Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 94

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 94
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 global economic instability. To the extent
the Company’s underlying investments have exposure to certain countries, regions, companies, industries, or market sectors, such
positions will increase the risk of loss from adverse developments affecting those countries, regions, companies, industries or sectors.
Further, global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region,
or financial market may adversely impact issuers in a different country, region, or financial market.

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Beginning in the first quarter of 2020, financial
markets in the United States and around the world experienced extreme and, in many cases, unprecedented volatility and severe losses due
to the global pandemic caused by COVID-19, a novel coronavirus. The pandemic resulted in a wide range of social and economic disruptions,
including closed borders, voluntary or compelled quarantines of large populations, stressed healthcare systems, reduced or prohibited
domestic or international travel, and supply chain disruptions affecting the United States and many other countries. Some sectors of the
economy and individual issuers experienced particularly large losses as a result of these disruptions. Although the immediate effects
of the COVID-19 pandemic have dissipated, global markets and economies continue to contend with the ongoing and long-term impact of the
COVID-19 pandemic and the resultant market volatility and economic disruptions. It is unknown how long events related to the pandemic
will persist, whether they will reoccur in the future, whether efforts to support the economy and financial markets will be successful,
and what additional implications may follow from the pandemic. The impact of these events and other epidemics or pandemics in the future
could adversely affect Company performance.

Geopolitical tensions introduce uncertainty into
global markets. Russia’s military invasion of Ukraine in February 2022, the resulting responses by the United States and other countries,
and the potential for wider conflict could increase volatility and uncertainty in the financial markets and adversely affect regional
and global economies. The United States and other countries have imposed broad-ranging economic sanctions on Russia, certain Russian individuals,
banking entities and corporations, and Belarus as a response to Russia’s invasion of Ukraine and may impose sanctions on other countries
that provide military or economic support to Russia. The extent and duration of Russia’s military actions and the repercussions
of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions, including cyber-attacks)
are impossible to predict, but could result in significant market disruptions, including in certain industries or sectors, such as