Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 192

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 192
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 required by law, special meetings of stockholders may be called by the secretary at the request of
our board of directors, the chairperson of the board and our chief executive officer.

Conflict with the 1940 Act. Our
bylaws provide that, if and to the extent that any provision of the DGCL or bylaws conflicts with any provision of the 1940 Act, the applicable
provision of the 1940 Act will control.

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Exclusive Forum. Our bylaws provide
that, except for any claims, suits, actions, or proceedings arising under the federal securities laws. unless the Company consents to
the selection of an alternative forum in writing, the Court of Chancery, or if that court does not have jurisdiction, the United States
District Court for the District of Delaware shall be the sole and exclusive forum for (a) any derivative action or proceeding brought
on behalf of the Company, (b) any action asserting a claim of breach of any duty owed by any director or officer or other agent of the
Company to the Company or to the stockholders of the Company, (c) any action asserting a claim against the Company or any Director or
officer or other agent of the Company arising pursuant to any provision of the DGCL or our certificate of incorporation or our bylaws,
or (d) any action asserting a claim against the Company or any Director or officer or other agent of the Company that is governed by the
internal affairs doctrine.

Potential Conversion to Open-End Fund

We may be converted to an open-end management
investment company at any time if approved by each of the following: (i) a majority of our directors then in office, (ii) the holders
of not less than 75% of our outstanding shares entitled to vote thereon, and (iii) such vote or votes of the holders of any class or classes
or series of shares as may be required by the 1940 Act. The composition of our portfolio likely could prohibit us from complying with
regulations of the SEC applicable to open-end management investment companies. Accordingly, conversion likely would require significant
changes in our investment policies and may require liquidation of a substantial portion of relatively illiquid portions of its portfolio,
to the extent such positions are held. In the event of conversion, the shares of our common stock would cease to be listed on the NYSE
or other national securities exchange or market system. Any outstanding shares of our preferred stock would be redeemed by us prior