Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 156

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 156
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 and regulatory guidance and the Adviser’s written allocation procedures. We and the Adviser have submitted
an application for exemptive relief to the SEC to permit us and certain of our affiliates to participate in certain negotiated co-investments
alongside other accounts managed by the Adviser, or certain of its affiliates, subject to certain conditions. There can be no assurance
when, or if, such relief may be obtained. A copy of our application for exemptive relief, including all of the conditions and the related
order, are available on the SEC’s website at www.sec.gov.

Material Non-Public Information

By reason of the advisory and/or other activities
of the Adviser and its affiliates, the Adviser and its affiliates may acquire confidential or material non-public information or be restricted
from initiating transactions in certain securities. The Adviser will not be free to divulge, or to act upon, any such confidential or
material non-public information and, due to these restrictions, it may not be able to initiate a transaction for our account that it otherwise
might have initiated. As a result, we may be frozen in an investment position that we otherwise might have liquidated or closed out or
may not be able to acquire a position that we might otherwise have acquired.

Code of Ethics and Compliance Procedures

In order to address the conflicts of interest
described above, we have adopted a code of ethics under Rule 17j-l of the 1940 Act. Similarly, the Adviser has separately adopted the
“Adviser Code of Ethics.” The Adviser Code of Ethics requires the officers and employees of the Adviser to act in the best
interests of the Adviser and its client accounts (including us), act in good faith and in an ethical manner, avoid conflicts of interests
with the client accounts to the extent reasonably possible, and identify and manage conflicts of interest to the extent that they arise.
Personnel subject to each code of ethics may invest in securities for their personal investment accounts, including securities that may
be purchased or held by us, so long as such investments are made in accordance with the code’s requirements. In addition, each code
of ethics is incorporated by reference as an exhibit to the registration statement of which this prospectus is a part, and is available
on the EDGAR Database on the SEC’s website at www.sec.gov.

Our directors and officers, and the officers and
employees of the Adviser, are also required to comply with applicable provisions of the U.S.