Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 94

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 94
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 on certain non-traditional investments, including investments in CLO securities.

The staff of the SEC from time to time has undertaken
a broad review of the potential risks associated with different asset management activities, focusing on, among other things, liquidity
risk and leverage risk. The staff of the Division of Investment Management of the SEC has, in correspondence with registered management
investment companies, previously raised questions about the level of, and special risks associated with, investments in CLO securities.
While it is not possible to predict what conclusions, if any, the staff may reach in these areas, or what recommendations, if any, the
staff might make to the SEC, the imposition of limitations on investments by registered management investment companies in CLO securities
could adversely impact our ability to implement our investment strategy and/or our ability to raise capital through public offerings,
or could cause us to take certain actions that may result in an adverse impact on our stockholders, our financial condition, and/or our
results of operations. We are unable at this time to assess the likelihood or timing of any such regulatory development.

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General Risk Factors

Provisions of the General Corporation Law of the State of Delaware and our certificate of incorporation and bylaws could deter takeover attempts and have an adverse effect on the price of our securities.

The General Corporation Law of the State of Delaware,
or the “DGCL”, contains provisions that may discourage, delay, or make more difficult a change in control of us or the removal
of our directors. Our certificate of incorporation and bylaws contain provisions that limit liability and provide for indemnification
of our directors and officers. These provisions and others also may have the effect of deterring hostile takeovers or delaying changes
in control or management. We are subject to Section 203 of the DGCL, the application of which is subject to any applicable requirements
of the 1940 Act. This section generally prohibits us from engaging in mergers and other business combinations with stockholders that beneficially
own 15% or more of our voting stock, or with their affiliates, unless our directors or stockholders approve the business combination in
the prescribed manner. If our board of directors does not approve a business combination, Section 203 of the DGCL may discourage third
parties from trying to acquire control of us and increase the difficulty of consummating such an offer.

We have also adopted measures that may make it
difficult for a third party to obtain control of us, including provisions of our certificate of incorporation class