Company: PDCC
Filing Date: 2025-05-13
Form Type: 497AD
Source: 0001214659-25-007502
Chunk: 2

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-05-13
Form: 497AD
Chunk 2
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 2025-1 Ltd. 4.4% Signal Peak CLO 14 Ltd. 4.3% RR 37 Ltd. 4.2% RR 19 Ltd. 4.0% Regatta XIX Funding Ltd. 3.3% AMMC CLO 24 Ltd. 3.2% Rockford Tower CLO 2025-1 Ltd. 2.8% Total 39.8%

Calculated using market mid prices of loans
in CLO portfolios, excluding bonds.

| Past performance is not indicative of, or a guarantee of, future performance. Please review the important information and notes on page 2. |
| Totals may not always sum due to rounding.                                                                                                 |

| 1 |

Investors should consider Pearl Diver Credit Company
Inc.’s (the “Company”) investment objectives, risks, charges and expenses carefully before investing in securities
of the Company. The Company’s prospectus contains this and other important information about the fund. Investors should read
the Company’s prospectus and Securities and Exchange Commission (“SEC”) filings (which are publicly available on
the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their investment goals, time horizons and risk
tolerance before investing in the Company. The investment program of the Company is speculative and entails substantial risk,
including the possible loss of principal. There can be no assurance that Company’s investment objectives will be achieved. An
investment in the Company is not appropriate for all investors and is not intended to be a complete investment program. Shares of
closed-end investment companies, such as the Company, frequently trade at a discount from their net asset value, which may increase
investors’ risk of loss. The Company invests a significant portion of its assets in CLO equity securities, which often involve
risks that are different from or more acute than risks associated with other types of credit instruments. Shares of closed-end
investment companies, such as the Company, frequently trade at a discount from their net asset value, which may increase
investors’ risk of loss. Past performance is not indicative of, or a guarantee of, future performance. The performance and
certain other portfolio information quoted herein represents information as of dates noted herein. Nothing herein shall be relied
upon as a representation as to the future performance or portfolio holdings of the Company. Investment return and principal value of
an investment will fluctuate, and shares, when sold,