Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 36

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 36
---
 of total offering expenses (which may include offering expenses borne by third 
 parties on the Company’s behalf), the offering price and the offering expenses borne by the Company as a percentage of the offering     
 price.                                                                                                                                  |

| 3 | The expenses of administering the DRIP are included in “other expenses.” If a participant                                              
 elects by written notice to the plan administrator prior to termination of his or her account to have the plan administrator sell part 
 or all of the shares held by the plan administrator in the participant’s account and remit the proceeds to the participant, the        
 plan administrator is authorized to deduct a $0.03 per share brokerage trading fee from the proceeds. See “Dividend Reinvestment       
 Plan.”                                                                                                                                 |

| 24 |

| 4 | We have agreed to pay the Adviser as compensation under the Investment Advisory Agreement a base management                           
 fee at an annual rate of 1.50% which is calculated and payable quarterly in arrears based on our Total Equity Base. “Total Equity     
 Base” means the net asset value attributable to common stock (prior to the application of the base management fee or incentive fee)   
 and the paid-in or stated capital of the preferred interests in the Company (howsoever called), including the Series A Term Preferred 
 Stock, if any.                                                                                                                        |

The figure shown in the table above reflects our assumption that we incur leverage in an amount equal to approximately 25% of our total assets (as determined immediately after the leverage is incurred). These base management fees are indirectly borne by holders of our common stock and are not borne by the holders of preferred stock, if any, or the holders of any other securities that we may issue. See “ The Adviser and the Administrator — Investment Advisory Agreement — Base Management Fee and Incentive Fee.”

| 4 | We have agreed to pay the Adviser as compensation under the                                                                          
 Investment Advisory Agreement a base management fee at an annual rate of 1.50% which is calculated and payable quarterly in arrears  
 based on our Total Equity Base. “Total Equity Base” means the net asset value attributable to common stock (prior to the             
 application of the base management fee or incentive fee) and the paid-in or stated capital of the preferred interests in the Company 
 (howsoever called), including the Series A Term Preferred Stock, if any. The figure shown in the table above reflects our assumption 
 that we incur leverage in an amount equal to approximately 25% of our total assets (as determined immediately after