Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 40

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 40
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 earn an attractive risk-adjusted return through investments in CLOs.

The Adviser intends to focus our investments in
CLO equity.

We believe that CLO equity has the following attractive
fundamental attributes:

| · | Potential for strong absolute and risk-adjusted returns: We believe that CLO equity offers                                       
 a potential total return profile that is attractive on a risk-adjusted basis compared to other asset classes over the long-term. |

| · | Protection against rising interest rates: A CLO’s asset portfolio typically comprises                                                    
 floating rate loans and the CLO’s liabilities are also predominantly floating rate instruments. CLO equity provides potential protection 
 against rising interest rates. However, our investments are still subject to other forms of interest rate risk. For a discussion of the  
 interest rate risks associated with our investments, see “Risk Factors — Risks Related to Our Investments — We                           
 and our investments are subject to interest rate risk” and “— CLO Overview.”                                                             |

| · | Senior secured nature of the collateral: The primary attributes of senior secured loans                                              
 typically include a senior position in a company’s capital structure (there is a cushion provided by subordinated equity and debt    
 capital). The holder of a senior secured loan has the first lien security interest in a company’s assets. In general, senior secured 
 loans have a loan-to-value ratio of approximately 40% to 60% at the time of origination based on a borrower’s assessed enterprise    
 value.                                                                                                                               |

CLO securities are also subject to a number of
risks as discussed elsewhere in this “Prospectus Summary” section and in more detail in the “Risk Factors” section of this prospectus. Among our primary targeted investments, the risks associated with CLO equity are generally
greater than those associated with CLO debt.

| 8 |

<div align='center'>Our Competitive Advantages</div>

We believe that we are well positioned to take
advantage of investment opportunities in CLO securities and related investments due to the following competitive advantages:

| · | Experienced and specialist investors in CLO securities. The Adviser focuses solely on CLO                                                      
 securities and related investments. The Adviser benefits from having a team of investment professionals with more than 156 years of collective 
 experience in analyzing, structuring and trading securitized products. As a “pure play” CLO investor, the Adviser only invests                 
 in CLO tranches and does not invest in any other