Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 195

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 195
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1) by or at the direction of the board of directors or (2) provided that the board
of directors has determined that directors will be elected at the meeting, by a stockholder who is entitled to vote at the meeting and
who has complied with the advance notice provisions of the bylaws.

The purpose of requiring stockholders to give
us advance notice of nominations and other business is to afford our board of directors a meaningful opportunity to consider the qualifications
of the proposed nominees and the advisability of any other proposed business and, to the extent deemed necessary or desirable by our board
of directors, to inform stockholders and make recommendations about such qualifications or business, as well as to provide a more orderly
procedure for conducting meetings of stockholders. Although our bylaws do not give our board of directors any power to disapprove stockholder
nominations for the election of directors or proposals recommending certain action, they may have the effect of precluding a contest for
the election of directors or the consideration of stockholder proposals if proper procedures are not followed and of discouraging or deterring
a third party from conducting a solicitation of proxies to elect its own slate of directors or to approve its own proposal without regard
to whether consideration of such nominees or proposals might be harmful or beneficial to us and our stockholders.

Stockholder Meetings. Our bylaws
provide that any action required or permitted to be taken by stockholders at an annual meeting or special meeting of stockholders may
only be taken if it is properly brought before such meeting. In addition, our certificate of incorporation provides that, in lieu of a
meeting, any such action may be taken by unanimous written consent of our stockholders. In addition, our bylaws establish an advance notice
procedure for stockholder proposals to be brought before an annual meeting of stockholders, including proposed nominations of candidates
for election to the board of directors. Stockholders at an annual meeting may only consider proposals or nominations specified in the
notice of meeting or brought before the meeting by or at the direction of the board of directors, or by a stockholder of record on the
record date for the meeting who is entitled to vote at the meeting and who has delivered timely written notice in proper form to the secretary
of the stockholder’s intention to bring such business before the meeting. These provisions could have the effect of delaying until
the next stockholder meeting stockholder actions that are favored by the holders of a majority of our outstanding voting securities.

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Calling of Special