Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 32

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 32
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| • | “Risk-adjusted returns” refers to the profile of expected asset returns across a range of                                     
 potential macroeconomic scenarios, and does not imply that a particular strategy or investment should be considered low-risk. |

<div align='center'>Pearl Diver Credit Company
Inc.</div>

We are an externally managed, non-diversified
closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended,
or the “1940 Act”. We intend to elect to be treated, and intend to qualify annually, as a regulated investment company, or
“RIC”, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the “Code”, beginning with our
tax year ending December 31, 2024. We were formed on April 12, 2023 as Pearl Diver Credit Company, LLC, a Delaware limited liability
company, and effective July 9, 2024, we converted from a Delaware limited liability company into a Delaware corporation under the name
Pearl Diver Credit Company Inc. On July 18, 2024, our common stock began trading on the NYSE under the ticker symbol “PDCC”
following our initial public offering of 2,200,000 shares of our common stock (the “IPO”) at a public offering price of $20.00
per share. On July 19, 2024, we issued an additional 330,000 shares of our common stock at a public offering
price of $20.00 per share in connection with the full exercise of the over-allotment option granted to the underwriters in our IPO.

Our primary investment objective is to maximize
our portfolio’s total return with a secondary objective to generate high current income. We will seek to achieve our investment
objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (“CLOs”) that are
collateralized by portfolios of sub-investment grade, senior secured floating-rate debt, issued by a large number of distinct US companies
across several industry sectors. 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 and mezzanine debt tranches of CLOs and CLO loan
accumulation facility warehouse (“CLO Warehouse”) first loss investments. The amount that we will invest in other securities
and instruments will vary