Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 33

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 33
---
                    
 fee is calculated and payable quarterly in arrears and equals 15% of our Pre-Incentive Fee Net Investment Income for the immediately preceding                                                                                                                                                                                                                                                                                                  
 quarter, subject to a preferred return, or “hurdle,” of 2.00% of our NAV (8.00% annualized) and a “catch up” feature.                                                                                                                                                                                                                                                                                                                           
 No incentive fee is payable to the Adviser on capital gains, whether realized or unrealized. In addition, the amount of the incentive                                                                                                                                                                                                                                                                                                           
 fee is not affected by any realized or unrealized losses that we may suffer.                                                                                                                                                                                                                                                                                                                                                                    
 See “The Adviser and                                                                                                                                                                                                                                                                                                                                                                                                                            
 the Administrator — Investment Advisory Agreement — Base Management Fee and Incentive Fee.”                                                                                                                                                                                                                                                                                                                                                     |
| Other Expenses                        | The investment team of the Adviser, when and to the extent engaged in providing investment advisory and management services, and the compensation and routine overhead expenses of such personnel allocable to such services, are provided and paid for by the Adviser. We bear all other costs and expenses of our operations and transactions. See “The Adviser and the Administrator — Investment Advisory Agreement — Payment of Expenses.” |

| Administration Agreement | We have entered into a Services Agreement with ALPS Fund Services, Inc. and SS&C GIDS, Inc. pursuant to which ALPS Fund Services, Inc. (the “Administrator”) furnishes us with office facilities, equipment and clerical, bookkeeping and record-keeping services. Under the Services Agreement, the Administrator has agreed to perform, or arrange for the performance of, our required administrative services. Under the Services Agreement, the Administrator provides us with accounting services, assists us in determining and publishing our NAV, prepares our financial statements, oversees the preparation and filing of our tax returns and the printing and dissemination of reports to our stockholders, generally oversees the payment of our expenses and the performance of administrative and professional services rendered to us by others and provides such other administrative services as the Company may from time to time designate. We reimburse the Administrator for certain costs and expenses incurred by the Administrator in performing its obligations under the Services Agreement. See “The Adviser and the Administrator — The Administrator and the Services Agreement.” |

| 21 |

| Market Price of Common Stock and Closed-End 
 Fund Structure                              | Closed-end funds differ from open-end                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 management investment companies, or “mutual funds,” in that closed-end funds generally list their shares for trading on a