---
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"
generated_at: "2026-05-17T00:21:59.567357+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 Q3 NII $0.43/share, down from $0.48 YoY; declares Q4 base dividend $0.36

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1794776/000119312525266983/0001193125-25-266983-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794776/000119312525266983/psbd-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-266983
- JSON: https://secwatch.observer/filing/0001193125-25-266983.json
- Plain text: https://secwatch.observer/filing/0001193125-25-266983.txt

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