Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 73

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 73
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 through the recording of unrealized appreciation or depreciation
of investments, and may cause our NAV on a given date to understate or overstate, possibly materially, the value that we may ultimately
realize on one or more of our investments. See “Conflicts of Interest — Valuation.”

Our financial condition and results of operations depend on the Adviser’s ability to effectively manage and deploy capital.

Our ability to achieve our investment objectives
will depend on the Adviser’s ability to effectively manage and deploy capital, which will depend, in turn, on the Adviser’s
ability to identify, evaluate, and monitor, and our ability to acquire, investments that meet our investment criteria.

Accomplishing our investment objectives on a cost-effective
basis will be largely a function of the Adviser’s handling of the investment process, its ability to provide competent, attentive,
and efficient services and our access to investments offering acceptable terms, either in the primary or secondary markets. Even if we
are able to grow and build upon our investment operations, any failure to manage our growth effectively could have a material adverse
effect on our business, financial condition, results of operations, and prospects. The results of our operations will depend on many factors,
including the availability of opportunities for investment, readily accessible short and long-term funding alternatives in the financial
markets, and economic conditions. Furthermore, if we cannot successfully operate our business or implement our investment policies and
strategies as described in this prospectus, it could adversely impact our ability to pay distributions. In addition, because the trading
methods employed by the Adviser on our behalf are proprietary, stockholders will not be able to determine details of such methods or whether
they are being followed.

We are reliant on the Adviser to carry out our investment strategy.

The Adviser manages our investments. Consequently,
our success depends, in large part, upon the services of the Adviser and the skill and expertise of the Adviser’s professional personnel.
Incapacity of any key personnel of the Adviser could have a material and adverse effect on our performance. There can be no assurance
that the professional personnel of the Adviser will continue to serve in their current positions or continue to be employed by the Adviser.
We can offer no assurance that their services will be available for any length of time or that the Adviser will continue indefinitely
as our Adviser.

The Adviser and the Administrator each has the right to resign on 90 days’ notice, and we may not be able to find a suitable