---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-104229"
form_type: "8-K"
ticker: "PSBD"
cik: "0001794776"
company_name: "Palmer Square Capital BDC Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:46:50.324501+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Palmer Square Capital BDC posts Q2 NII of $0.43/sh, down from $0.48 YoY; declares $0.36 base dividend

## Summary
- Total investment income $31.7M vs $36.5M YoY; NII $13.8M ($0.43/sh) vs $15.8M ($0.48/sh) YoY.
- NAV per share $15.68 at June 30, 2025 vs $15.85 at March 31, 2025; total net assets $505.2M.
- Declared Q3 base dividend $0.36/sh, payable Oct 14, 2025 to holders of record Sep 26, 2025; supplemental expected in September.
- Portfolio yield 10.10%; debt-to-equity 1.51x; only one loan on non-accrual (0.19% of portfolio).
- New investments funded $92.4M, sales/repayments $133.3M; available liquidity $253.5M.

## SEC filing metadata
- accession: 0000950170-25-104229
- form_type: 8-K
- ticker: PSBD
- cik: 0001794776
- company_name: Palmer Square Capital BDC Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1794776/000095017025104229/0000950170-25-104229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794776/000095017025104229/psbd-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-104229
- JSON: https://secwatch.observer/filing/0000950170-25-104229.json
- Plain text: https://secwatch.observer/filing/0000950170-25-104229.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.