secwatch.observer — SEC 8-K summary
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Issuer:     Palmer Square Capital BDC Inc. (PSBD)
CIK:        0001794776
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001193125-26-076901
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSBD Q4 NII falls to $0.41/share from $0.45; NAV drops to $14.85; declares $0.36 base dividend
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- Total investment income $29.8M vs $34.9M YoY; NII $13.1M ($0.41/share) down from $14.8M ($0.45).
- Net realized/unrealized losses of $18.4M in Q4 vs $2.9M loss a year ago; NAV $14.85/share vs $15.39 prior quarter.
- Portfolio yield 11.30%; 99.91% of investments income-producing; non-accrual rate 0.09% of fair value.
- Q1 2026 base dividend $0.36/share payable Apr 9, record Mar 27; supplemental expected in March.
- New investments funded $91.4M in Q4; sales/repayments $148.3M; debt-to-equity 1.54x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794776/000119312526076901/0001193125-26-076901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794776/000119312526076901/psbd-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-076901

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer