Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 84

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 84
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 impair our ability to carry out our business and could cause
us to incur substantial losses. These factors are outside our control and could adversely affect the liquidity and value of our investments,
and may reduce our ability to make attractive new investments.

In particular, economic and financial market conditions
significantly deteriorated for a significant part of the past decade as compared to prior periods. Global financial markets experienced
considerable declines in the valuations of debt and equity securities, an acute contraction in the availability of credit and the failure
of a number of leading financial institutions. As a result, certain government bodies and central banks worldwide, including the U.S.
Treasury Department and the U.S. Federal Reserve, undertook unprecedented intervention programs, the effects of which remain uncertain.
Although certain financial markets have improved, to the extent economic conditions experienced during the past decade recur, they may
adversely impact our investments. Signs of deteriorating sovereign debt conditions in Europe and elsewhere and uncertainty regarding the
policies of the current U.S. presidential administration, including with regard to the imposition of trade tariffs, embargoes, or other
restrictions or limitations on trade, could lead to further disruption in the global markets. Trends and historical events do not imply,
forecast or predict future events, and past performance is not necessarily indicative of future results. There can be no assurance that
the assumptions made or the beliefs and expectations currently held by the Adviser will prove correct, and actual events and circumstances
may vary significantly.

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We may be subject to risk arising from a default
by one of several large institutions that are dependent on one another to meet their liquidity or operational needs, so that a default
by one institution may cause a series of defaults by the other institutions. This is sometimes referred to as “systemic risk”
and may adversely affect financial intermediaries with which we interact in the conduct of our business.

We also may be subject to risk arising from a
broad sell-off or other shift in the credit markets, which may adversely impact our income and NAV. In addition, if the value of our assets
declines substantially, we may fail to maintain the minimum asset coverage imposed upon us by the 1940 Act. See “— Risks Related to Our Investments — We may leverage our portfolio, which would magnify the potential for gain or loss on amounts invested and increase the risk of investing in us” and “Regulation as a Closed-End Management Investment Company.”
Any such failure would affect our ability to issue preferred