Palmer Square Capital BDC Inc. filings document material-event disclosures for an externally managed business development company focused on corporate debt loans and related debt securities. Recent Form 8-K reports furnish quarterly and annual operating results, supplemental investor presentations, net investment income, net asset value, portfolio metrics and dividend declarations.
The company’s regulatory disclosures also identify PSBD as a non-diversified closed-end management investment company regulated as a BDC under the Investment Company Act of 1940. Filing exhibits describe its adviser relationship with Palmer Square BDC Advisor LLC, its investment focus in broadly syndicated loans and direct large-cap private credit, and recurring disclosures on common stock NAV estimates and distributions.
Palmer Square Capital BDC Inc. reported management’s unaudited estimate of net asset value per share of $13.34 as of September 30, 2026.
Palmer Square Capital BDC Inc. (PSBD) announced that its Board of Directors has declared a third quarter 2026 supplemental dividend of $0.02 per share, in addition to its previously declared base dividend. Shareholders of record on September 25, 2026 will receive both dividends, payable on October 13, 2026.
The supplemental dividend will be paid from the excess of PSBD’s quarterly undistributed net investment income above the $0.36 per share base dividend for the quarter, indicating that current income generation exceeded the ordinary distribution level for this period.
Palmer Square Capital BDC Inc. (PSBD) reported an unaudited management estimate of its net asset value (NAV) per share of common stock of $13.66 as of August 31, 2026. This estimate applies to its common stock listed on the New York Stock Exchange under the symbol PSBD.
Palmer Square Capital BDC Inc. reported an unaudited estimate of net asset value (NAV) per share for its common stock of $13.39 as of July 31, 2026. This NAV figure reflects management’s estimate of the value of the company’s assets minus its liabilities, allocated on a per-share basis. The company’s common stock, par value $0.001 per share, trades on the New York Stock Exchange under the symbol PSBD.
Palmer Square Capital BDC Inc. insider Ben Wiesenfeld, serving as Chief Compliance Officer, filed an initial ownership report on Form 3. The filing shows a direct holding of 1,854 shares of Common Stock as of the reported date, with no specific buy or sell transaction disclosed.
Palmer Square Capital BDC Inc. appointed Ben Wiesenfeld as Chief Compliance Officer effective August 3, 2026, succeeding Scott Betz. The Board’s unanimous decision places Wiesenfeld, currently Chief Compliance Officer and General Counsel of Palmer Square Capital Management LLC, in charge of the company’s compliance program.
Betz, age 48, continues as Chief Operating Officer, a position he has held since 2019, drawing on prior senior roles at Scout Investments and UMB Bank. Wiesenfeld, also 48, previously led compliance for funds and broker-dealer operations at Pacific Life Insurance Company. The company states there are no special arrangements, family relationships, or related-party transactions involving either executive that require disclosure.
Palmer Square Capital BDC Inc. reported Q2 2026 total investment income of $27.3 million, down from $31.7 million a year earlier. Net investment income was $12.0 million, or $0.39 per share, versus $13.8 million, or $0.43 per share, in Q2 2025. Net realized and unrealized losses were $3.6 million compared with $6.7 million of losses in the prior-year quarter. Net asset value was $13.21 per share as of June 30, 2026, versus $13.30 as of March 31, 2026. For the first half of 2026, total return was (4.33)% and NAV declined from $14.85 to $13.21 per share.
The investment portfolio had $1.1 billion of fair value across 206 companies, 96% in senior secured loans and 98% at floating rates, with an 11.95% weighted average yield and 0.29% of investments on non-accrual. Debt-to-equity was 1.71x, total net assets were $406.2 million, and available liquidity was about $331.0 million against $21.5 million of unfunded commitments. Net investment income per share of $0.39 matched dividends earned per share of $0.39; a third-quarter base dividend of $0.36 per share was declared, payable October 13, 2026, to shareholders of record on September 25, 2026, with a supplemental dividend expected to be announced in September. Management stated that it increased and extended its share repurchase program and took proactive steps to improve its liability structure and lower its cost of capital.
After quarter-end, the company completed the CLO Reset Transaction, refinancing a $300 million term debt securitization by issuing $228.00 million of Class A-R notes at Term SOFR plus 1.27% and $72.00 million of Class B-R notes at Term SOFR plus 1.75%. On July 1, 2026, it reduced aggregate commitments under its Bank of America credit facility to $350 million from $525 million.
PSBD reports a highly diversified portfolio of debt and equity investments, focused chiefly on floating-rate first lien senior secured loans to a wide range of portfolio companies. Borrowers span sectors including healthcare providers and services, software, insurance, chemicals, packaging, industrials, media, and consumer-related businesses.
Loan coupons are typically structured as a benchmark "S" rate plus a spread, often with cash and PIK components. Examples include 6.64% (S + 3.00%) to Hunter Douglas Inc, 8.95% (S + CSA + 5.25%) to Medical Solutions Holdings, Inc., and 10.39% (S + 6.75%) to Thryv, Inc. The portfolio also includes second lien senior secured loans, corporate bonds, revolving and delayed draw facilities, and numerous collateralized loan obligation (CLO) interests and subordinated notes, such as POST 2018-1X FR at 13.89% (S + 10.00%) maturing 10/16/2037. Maturities for these instruments extend from mid‑2020s dates into the late 2030s, indicating a long-dated income-oriented investment profile.
Palmer Square Capital BDC Inc. completed a refinancing of a $300.00 million term debt securitization through a CLO reset for its wholly owned subsidiary Palmer Square BDC CLO 1, Ltd. The CLO provides long-term balance sheet financing for part of the investment portfolio, and the Notes are subject to the company’s regulatory asset coverage requirement.
As part of the reset, the Issuer issued $228.00 million AAA Class A-R Notes due 2039 at Term SOFR plus 1.28% and $72.00 million AA Class B-R Notes due 2039 at Term SOFR plus 1.75%. Palmer Square Capital BDC retains 100% of the subordinated notes, which receive residual cash flows from the loan portfolio, and has irrevocably waived all collateral management fees while it serves as collateral manager. The Notes are scheduled to mature on July 15, 2039 and may be redeemed on any business day after the refinancing date. They were issued in a private offering and are not registered under U.S. securities laws.
Palmer Square Capital BDC Inc. reported that management’s unaudited estimate of the net asset value per share of its common stock was $13.21 as of June 30, 2026.
This figure reflects management’s internal estimate and is described as unaudited, rather than a final audited value.