Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 237

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 237
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by another party of a specified amount of a specific security at a specified future time and at a specified price. An option on a futures
contract gives the purchaser the right, in exchange for a premium, to assume a position in a futures contract at a specified exercise
price during the term of the option. An index futures contract is a bilateral agreement pursuant to which two parties agree to take or
make delivery of an amount of cash equal to a specified dollar amount times the difference between the index value at the close of trading
of the contract and the price at which the futures contract is originally struck. No physical delivery of the securities comprising the
index is made, and generally contracts are closed out prior to the expiration date of the contract.

The Company may also invest
in Treasury futures, interest rate futures, interest rate swaps, and interest rate swap futures. A Treasury futures contract involves
an obligation to purchase or sell Treasury securities at a future date at a price set at the time of the contract. The sale of a Treasury
futures contract creates an obligation by the Company to deliver the amount of certain types of Treasury securities called for in the
contract at a specified future time for a specified price. A purchase of a Treasury futures contract creates an obligation by the Company
to take delivery of an amount of securities at a specified future time at a specific price. Interest rate futures can be sold as an offset
against the effect of expected interest rate increases and purchased as an offset against the effect of expected interest rate declines.
Interest rate swaps are an agreement between two parties where one stream of future interest rate payments is exchanged for another based
on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment that is linked to a particular
interest rate. Interest rate swap futures are instruments that provide a way to gain swap exposure and the structure features of a futures
contract in a single instrument. Swap futures are futures contracts on interest rate swaps that enable purchasers to cash settle at a
future date at the price determined by the benchmark rate at the end of a fixed period.

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The Company will reduce the
risk that it will be unable to close out a futures contract by only entering into futures contracts that are traded on national futures
exchanges regulated by the CFTC (generally, futures must be traded on such exchanges). The Company may use futures contracts and related
options for either hedging purposes or risk management purposes, or to gain exposure to currencies, as well as to enhance the Company’s