Company: PDCC
Filing Date: 2025-09-03
Form Type: N-CSRS
Source: 0001398344-25-017467
Chunk: 5

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-03
Form: N-CSRS
Chunk 5
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 Care Providers & Services       | 4.8% |
| 3.                                        | Hotels, Restaurants & Leisure          | 4.7% |
| 4.                                        | Professional Services                  | 4.3% |
| 5.                                        | Media                                  | 4.2% |
| 6.                                        | Chemicals                              | 3.9% |
| 7.                                        | Insurance                              | 3.6% |
| 8.                                        | Commercial Services & Supplies         | 3.4% |
| 9.                                        | Diversified Telecommunication Services | 2.9% |
| 10.                                       | Building Products                      | 2.8% |

| 1 | Industry categories are based on                                                                                                             
 the S&P industry categorization of each obligor as reported in CLO trustee reports to the extent so reported. Certain CLO trustee            
 reports do not report the industry category of all of the underlying obligors and where such information is not reported, it is not included 
 in the summary look-through industry information shown. As such, the Company’s exposure to a particular industry may be higher than that     
 shown if industry categories were available for all underlying obligors. In addition, certain underlying obligors may be re-classified       
 from time to time based on developments in their respective businesses and/or market practices. Accordingly, certain underlying borrowers    
 that are currently, or were previously, summarized as a single borrower in a particular industry may in current or future periods be         
 reflected as multiple borrowers or in a different industry, as applicable.                                                                   |

Past performance is not indicative of, or a guarantee of, future performance.

| Pearl Diver Credit Company Inc. | Summary of Certain                  
 Unaudited Portfolio Characteristics |

June 30, 2025 (Unaudited)

A summary of the ratings distribution of the underlying
borrowers on a look-through basis to the CLO equity as of June 30, 2025, is provided below:

UNDERLYING COLLATERAL RATING DISTRIBUTION 2

A summary of the maturity distribution of the underlying borrowers on a
look-through basis to the CLO equity as of June 30, 2025, is provided below:

CLO REINVESTMENT END DATE DISTRIBUTION

| 2 | Credit ratings shown are based                                                                                                            
 on those assigned by Moody’s for comparison and informational purposes, if Moody’s does not assign a rating to a particular obligor,      
 the weighted average rating shown reflects Moody