{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-266983","form_type":"8-K","ticker":"PSBD","cik":"0001794776","company_name":"Palmer Square Capital BDC Inc.","filed_at":"2025-11-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.485129+00:00","generated_at":"2026-05-17T00:21:59.567357+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Palmer Square Capital BDC Q3 NII $0.43/share, down from $0.48 YoY; declares Q4 base dividend $0.36","bullets":["Net investment income $13.6M ($0.43/share) vs $15.7M ($0.48/share) in Q3 2024, down 13%.","Total investment income $31.7M in Q3 2025, down from $37.3M YoY; PIK income only $360.9K (1.14%).","NAV per share $15.39 at Sept 30, down from $15.68 at June 30 and $16.61 a year ago.","Declared Q4 2025 base dividend $0.36/share, payable Jan 14, 2026 to holders of record Dec 29, 2025.","Portfolio yield 10.07%; 99.6% of portfolio income producing; two companies on non-accrual."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-266983","json":"https://secwatch.observer/filing/0001193125-25-266983.json","markdown":"https://secwatch.observer/filing/0001193125-25-266983.md","text":"https://secwatch.observer/filing/0001193125-25-266983.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1794776/000119312525266983/0001193125-25-266983-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1794776/000119312525266983/psbd-20251105.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:21:59.567357+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"}