Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 224

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 224
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53726. Although UWF owns 21.5% of the Fund’s                                        
 common shares, and UWF owns a majority of the outstanding interests of Isthmus Capital, it is expected that UWF will delegate certain                             
 of its voting authority with respect to its interests in Isthmus Capital such that it does not control Isthmus Capital and, therefore,                            
 will not be a control person with respect to either Isthmus Capital or the Fund.                                                                                  |

| (4) | The address of each of our officers and directors is c/o Pearl Diver Credit Company Inc., 747 Third Avenue,                            
 Suite 3603, New York, New York. In the aggregate, all officers and directors as a group own less than one percent of our common stock. |

<div align='center'>BROKERAGE ALLOCATION</div>

Since we expect to acquire
and dispose of most of our investments in privately negotiated transactions or in the over-the-counter markets, we will generally not
be required to pay a stated brokerage commission. However, to the extent a broker-dealer is involved in a transaction, the price we pay
or receive, as applicable, may reflect a mark-up or mark-down. Subject to policies established by our Board, the Adviser will be primarily
responsible for selecting brokers and dealers to execute transactions with respect to the publicly traded securities portion of our portfolio
transactions and the allocation of brokerage commissions. The Adviser does not expect to execute transactions through any particular broker
or dealer but will seek to obtain the best net results for us under the circumstances, taking into account such factors as price (including
the applicable brokerage commission or dealer spread), size of order, difficulty of execution, and operational facilities of the firm
and the firm’s risk and skill in positioning blocks of securities. The Adviser generally will seek reasonably competitive trade
execution costs but will not necessarily pay the lowest spread or commission available. Subject to applicable legal requirements and consistent
with Section 28(e) of the Exchange Act, the Adviser may select a broker based upon brokerage or research services provided.
In return for such services, we may pay a higher commission than other brokers would charge if the Adviser determines in good faith that
such commission is reasonable in relation to the services provided.

| 13 |

<div align='center'>LEGAL MATTERS</div>

Certain legal matters in
connection with the securities offered by this prospectus will be passed upon for us by Morgan, Lewis & Bockius LLP. Morgan, Lewis