{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-065681","form_type":"8-K","ticker":"PSBD","cik":"0001794776","company_name":"Palmer Square Capital BDC Inc.","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.746269+00:00","generated_at":"2026-05-22T08:41:30.556053+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Palmer Square BDC Q1 NII $0.40/share, down 23% YoY; NAV falls to $15.85","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-065681","json":"https://secwatch.observer/filing/0000950170-25-065681.json","markdown":"https://secwatch.observer/filing/0000950170-25-065681.md","text":"https://secwatch.observer/filing/0000950170-25-065681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794776/000095017025065681/0000950170-25-065681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794776/000095017025065681/psbd-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T08:41:30.556053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}