Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 123

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 123
---
 analyze the collateral loans of each CLO investment. In addition, the Adviser intends to leverage its
CLO structuring expertise and deep experience in negotiations of CLO documents in order to optimize for CLO investment returns.

We will seek to achieve our investment objectives
by investing primarily in equity and junior debt tranches of CLOs, where underlying corporate debt is primarily senior secured floating-rate
debt, issued by US companies. We may also invest in other securities and instruments that are related to these investments or that the
Adviser believes are consistent with our investment objectives, including, senior debt tranches of CLOs and CLO Warehouse first loss investments.
The amount that we will invest in other securities and instruments will vary from time to time and, as such, may constitute a material
part of our portfolio on any given date, based on the Adviser’s assessment of prevailing market conditions.

The Adviser’s Investment Team utilizes a
variety of methods to proactively source and analyze investments, including leveraging its Investment Team’s industry experience
and extensive network of contacts, performing due diligence on, and engaging in bilateral discussions with CLO collateral managers. The
Adviser’s proprietary quantitative techniques and investment opportunity scraping allows Adviser’s Investment Team to benchmark
CLO collateral manager performance and relative value of each investment opportunity on an ongoing basis while having fully integrated
in-house fundamental credit analysis for each underlying loan. We believe that our highly agile and quantitative approach allows us to
quickly react and adapt to emerging market opportunities and effectively seek relative value in CLO equity investing.

The Company has adopted a non-fundamental investment
policy in accordance with Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets, plus the
amount of any borrowings for investment purposes, in credit instruments. The Company defines “credit instruments” as financial
instruments the performance of which is derived from the performance of senior secured loans or pools thereof. Instruments that the company
considers to be “credit instruments” include, but is not limited to, senior, mezzanine, and junior debt tranches of CLOs,
equity tranches of CLOs, and CLO Warehouses.

The Company may acquire (i) CLO equity positions
via primary market transactions, (ii) CLO equity positions via secondary market transactions, and (iii) positions of CLO junior debt in
primary and secondary market. In acquiring these