Company: PDCC
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001398344-25-005419
Chunk: 5

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-03-11
Form: N-CSR
Chunk 5
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 those of historical facts
included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number
of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number
of factors. The Company undertakes no duty to update any forward-looking statement made herein. Information contained on our website is
not incorporated by reference into this stockholder letter and you should not consider information contained on our website to be part
of this stockholder letter or any other report we file with the Securities and Exchange Commission.

A summary of common stock data as of December 31, 2024, is illustrated below:

| COMMON STOCK DATA           |                 |
| Ticker Symbol               |            PDCC |
| Total Net Asset Value       | $135.22 million |
| Net Asset Value Per Share   |          $19.89 |
| Closing Price Per Share     |          $20.45 |
| Premium / Discount          |            2.8% |
| Total Market Capitalization | $138.99 million |
| Current Dividend Yield      |           12.9% |
| Frequency of Payments       |         Monthly |

A summary of the top ten obligors on a look-through basis to the CLO equity as of December 31, 2024, is provided below:

| TOP 10 UNDERLYING OBLIGORS |                                           |      |
| 1.                         | Asurion, LLC                              | 0.7% |
| 2.                         | Transdigm Inc.                            | 0.6% |
| 3.                         | Cloud Software Group, Inc.                | 0.4% |
| 4.                         | Wec Us Holdings Ltd.                      | 0.4% |
| 5.                         | Allied Universal Holdco LLC               | 0.4% |
| 6.                         | Medline Borrower, Lp                      | 0.4% |
| 7.                         | Peraton Corp.                             | 0.4% |
| 8.                         | Sedgwick Claims Management Services, Inc. | 0.4% |
| 9.                         | Virgin Media Bristol LLC                  | 0.4% |
| 10.                        | Ineos Us Finance LLC                      | 0.4% |

A summary of the underlying portfolio as of December 31, 2024, is provided below:

| SUMMARY OF UNDERLYING PORT