Company: PDCC
Filing Date: 2025-01-16
Form Type: 497AD
Source: 0001214659-25-000843
Chunk: 2

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-01-16
Form: 497AD
Chunk 2
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portion of Fund 17.3% Currency: USD Exposure 100%

Calculated using market mid prices of loans in CLO portfolios, excluding
bonds.

| Past performance is not indicative of, or a guarantee of, future performance. Please review the important information and notes on page 2. |   |
| Totals may not always sum due to rounding.                                                                                                 | 1 |

Investors should consider Pearl Diver Credit Company
Inc.’s (the “Company”) investment objectives, risks, charges and expenses carefully before investing in securities
of the Company. The Company’s prospectus contains this and other important information about the fund. Investors should read
the Company’s prospectus and Securities and Exchange Commission (“SEC”) filings (which are publicly available on
the EDGAR Database on the SEC website at http://www.sec.gov) carefully and consider their
investment goals, time horizons and risk tolerance before investing in the Company. The investment program of the Company is
speculative and entails substantial risk, including the possible loss of principal. There can be no assurance that Company’s
investment objectives will be achieved. An investment in the Company is not appropriate for all investors and is not intended to be
a complete investment program. Shares of closed-end investment companies, such as the Company, frequently trade at a discount from
their net asset value, which may increase investors’ risk of loss. The Company invests a significant portion of its assets in
CLO equity securities, which often involve risks that are different from or more acute than risks associated with other types of
credit instruments. Shares of closed-end investment companies, such as the Company, frequently trade at a discount from their net
asset value, which may increase investors’ risk of loss. Past performance is not indicative of, or a guarantee of, future
performance. The performance and certain other portfolio information quoted herein represents information as of dates noted herein.
Nothing herein shall be relied upon as a representation as to the future performance or portfolio holdings of the Company.
Investment return and principal value of an investment will fluctuate, and shares, when sold, may be worth more or less than their
original cost. The Company’s performance is subject to change since the end of the period noted in this report and may be
lower or higher than the performance data shown herein.

From time to time, the Company may have a registration statement
relating to one or more of its securities on file with the SEC. Any registration statement that has not yet been declared