Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 37

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 37
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| • | brokerage fees and commissions; |

| • | federal and state registration fees; |

| • | exchange listing fees; |

| • | federal, state and local taxes; |

| • | costs of offerings or repurchases of our common stock and other securities; |

| • | the management fees and incentive fees payable under the Investment Advisory Agreement; |

| • | distributions on our common stock and other securities; |

| • | administration, transfer agent and custody fees and expenses; |

| • | director fees and expenses; |

| • | the costs of any reports, proxy statements or other notices to our stockholders, including printing costs; |

| • | costs of holding meetings of our stockholders; |

| • | litigation, indemnification and other non-recurring or extraordinary expenses; |

| • | fees and expenses associated with marketing and investor relations efforts; |

| • | dues, fees and charges of any trade association of which we are a member; |

| • | direct costs and expenses of administration and operation, including printing, mailing, telecommunications 
 and staff, including fees payable in connection with outsourced administration functions;                  |

| • | fees and expenses associated with independent audits and outside legal costs; |

| • | fidelity bond, directors and officers/errors and omissions liability insurance, and any other insurance 
 premiums;                                                                                               |

| • | costs associated with our reporting and compliance obligations under the 1940 Act and applicable U.S. 
 federal and state securities laws; and                                                                |

| • | all other expenses reasonably incurred by us in connection with administering our business. |

| 23 |

<div align='center'>RISK FACTORS</div>

Investing in our common stock involves a number of significant risks. In addition to the other information contained in this prospectus, you should consider carefully the following information before making an investment in our common stock. The risks set out below are not the only risks we face. Additional risks and uncertainties not presently known to us or not presently deemed material by us might also impair our operations and performance. If any of the following events occur, our business, financial condition, and results of operations could be materially adversely affected. In such case, our NAV and the trading price of our common stock could decline, and you may lose all or part of your investment.

<div align='center'>Risks Related to Our Investments</div>

Our investments in CLO securities and other structured finance securities involve certain risks.

We may invest primarily in below investment grade