Palmer Square BDC Q1 2026 NII $0.35/share; NAV per share falls to $13.30 from $14.85

Palmer Square Capital BDC Inc.

Total investment income $26.2M, down from $31.2M in Q1 2025; NII $11.0M ($0.35/share) vs $12.9M ($0.40).
Net realized and unrealized losses of $48.3M; NAV per share dropped to $13.30 at March 31, 2026.
Declared Q2 2026 base dividend of $0.36/share, payable July 13, 2026; supplemental dividend expected in June.
Debt-to-equity increased to 1.70x from 1.54x; portfolio yield improved to 11.73% from 10.37% a year ago.
Only $431K of PIK income (1.64% of total investment income); one non-accrual investment (<0.01% at fair value).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palmer Square Capital BDC Inc. reported the first quarter ended March 31, 2026 results: revenue Total investment income of $26.2 million, net income Net investment income of $11.0 million or $0.35 per share, EPS $0.35 per share.

Period: the first quarter ended March 31, 2026
Revenue: Total investment income of $26.2 million
Net income: Net investment income of $11.0 million or $0.35 per share
EPS: $0.35 per share
Result: reported results

Exact text from the filing

business development company, today announced its financial results for the first quarter ended March 31, 2026. Financial and Operating Highlights • Total investment income of $26.2 million for the first quarter of 2026, compared to $31.2 million for the prior year period • Net investment income of $11.0 million or $0.35 per share for the first quarter of 2026,

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Palmer Square Capital BDC Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-211975

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