Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 196

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 196
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of our “investment company taxable income” to non-U.S. holders (including interest income and net short-term capital gain)
are generally expected to be subject to withholding of U.S. federal taxes at a 30% rate (or lower rate provided by an applicable treaty)
to the extent of our current and accumulated earnings and profits. If the distributions are effectively connected with a U.S. trade or
business of the non-U.S. holder, we will not be required to withhold U.S. federal tax if the non-U.S. holder complies with applicable
certification and disclosure requirements, although the distributions will be subject to U.S. federal income tax at the rates applicable
to U.S. persons. Special certification requirements apply to a non-U.S. holder that is a foreign partnership or a foreign trust, and such
entities are urged to consult their own tax advisors. Backup withholding will not be applied to payments that have been subject to the
30% (or lower applicable treaty rate) withholding tax described in this paragraph.

In addition, with respect to certain distributions
made by RICs to non-U.S. holders, no withholding is required and the distributions generally are not subject to U.S. federal income tax
if (i) the distributions are properly reported in a notice timely delivered to our stockholders as “interest-related dividends”
or “short-term capital gain dividends,” (ii) the distributions are derived from sources specified in the Code for such dividends
and (iii) certain other requirements are satisfied. Depending on the circumstances, we may report all, some or none of our potentially
eligible dividends as derived from such qualified net interest income or as qualified short-term capital gain, and a portion of our distributions,
which may be significant (e.g., interest from non-U.S. sources or any foreign currency gains) would be ineligible for this potential
exemption from withholding. Moreover, in the case of shares of our stock held through an intermediary, the intermediary may have withheld
U.S. federal income tax even if we designated the payment as derived from such qualified net interest income or qualified short-term capital
gain. Hence, no assurance can be provided as to whether any amount of our dividends or distributions will be eligible for this exemption
from withholding or if eligible, will be reported as such by us.

Actual or deemed distributions of our net long-term
capital gains to a non-U.S. holder, and gains realized by a non-U.S. holder upon the sale of our stock, will not be subject to