Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 201

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 201
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 enter into such transactions
notwithstanding certain requirements of Section 18 subject to the conditions under the rule as follows. We may change the election and
comply with the other provisions of Rule 18f-4 related to derivatives transactions at any time and without notice. To satisfy the limited
derivatives users exception, we have adopted and implemented written policies and procedures reasonably designed to manage our derivatives
risk and limit our derivatives exposure in accordance with Rule 18f-4. Rule 18f-4 also permits us to enter into reverse repurchase agreements
or similar financing transactions notwithstanding the senior security provisions of the 1940 Act if we aggregate the amount of indebtedness
associated with our reverse repurchase agreements or similar financing transactions with the aggregate amount of any other senior securities
representing indebtedness when calculating our asset coverage ratios as discussed above or treat all such transactions as derivatives
transactions for all purposes under Rule 18f-4. However, these transactions may represent a form of economic leverage and will create
risks. The potential loss on such instruments may be substantial relative to the initial investment therein and compliance with Rule 18f-4
will not limit or offset losses on related positions.

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<div align='center'>INCORPORATION BY REFERENCE</div>

As noted above, this prospectus is part of
a registration statement that we have filed with the SEC. We are allowed to “incorporate by reference” the information that
we file with the SEC, which means that we can disclose important information to you by referring you to those documents. The information
incorporated by reference is considered to be part of this prospectus, and later information that we file with the SEC will automatically
update and supersede this information.

We incorporate by reference any future filings
(including those made after the date of the filing of the registration statement of which this prospectus is a part) we will make with
the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act or pursuant to Rule 30b2-1 under the 1940 Act including any filings
on or after the date of this prospectus from the date of filing (excluding any information furnished, rather than filed), until we have
sold all of the offered securities to which this prospectus and any accompanying prospectus supplement relates or the offering is otherwise
terminated. The information incorporated by reference is an important part of this prospectus. Any statement in a