Company: PDCC
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001398344-25-005419
Chunk: 18

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-03-11
Form: N-CSR
Chunk 18
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------------:|:----|:--------|:--|:----|:------|------------:|
| Collateralized Loan Obligations - Equity |     | $       |          – |     | $       | 148,782,693 |     | $       | – |     | $     | 148,782,693 |
| Collateralized Loan Obligations - Debt   |     | $       |          – |     | $       |     247,569 |     | $       | – |     | $     |     247,569 |
| Short-Term Investments                   |     | $       | 29,744,935 |     | $       |           – |     | $       | – |     | $     |  29,744,935 |
| Total                                    |     | $       | 29,744,935 |     | $       | 149,030,262 |     | $       | – |     | $     | 178,775,197 |
| Other Financial Instruments              |     |         |            |     |         |             |     |         |   |     |       |             |
| Reverse Repurchase Agreements            |     | $       |          – |     | $       |   6,636,782 |     | $       | – |     | $     |   6,636,782 |
| TOTAL                                    |     | $       |          – |     | $       |   6,636,782 |     | $       | – |     | $     |   6,636,782 |

Purchase and Sales of Investment Securities

The cost of purchases and proceeds from the sale of
securities, other than short-term securities and amounts received as part of the reorganization, for the period ended December 31, 2024
were as follows:

| Fund                       |     | Purchases of 
 Securities   |            |     | Proceeds From Sales of 
 Securities             |            |
|:---------------------------|:----|:-------------|-----------:|:----|:-----------------------|-----------:|
| Pearl Diver Credit Company |     | $            | 87,391,546 |     | $                      | 21,269,164 |

4. RISKS AND UNCERTAINTIES

The following list is not intended to be a comprehensive
list of all of the potential risks associated with the Company. The Company’s prospect