secwatch.observer — SEC 8-K summary
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Issuer:     Palmer Square Capital BDC Inc. (PSBD)
CIK:        0001794776
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065681
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794776/000095017025065681/0000950170-25-065681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794776/000095017025065681/psbd-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065681

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