Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 228

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 228
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 our common stock,
and (2) all of our officers and directors, as a group. The table shows such ownership as of September 16, 2025, unless otherwise
indicated below.

|                                          |     | Common Stock 
 Beneficially 
     Owned(1) |     |      |   |
| Name and Address                         |     |       Number |     |    % |   |
| Isthmus Capital, LLC(2)                  |     |    4,266,473 |     | 62.8 | % |
| University of Wisconsin Foundation(3)    |     |    1,459,021 |     | 21.5 | % |
| All officers and directors as a group(4) |     |            * |     |    * |   |

| * | Represents less than 1.0%. |

| (1) | Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment 
 power with respect to the securities.                                                                        |

| (2) | The address of the principal executive office of Isthmus Capital, LLC (“Isthmus Capital”) is 1209                                     
 Orange Street, Wilmington, Delaware, 19801. Isthmus Capital, a Delaware limited liability company, has shared voting power and shared 
 dispositive power with respect to 4,266,473 common shares of the Fund, representing a majority voting interest in the Fund.           |

| (3) | As per Schedule 13D filed on July 26, 2024, and Form 4 filed on April                                                                       
 22, 2025, both of which are available on the SEC’s EDGAR website. The address of University of Wisconsin Foundation (“UWF”)                 
 is 1848 University Avenue, Madison, Wisconsin 53726. Although UWF owns 21.5% of the Fund’s common shares, and UWF owns a majority           
 of the outstanding interests of Isthmus Capital, UWF has delegated certain of its voting authority with respect to its interests in Isthmus 
 Capital such that it does not control Isthmus Capital and, therefore, will not be a control person with respect to either Isthmus Capital   
 or the Fund.                                                                                                                                |

| (4) | The address of each of our officers and directors is c/o Pearl Diver Credit Company Inc., 747 Third Avenue,                            
 Suite 3603, New York, New York. In the aggregate,