Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 27

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 27
---
 of CLOs, equity tranches of CLOs, and CLO Warehouses.

We were organized as Pearl
Diver Credit Company, LLC, a Delaware limited liability company, on April 12, 2023 and, effective July 9, 2024, we converted from a Delaware
limited liability company into a Delaware corporation under the name Pearl Diver Credit Company Inc.

Pearl Diver Capital LLP,
or the “Adviser,” is our adviser and manages our investments subject to the supervision of our board of directors. The Adviser
is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and, as of August 31,
2025, had approximately $3.0 billion of committed assets under management for investment in CLO securities and related investments.

ALPS Fund Services, Inc.,
or the “Administrator,” serves as our administrator.

Our portfolio securities
are held pursuant to a custodian agreement between us and US Bank National Association.

SS&C GIDS, Inc. serves
as our transfer agent, registrar, dividend disbursement agent and stockholder servicing agent, as well as administrator for our dividend
reinvestment plan, or the “DRIP.”

We intend to make regular
monthly distributions of all or a portion of our investment company taxable income to holders of our common stock. If our distributions
exceed our investment company taxable income in a tax year, such excess will represent a return of capital to our stockholders. No assurance
can be given that we will be able to declare such distributions in future periods, and our ability to declare and pay distributions will
be subject to a number of factors, including our results of operations. See “Distribution Policy.”

We may borrow funds to make
investments. As a result, we would be exposed to the risk of borrowing (also known as leverage) which may be considered a speculative
investment technique. Leverage increases the volatility of investments and magnifies the potential for loss on amounts invested thereby
increasing the risk associated with investing in our common stock. See “Financing and Hedging Strategy.”

We may offer, from time
to time, in one or more offerings or series, together or separately, up to $100,000,000 of our common stock, which we also refer to as
the “securities”. We may sell our securities through underwriters or dealers, “at-the-market” to or through a
market maker, into an existing trading market or otherwise directly to one