Palmer Square Capital Bdc Inc. Stock Price, News & Analysis

Palmer Square Capital Management marks the 10th anniversary of its pioneering CLO indices - the Palmer Square CLO Senior Debt Index (CLOSE) and CLO Debt Index (CLODI), launched on May 29, 2015. The company has expanded to nearly 1,000 global subscribers and recently launched a U.S. ETF (PSQA) with plans for a European product. The CLO market has grown significantly from $400 million to over $1 trillion in market value over the past decade. The CLOSE index, focused on AAA/AA-rated senior tranches, has shown consistent positive returns, with 7.40% in 2024 and 9.01% in 2023. The CLODI index, tracking A/BBB/BB-rated mezzanine tranches, demonstrated higher returns but more volatility, posting 13.22% in 2024 and 17.40% in 2023.

Palmer Square Capital BDC (NYSE: PSBD) reported its Q1 2025 financial results, showing total investment income of $31.2 million, down from $34.8 million in Q1 2024. Net investment income was $12.9 million ($0.40 per share), compared to $16.3 million ($0.52 per share) last year. The company's NAV decreased to $15.85 per share from $16.50 at year-end 2024. Total net realized and unrealized losses were $21.3 million, versus gains of $6.6 million in Q1 2024. The company declared a Q2 2025 base dividend of $0.36 per share, with an additional supplemental dividend expected to be announced in June. As of March 31, 2025, PSBD maintained a debt-to-equity ratio of 1.50x and had a portfolio of $1.3 billion invested across 209 companies, with 96% in senior secured loans.

Palmer Square Capital BDC (NYSE: PSBD) has scheduled its first quarter 2025 earnings release and conference call. The company will announce financial results for Q1 ending March 31, 2025, before market opening on Wednesday, May 7, 2025.

A conference call will be held at 1:00 pm ET the same day to discuss performance and conduct a Q&A session. Participants can register through Palmer Square's Investor Relations website and are advised to join 10 minutes early. The call will be accessible via US toll-free number (+1-888-596-4144) and international number (+1-646-968-2525) using passcode 1803382#. A webcast replay will be available post-event on the company's IR website.

Palmer Square Capital BDC (NYSE: PSBD) has declared a supplemental dividend of $0.03 per share for the first quarter 2025, in addition to its base dividend of $0.36 per share. Both dividends will be payable on April 10, 2025, to shareholders of record as of March 28, 2025.

The supplemental dividend will be funded from excess undistributed net investment income above the Q1 2025 base dividend. PSBD, an externally managed business development company, focuses on corporate debt loans, particularly in large private U.S. companies within the broadly syndicated loan market and direct large cap private credit market.

Palmer Square Capital BDC (NYSE: PSBD) reported its Q4 and full-year 2024 financial results, with total investment income of $34.9 million in Q4 2024, up from $29.8 million year-over-year. Net investment income was $14.8 million ($0.45 per share), compared to $15.4 million ($0.58 per share) in Q4 2023.

The company's net asset value stood at $16.50 per share as of December 31, 2024, slightly down from $16.61 in Q3. Total assets reached $1.4 billion with net assets of $537.8 million. The debt-to-equity ratio improved to 1.50x from 1.52x in Q3 2024.

PSBD declared a Q1 2025 base dividend of $0.36 per share, payable April 10, 2025, with an additional supplemental dividend expected to be announced in March. The portfolio consisted of 85.7% first lien senior secured debt, with 99% of long-term investments at floating rates and 99.92% income-producing.

Palmer Square Capital BDC (NYSE: PSBD) has announced it will release its financial results for Q4 and full year 2024 before market opens on Thursday, February 27, 2025. The company will host a conference call at 1:00 pm ET on the same day to discuss the financial performance and conduct a Q&A session.

Participants can register through Palmer Square's Investor Relations website and are advised to join 10 minutes before the call. The conference call will be accessible via US toll-free number (+1 888-596-4144) and international number (+1 646-968-2525) using passcode 1803382#. A webcast replay will be available after the event on the company's Investor Relations website.

Palmer Square Capital Management, a credit-focused asset manager with over $33 billion in assets under management, announces plans to launch three pioneering ETFs for European institutional investors in early 2025. Two ETFs will passively focus on EUR and USD denominated AAA and AA CLO debt, while the third will be an active multi-strategy ETF similar to their US offering.

The ETFs aim to provide capital preservation by targeting cycle-resilient assets with zero historical defaults. The active ETF will offer a single-manager solution for portfolio construction across corporate and structured credit. The passive products will leverage Palmer Square's expertise in senior CLO tranches, utilizing their proprietary benchmarks that are trusted by institutions globally.

Palmer Square Capital BDC (NYSE: PSBD) has announced a supplemental dividend of $0.06 per share for the fourth quarter of 2024. This supplemental payment comes in addition to the base dividend of $0.42 per share for the same quarter. Both dividends will be paid on January 13, 2025, to shareholders of record as of December 27, 2024. The supplemental dividend represents excess undistributed net investment income above the base dividend amount.

Palmer Square Capital BDC Inc. (NYSE: PSBD) has announced its plans to release financial results for the third quarter ended September 30, 2024. The release is scheduled for Tuesday, November 5, 2024, before the market opens. Following this, the company will host a conference call at 1:00 pm ET to review its financial performance and conduct a Q&A session.

Participants can register for the earnings call on the Palmer Square Investor Relations website. To ensure smooth participation, joining at least 10 minutes before the call's start is recommended. The call can be accessed via phone using the following details:

• United States: +1 (888) 596-4144
• International: +1 (646) 968-2525
• Event Plus Entry Passcode: 1803382#

A live audio webcast will also be available, and a replay will be accessible on the events and presentations section of the Palmer Square Investor Relations website shortly after the call concludes.