Company: PDCC
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001398344-25-005419
Chunk: 38

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-03-11
Form: N-CSR
Chunk 38
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 | $                   | 110,000 |

2. PROXY POLICIES

An investment adviser registered under the Advisers
Act has a fiduciary duty to act solely in the best interests of its clients. As part of this duty, we recognize that we must vote client
securities in a timely manner free of conflicts of interest and in the best interests of our clients.

These policies and procedures for voting proxies for
our investment advisory clients are intended to comply with Section 206 of, and Rule 206(4)-6 under, the Advisers Act.

Based on the nature of our investment strategy, we
do not expect to receive proxy proposals, but may from time to time receive amendments, consents or resolutions applicable to investments
held by us. It is our general policy to vote proxies only where we believe that the vote is likely to have a material positive economic
impact (or to avoid a material negative economic impact) on the value of the underlying credit position (taking into account any related
hedges) or the short-term trading strategy employed. If we do not believe the exercise of a proxy vote right will have a material economic
impact, we generally will not exercise our voting authority with respect to a proxy. In addition, we may elect to not vote a proxy if
the cost of voting, or time commitment required to vote a proxy outweighs the expected benefits of voting the proxy. We may occasionally
be subject to material conflicts of interest in voting proxies due to business or personal relationships we maintain with persons having
an interest in the outcome of certain votes. If at any time we become aware of a material conflict of interest relating to a particular
proxy proposal, our chief compliance officer will review the proposal and determine how to vote the proxy in a manner consistent with
interests of the Company’s stockholders.

3. PROXY VOTING POLICIES AND PROCEDURES

We have delegated our proxy voting responsibility
to the Adviser. The Proxy Voting Policies and Procedures of the Adviser are set forth below. The guidelines will be reviewed periodically
by the Adviser and our independent directors, and, accordingly, are subject to change. For purposes of these Proxy Voting Policies and
Procedures described below, “we,” “our” and “us” refers to Pearl Diver Capital LLP.

4. PROXY VOTING RECORDS

Information regarding how we voted proxies relating
to portfolio securities during the most recent 12-month period ended December 31 is available, without charge: