Company: PDCC
Filing Date: 2025-09-16
Form Type: N-2/A
Source: 0001214659-25-013826
Chunk: 70

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-09-16
Form: N-2/A
Chunk 70
---
, and in certain markets there have been times when settlements have failed to keep pace with the volume of securities
transactions, making it difficult to conduct such transactions. Delays in settlement could result in periods when our assets are uninvested.
Our inability to make intended investments due to settlement problems or the risk of intermediary counterparty failures could cause it
to miss investment opportunities. The inability to dispose of an investment due to settlement problems could result either in losses to
the Company due to subsequent declines in the value of such investment or, if we have entered into a contract to sell the security, could
result in possible liability to the purchaser. Transaction costs of buying and selling foreign securities also are generally higher than
those involved in domestic transactions. Furthermore, foreign financial markets have, for the most part, substantially less volume than
U.S. markets, and securities of many foreign companies are less liquid and their prices more volatile than securities of comparable domestic
companies.

The economies of individual non-U.S. countries
may also differ favorably or unfavorably from the U.S. economy in such respects as growth of gross domestic product, rate of inflation,
volatility of currency exchange rates, depreciation, capital reinvestment, resources self-sufficiency, and balance of payments position.

Currency risk. Any of our investments
that are denominated in currencies other than U.S. dollars will be subject to the risk that the value of such currency will decrease in
relation to the U.S. dollar. Although we will consider hedging any non-U.S. dollar exposures back to U.S. dollars, an increase in the
value of the U.S. dollar compared to other currencies in which we make investments would otherwise reduce the effect of increases and
magnify the effect of decreases in the prices of our non-U.S. dollar denominated investments in their local markets. Fluctuations in currency
exchange rates will similarly affect the U.S. dollar equivalent of any interest, dividends, or other payments made that are denominated
in a currency other than U.S. dollars.

Any unrealized losses we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution or to make payments on our other obligations.

As a registered closed-end management investment
company, we are required to carry our investments at market value or, if no market value is ascertainable, at the fair value as determined
in good faith by policies and procedures adopted by our board of directors. Decreases in the market values or fair values