Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 219

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 219
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company, we are subject to regulation under the 1940 Act. Under the 1940 Act, unless authorized by vote of a majority of our outstanding
voting securities, we may not:

| · | change our classification to an open-end management investment company;                             |
| · | alter any of our fundamental policies, which are set forth below in “— Investment Restrictions”; or |
| · | change the nature of our business so as to cease to be an investment company.                       |

A majority of the outstanding voting securities
of a company is defined under the 1940 Act as the lesser of: (a) 67% or more of such company’s voting securities present at a meeting
if more than 50% of the outstanding voting securities of such company are present or represented by proxy, or (b) more than 50% of the
outstanding voting securities of such company.

As with other companies regulated by the 1940
Act, a registered closed-end management investment company must adhere to certain substantive regulatory requirements. A majority of our
directors must be persons who are not “interested persons” of us, as that term is defined in the 1940 Act. We are required
to provide and maintain a bond issued by a reputable fidelity insurance company to protect the closed-end management investment company.
Furthermore, as a registered closed-end management investment company, we are prohibited from protecting any director or officer against
any liability to us or our stockholders arising from willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties
involved in the conduct of such person’s office. We may also be prohibited under the 1940 Act from knowingly participating in certain
transactions with our affiliates absent exemptive relief or other prior approval by the SEC.

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We will generally not be able to issue and sell
shares of our common stock at a price below the then current NAV per share (exclusive of any distributing commission or discount). See
“Risk Factors — Risks Relating to Our Business and Structure — Regulations governing our operation as a registered closed-end management investment company affect our ability to raise additional capital and the way in which we do so. The raising of debt capital may expose us to risks, including the typical risks associated with leverage.” We may, however, sell shares
of our common stock at a price below the then-current NAV per share if our board of directors determines that such sale is in our best
interests and the best interests of our