to federal income tax as described herein, even though such dividends
and distributions may economically represent a return of a particular stockholder’s investment. Such distributions are likely to
occur in respect of shares purchased at a time when our NAV reflects gains that are either unrealized, or realized but not distributed.
Such realized gains may be required to be distributed even when our NAV also reflects unrealized losses. Certain dividends and distributions
declared by us in October, November or December to stockholders of record of such month of a calendar year and paid by us in January of
the following calendar year will be treated by stockholders as if received on December 31 of the calendar year in which they were declared.
In addition, certain other distributions made after the close of our tax year may be “spilled back” and treated as paid by
us (except for purposes of the nondeductible 4% federal excise tax) during such tax year. In such case, stockholders will be treated as
having received such dividends in the tax year in which the distributions were actually made.

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Stockholders receiving any distribution from us
in the form of additional shares pursuant to the DRIP are expected to be treated as receiving a taxable distribution in an amount generally
equal to the cash that would have been received if they had elected to receive the distribution in cash, unless we issue new shares that
are trading at or