Company: PDCC
Filing Date: 2025-09-03
Form Type: N-CSRS
Source: 0001398344-25-017467
Chunk: 24

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-03
Form: N-CSRS
Chunk 24
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5,443,862 at a weighted average daily interest rate of 7.52% 
 and the interest expense amounted to $206,098. As of June 30, 2025 the total value of collateral was $28,488,428.                         |

The following is a summary of the reverse repurchase agreements by the
type of collateral and the remaining contractual maturity of the agreements.

|                                        |     | Overnight      
 and Continuous |   |     | Up to 30 Days |   |     | 30 to 90 Days |   |     | Greater than 
 90 Days      |           |     | Total |           |
|:---------------------------------------|:----|:---------------|:--|:----|:--------------|:--|:----|:--------------|:--|:----|:-------------|----------:|:----|:------|----------:|
| Collateralized Loan Obligation- Equity |     | $              | – |     | $             | – |     | $             | – |     | $            | 6,962,552 |     | $     | 6,962,552 |

The Fund has elected to not offset derivative assets
and liabilities or financial assets, including cash, that may be received or paid as part of collateral arrangements, even when an enforceable
master netting agreement is in place that provides the Fund, in the event of counterparty default, the right to liquidate collateral and
the right to offset a counterparty’s rights and obligations.

Reverse repurchase agreements are entered into the
Fund under the Master Repurchase Agreements (“MRA”) which permits the Fund, under certain circumstances, including an event
or default of the Fund (such as bankruptcy or insolvency), to offset payables under the MRA with collateral held with the counterparty
and create one single net payment from the Fund. Upon bankruptcy or insolvency of the MRA counterparty, the Fund is considered an unsecured
creditor with respect to excess collateral and, as such, the return of excess collateral may be delayed. In the event the buyer of securities
(i.e. the MRA counterparty) under a MRA files for bankruptcy or becomes insolvent the Fund’s use of the proceeds of the agreement may
be restricted while the other party, or its trustee or receiver, determines whether or not to enforce the Fund’s obligation to repurchase
the securities.

5. RELATED PARTY TRANSACTIONS

Investment Adviser

The Investment