Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 7

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 7
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 management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended,
or the “1940 Act”. We intend to elect to be treated, and intend to qualify annually, as a regulated investment company, or
“RIC”, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the “Code”, beginning with our
tax year ending December 31, 2024.

Our primary investment objective is to maximize
our portfolio’s total return with a secondary objective to generate high current income. We will seek to achieve our investment
objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (“CLOs”) that are
collateralized by portfolios of sub-investment grade, senior secured floating-rate debt, issued by a large number of distinct US companies
across several industry sectors. We may also invest in other securities and instruments that are related to these investments or that
the Adviser believes are consistent with our investment objectives, including senior and mezzanine debt tranches of CLOs and CLO loan
accumulation facility warehouse (“CLO Warehouse”) first loss investments. The amount that we will invest in other securities
and instruments will vary from time to time and, as such, may constitute a material part of our portfolio on any given date, based on
the Adviser’s assessment of prevailing market conditions.

The CLO equity securities in which we primarily
seek to invest are typically unrated and are considered speculative with respect to timing and amount of distributions. Below investment
grade and unrated securities are also sometimes referred to as “junk” securities.

The Company has adopted a non-fundamental investment
policy in accordance with Rule 35d-1 under the 1940 Act to invest, under normal circumstances, at least 80% of its net assets, plus the
amount of any borrowings for investment purposes, in credit instruments. The Company defines “credit instruments” as financial
instruments the performance of which is derived from the performance of senior secured loans or pools thereof. Instruments that the company
considers to be “credit instruments” include, but are not limited to, senior, mezzanine, and junior debt tranches of CLOs,
equity tranches of CLOs, and CLO Warehouses.

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These investment objectives and strategies are
not fundamental policies of ours and may be changed by our board of directors without prior approval of our