Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 151

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 151
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 in a manner deemed appropriate in their sole
discretion to achieve a fair and equitable result over time. Pursuant to these policies and procedures, when allocating investment opportunities,
the Adviser may take into account regulatory, tax, or legal requirements applicable to an account. In allocating investment opportunities,
the Adviser may use rotational, percentage, or other allocation methods provided that doing so is consistent with the Adviser’s
internal conflict of interest and allocation policies and the requirements of the Investment Advisers Act of 1940, or the “Advisers
Act,” the 1940 Act and other applicable laws. In addition, an account managed by the Adviser, such as us, is expected to be considered
for the allocation of investment opportunities together with other accounts managed by affiliates of the Adviser. There is no assurance
that such opportunities will be allocated to any particular account equitably in the short-term or that any such account, including us,
will be able to participate in all investment opportunities that are suitable for it.

Valuation

The market for CLO securities is more limited
than the market for other credit related investments. As a result, we value, and the Adviser reviews and determines, in good faith, in
accordance with the 1940 Act, the value of, these securities based on relevant information compiled by the Adviser and third-party pricing
services (when available) as described under “Determination of Net Asset Value.” Our interested director is
associated with the Adviser and has an interest in the Adviser’s economic success. The participation of the Adviser’s investment
professionals in our valuation process, and the interest of our interested director in the Adviser, could result in a conflict of interest
as the management fee paid to the Adviser is based, in part, on our net assets.

Co-Investments and Related Party Transactions

In the ordinary course of business, we may enter
into transactions with persons who are affiliated with us by reason of being under common control of the Adviser or its affiliates. In
order to ensure that we do not engage in any prohibited transactions with any persons affiliated with us, we have implemented certain
policies and procedures whereby our executive officers screen each of our transactions for any possible affiliations between us, the Adviser
and its affiliates and our employees, officers, and directors. We will not enter into any such transactions unless and until we are satisfied
that doing so will not raise concerns under the 1940 Act or, if