Company: PDCC
Filing Date: 2025-09-03
Form Type: N-CSRS
Source: 0001398344-25-017467
Chunk: 8

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-03
Form: N-CSRS
Chunk 8
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5) | Variable rate investment. Interest                                                                                           
 rate shown reflects the rate in effect at the reporting date. Investment description includes the reference rate and spread. |

| (6) | All securities exempt from registration                                                    
 under the Securities Act of 1933, as amended and are deemed to be “restricted securities”. |

| (7) | Country represents the principal                   
 country of risk where the investment has exposure. |

| (8) | CLO equity investments are entitled                                                                                                    
 to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying assets less contractual 
 payments to debt holders and fund expenses. The effective yield is estimated based on the current projection of the amount and timing  
 of these recurring distributions in addition to the estimated amount of terminal principal payment. The effective yield and investment 
 cost may ultimately not be realized.                                                                                                   |

| (9) | All or a portion of the security                                                                                                     
 is pledged as collateral for reverse repurchase agreements as of June 30, 2025. Securities in the amount of $28,488,428 were pledged 
 as collateral at June 30, 2025.                                                                                                      |

| (10) | The rate shown is the annualized 
 7-day yield as of June 30, 2025. |

| (11) | Rounds to less than 0.005%. |

Reverse Repurchase Agreements

| Counterparty  |     | Interest Rate |     | Acquisition Date |     | Maturity Date |     | Amount |           |
|:--------------|:----|:--------------|:----|:-----------------|:----|:--------------|:----|:-------|----------:|
| Goldman Sachs |     | 7.84%         |     | 03/21/2025       |     | 03/23/2026    |     | $      | 1,005,000 |
| Goldman Sachs |     | 7.84%         |     | 03/21/2025       |     | 03/23/2026    |     |        | 1,078,448 |
| Goldman Sachs |     | 7.84%         |     | 03/21/2025       |     | 03/23/2026    |     |        |   975,000 |
| Goldman Sachs |     | 7.84%         |     | 03/21/2025       |     | 03/23