Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 97

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 97
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, certain Russian individuals,
banking entities and corporations, and Belarus as a response to Russia’s invasion of Ukraine and may impose sanctions on other countries
that provide military or economic support to Russia. The extent and duration of Russia’s military actions and the repercussions
of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions, including cyber-attacks)
are impossible to predict, but could result in significant market disruptions, including in certain industries or sectors, such as the
oil and natural gas markets, and may negatively affect global supply chains, inflation and global growth.

Similarly, escalation beginning in October 2023
of the ongoing Israel-Hamas conflict presents a potential risk for wider conflict that could negatively affect financial markets due to
a myriad of interconnected factors. This conflict could disrupt regional trade and supply chains, potentially affecting U.S. businesses
with exposure to the region. For example, the Red Sea crisis has led to disruption of international maritime trade and the global supply
chain, which has had a direct impact on countries and regions that rely on such routes for the supply of energy and/or food and companies
that typically ship goods or receive components by way of the Red Sea. Additionally, the Middle East plays a pivotal role in the global
energy sector, and prolonged instability could impact oil prices, leading to increased costs for businesses and consumers. Furthermore,
the U.S.’s diplomatic ties and commitments in the region mean that it might become more directly involved, either diplomatically
or militarily, diverting attention and resources. These and any related events could significantly impact the Company’s performance
and the value of an investment in the Company, even if the Company does not have direct exposure.

In addition, the foreign policy agenda of the
new U.S. administration, which includes the imposition of significant tariffs on foreign countries, including China and long-time U.S.
allies, may have a substantial impact on both the U.S. and global economy. In particular, the imposition of increased tariffs by the
United States could lead to retaliatory tariffs by foreign countries, increased and prolonged market volatility, and sector-specific
downturns in industries reliant on international trade. These efforts may adversely affect the growth of the global economy and, in turn,
have a negative impact on the Company.

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