Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 176

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 176
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5:

| (1)                                         
 Title of Class                              |     | (2)        
 Amount     
 Authorized |             |     | (3)          
 Amount       
 Held         
 by Us or for 
 Our Account  |   |     | -4)          
 Amount       
 Outstanding  
 Exclusive of 
 Amounts      
 Shown        
 Under (3     |           |
| Common stock, par value $0.001 per share    |     |            | 200,000,000 |     |              | 0 |     |              | 6,796,473 |
| Preferred stock, par value $0.001 per share |     |            |  25,000,000 |     |              | 0 |     |              | 1,380,000 |

| 98 |

Common Stock

All shares of our common stock have equal rights
as to earnings, assets, dividends, and voting and, when they are issued, will be duly authorized, validly issued, fully paid, and nonassessable.
Distributions may be paid to holders of our common stock if, as and when authorized by the board of directors and declared by us out of
funds legally available therefrom. Shares of our common stock have no preemptive, exchange, conversion, or redemption rights and are freely
transferable, except when their transfer is restricted by U.S. federal and state securities laws or by contract. In the event of our liquidation,
dissolution, or winding up, each share of our common stock would be entitled to share ratably in all of our assets that are legally available
for distribution after we pay all debts and other liabilities and subject to any preferential rights of holders of our preferred stock,
if any preferred stock is outstanding at such time. Each share of common stock is entitled to one vote on all matters submitted to a vote
of stockholders, including the election of directors. Except as provided with respect to any other class or series of stock, holders of
our common stock will possess exclusive voting power. There is no cumulative voting in the election of directors.

Preferred Stock

Our certificate of incorporation authorizes our
board of directors to classify and reclassify any unissued shares of preferred stock into other classes or series of preferred stock without
stockholder approval. If we issue preferred stock, costs of the offering will be borne immediately at such time by the holders of our
common stock and result in a reduction of the NAV per share of our common stock at that time. We