Palmer Square BDC Q1 NII $0.40/share, down 23% YoY; NAV falls to $15.85

Palmer Square Capital BDC Inc.

2025-Q1 EPS reported $0.40

Net investment income $12.9M ($0.40/share) vs $16.3M ($0.52) in Q1 2024; total investment income $31.2M, down from $34.8M.
Net realized/unrealized loss of $21.3M vs $6.6M gain in prior-year quarter; NAV per share dropped from $16.50 to $15.85.
Declared Q2 base dividend of $0.36/share payable July 14 to holders of record June 27; supplemental dividend expected in June.
Portfolio yield 10.37% vs 10.65% last Q; non-accruals rose to 0.24% from 0.08%; PIK income only 1.63% of total income.
Debt-to-equity unchanged at 1.50x; available liquidity $229.5M; new investments funded $104.3M vs repayments $144.4M.

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