Company: PDCC
Filing Date: 2025-09-19
Form Type: 424B2
Source: 0001214659-25-013974
Chunk: 179

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-19
Form: 424B2
Chunk 179
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 set forth below).                            |

If a partnership (including any entity classified
or arrangement treated as a partnership for U.S. federal income tax purposes) holds the securities, the tax treatment of a partner will
generally depend upon the status of the partner and the activities of the partnership. If you are a partnership or a partner in a partnership
holding our securities, you should consult your own tax advisors regarding the tax consequences of an investment in our securities.

This summary is based on the Code, Treasury Regulations, rulings
and judicial decisions as of the date hereof. Those authorities may be changed, possibly on a retroactive basis, so as to result in U.S.
federal income tax consequences different from those summarized below. This summary does not represent a detailed description of the
U.S. federal income tax consequences that may be applicable to you in light of your particular circumstances and does not address the
effects of any aspects of U.S. estate or gift, or state, local or non-U.S. income, estate, or gift tax laws. It is not intended to be,
and should not be construed to be, legal or tax advice to any particular purchaser of our securities. We have not sought and will not
seek any ruling from IRS. No assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary
to any of the tax aspects set forth below. You should consult your own tax advisors concerning the particular U.S. federal income tax consequences to you of the ownership of our securities, as well as the consequences to you arising under the laws or other guidance of any other taxing jurisdiction.

Important U.S. Federal Income Tax Considerations
Affecting Us

We intend to elect to be treated, and to qualify
each tax year, as a RIC under the Code. Accordingly, we must satisfy certain requirements relating to sources of our income and diversification
of our total assets and to satisfy certain distribution requirements, so as to maintain our RIC status and to avoid being subject to U.S.
federal income or excise tax on any undistributed taxable income. To the extent we qualify for treatment as a RIC and satisfy the applicable
distribution requirements, we will generally not be subject to U.S. federal income tax on income paid to our stockholders in the form
of dividends or capital gain dividends.

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To qualify as a RIC for U.S. federal income tax
purposes, we must derive at least 90% of