secwatch.observer — SEC 8-K summary
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Issuer:     Palmer Square Capital BDC Inc. (PSBD)
CIK:        0001794776
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211975
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794776/000119312526211975/0001193125-26-211975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794776/000119312526211975/psbd-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211975

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