Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 98

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 98
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 this offering in our targeted investments, although the
length of such period may vary depending on the availability of appropriate investment opportunities consistent with our investment objectives
and market conditions. We cannot assure you we will achieve our targeted investment pace, which may negatively impact our returns. Until
appropriate investments or other uses can be found, we will invest in temporary investments, such as cash, cash equivalents, U.S. government
securities, and other high-quality debt investments that mature in one year or less, which we expect will have returns substantially lower
than the returns that we anticipate earning from investments in CLO securities and related investments. Investors should expect, therefore,
that before we have fully invested the proceeds of this offering in accordance with our investment objectives and policies, assets invested
in these instruments would earn interest income at a modest rate, which may not exceed our expenses during this period. To the extent
that the net proceeds from an offering have not been fully invested in accordance with our investment objectives and strategies prior
to the next payment of a distribution to our stockholders, a portion of the proceeds may be used to pay such distribution and may represent
a return of capital.

<div align='center'>PRICE RANGE OF COMMON STOCK</div>

Our common stock began trading on July 9, 2024
and is currently traded on the NYSE under the symbol “PDCC”. The following table lists the high and low closing sale price
for our common stock, the high and low closing sale price as a percentage of NAV and distributions declared per share each quarter since
July 9, 2024.

| Period                                     |     | NAV(1) |       |     | Closing Sales Price 
 High                |       |     | Low |       |     | Premium (Discount) of High Sales 
 Price to                         
 NAV(2)                           |      |   |     | Premium (Discount) of Low Sales 
 Price to                        
 NAV(2)                          |      |    |     | Distributions 
 Declared      |      |
|:-------------------------------------------|:----|:-------|------:|:----|:--------------------|------:|:----|:----|------:|:----|:---------------------------------|-----:|:--|:----|:--------------------------------|-----:|:---|:----|:--------------|-----:|
| Fiscal quarter ended June 30, 2025         |     | $      | 18.18 |     | $                   | 20.00 |     |