Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 88

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 88
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 the liquidity of trading in our securities, which may harm the market price of our securities.

We are subject to the risk of legislative and regulatory changes impacting our business or the markets in which we invest.

Legal and regulatory changes.
Legal and regulatory changes could occur and may adversely affect us and our ability to pursue our investment strategies and/or increase
the costs of implementing such strategies. New or revised laws or regulations that could adversely affect us may be imposed by the Commodity
Futures Trading Commission, or the “CFTC”, the SEC, the U.S. Federal Reserve, other banking regulators, other governmental
regulatory authorities, or self-regulatory organizations that supervise the financial markets. In particular, these agencies are empowered
to promulgate a variety of new rules pursuant to recently enacted financial reform legislation in the United States. We also may be adversely
affected by changes in the enforcement or interpretation of existing statutes and rules by these governmental regulatory authorities or
self-regulatory organizations. Such changes, or uncertainty regarding any such changes, could adversely affect the strategies and plans
set forth in this prospectus and may result in our investment focus shifting from the areas of expertise of the Investment Team to other
types of investments in which the investment team may have less expertise or little or no experience. Thus, any such changes, if they
occur, could have a material adverse effect on our results of operations and the value of your investment.

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Derivative Investments. The
derivative investments in which we may invest are subject to comprehensive statutes, regulations and margin requirements. In particular,
certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the “Dodd-Frank Act”, which was signed
into law in July 2010, requires certain standardized derivatives to be executed on a regulated market and cleared through a central counterparty,
which may result in increased margin requirements and costs for us. The Dodd-Frank Act also established minimum margin requirements on
certain uncleared derivatives which may result in us and our counterparties posting higher margin amounts for uncleared derivatives. In
addition, we have claimed an exclusion from the definition of the term “commodity pool operator” pursuant to CFTC No-Action
Letter 12-38 issued by the staff of the CFTC Division of Swap Dealer and Intermediary Oversight on November 20, 2012. For us to continue
to qualify for this exclusion, (i) the aggregate initial margin and premiums required to establish our