Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 79

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 79
---
 contractual and fiduciary relationship with us. Under the
terms of the Investment Advisory Agreement, the Adviser, its officers, managers, members, agents, employees, and other affiliates are
not liable to us for acts or omissions performed in accordance with and pursuant to the Investment Advisory Agreement, except those resulting
from acts constituting willful misfeasance, bad faith, gross negligence, or reckless disregard of the Adviser’s duties under the
Investment Advisory Agreement. In addition, we have agreed to indemnify the Adviser and each of its officers, managers, members, agents,
employees, and other affiliates from and against all damages, liabilities, costs, and expenses (including reasonable legal fees and other
amounts reasonably paid in settlement) incurred by such persons arising out of or based on performance by the Adviser of its obligations
under the Investment Advisory Agreement, except where attributable to willful misfeasance, bad faith, gross negligence, or reckless disregard
of the Adviser’s duties under the Investment Advisory Agreement. These protections may lead the Adviser to act in a riskier manner
when acting on our behalf than it would when acting for its own account.

The Adviser may not be able to achieve the same or similar returns as those achieved by other portfolios managed by the Adviser.

Although the Adviser manages other investment
portfolios, including accounts using investment objectives, investment strategies, and investment policies similar to ours, we cannot
assure you that we will be able to achieve the results realized by any other vehicles managed by the Adviser.

We may experience fluctuations in our NAV and quarterly operating results.

We could experience fluctuations in our NAV from
month to month and in our quarterly operating results due to a number of factors, including the timing of distributions to our stockholders,
fluctuations in the value of the CLO securities that we hold, our ability or inability to make investments that meet our investment criteria,
the interest and other income earned on our investments, the level of our expenses (including the interest or dividend rate payable on
the debt securities or preferred stock we may issue), variations in and the timing of the recognition of realized and unrealized gains
or losses, the degree to which we encounter competition in our markets, and general economic conditions. As a result of these factors,
our NAV and results for any period should not be relied upon as being indicative of our NAV and results in future periods.

| 51 |

Our board of directors may change our operating policies and strategies without stockholder