other material
confidence high
sentiment positive
materiality 0.70
PSBD expands buyback program by $30M, extends to June 2027; plans 10b5-1 plan
Palmer Square Capital BDC Inc.
- Board authorized additional $30M for share repurchases, extending program to June 22, 2027.
- Plans Rule 10b5-1 repurchase plan for up to $10M when stock price is below NAV per share.
- $22.2M in repurchases completed to date under existing program.
- CEO states conviction buying at discount to book value drives shareholder returns.