Company: PDCC
Filing Date: 2025-09-03
Form Type: N-CSRS
Source: 0001398344-25-017467
Chunk: 32

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-03
Form: N-CSRS
Chunk 32
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 of the closing market
price per share on the payment date, provided that if 95% of the closing market price per share on the payment date is below our last
determined NAV per share, then the number of shares to be credited to each participant’s account pursuant to the DRIP will be determined
by dividing the aggregate dollar amount of the distribution by the lesser of (i) our last determined NAV per share and (ii) the closing
market price per share. The market price per share on that date will be the closing price for such shares on the NYSE or, if no sale is
reported for such day, at the average of their electronically reported bid and asked prices. We reserve the right to purchase shares in
the open market in connection with our implementation of the DRIP. Shares purchased in open market transactions by the DRIP Administrator
will be allocated to a common stockholder based on the average purchase price, excluding any brokerage charges or other charges, of all
shares of common stock purchased in the open market. The number of shares of our common stock to be outstanding after giving effect to
payment of the distribution cannot be established until the value per share at which additional shares will be issued has been determined
and elections of our common stockholders have been tabulated.

There are no brokerage charges with respect to shares
of common stock issued directly by us. However, whenever shares are purchased or sold on the NYSE or otherwise on the open market, each
participant will pay a pro rata portion of brokerage trading fees, currently $0.03 per share purchased or sold. Brokerage trading fees
will be deducted from amounts to be invested.

Holders of our common stock can also sell shares held
in the DRIP account at any time by contacting the DRIP Administrator in writing at 430 W 7th Street, Suite 219360, Kansas City, MO 64105-1407.
The DRIP Administrator will mail a check to such holder (less applicable brokerage trading fees) on the settlement date, which is three
business days after the shares have been sold. If a common stockholder chooses to sell its shares through a broker, the holder will need
to request that the DRIP Administrator electronically transfer their shares to the broker through the Direct Registration System.

Common stockholders participating in the DRIP may
withdraw from the DRIP at any time by contacting the DRIP Administrator in writing at 430 W 7th Street, Suite 219360, Kansas City, MO