Palmer Square Capital BDC Inc. (NYSE:PSBD) Q1 2024 Earnings Conference Call May 7, 2024 12:00 PM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Melissa Wedel - JPMorgan Kenneth Lee - Capital Markets Vilas Abraham - UBS Operator Welcome to Palmer Square Capital BDC’s First Quarter 2024 Earnings ...

Palmer Square Capital BDC Inc. Announces First Quarter 2024 Financial Results and Declares Second Quarter 2024 Base Dividend Distribution of $0.42 Per Share MISSION WOODS, Kansas, May 7, 2024 — Palmer Square Capital BDC Inc. (NYSE: PSBD) ("PSBD" or the "Company"), an externally managed business development company, today announced its financial results for the first quarter ended March 31, 2024. Financial and Operating Highlights Exhibit 99.1 "Palmer Square Capital BDC generated strong first quarter results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-56126 Securities registered pursuant to Section 12(b) of the Act: | | | Name of each exchange on which | | --- | --- | --- | | Title of each class | Trading Symbol(s) | regist ...

Palmer Square Capital BDC Inc. (NYSE:PSBD) Q4 2023 Earnings Conference Call February 28, 2024 11:00 AM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Chris Long - Chairman & Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer & Director Conference Call Participants Kenneth Lee - RBC Capital Markets Melissa Wedel - JPMorgan Operator Welcome to the Palmer Square Capital BDC's Fourth Quarter and Year-End 2023 Earni ...

UARE | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------------------------------|-------|--------------------------------|-------|-------|-------|---------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Palmer Square Capital BDC Inc. | | | | | | | | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-56126 Palmer Square Capital BDC Inc. (Exact name of registrant as specified in its charter) | Maryland | 84-3665200 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Em ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-56126 Palmer Square Capital BDC Inc. (Exact name of registrant as specified in its charter) | Maryland | 84-3665200 | | --- | --- | | (State or other jurisdiction of | (I. ...

For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-56126 Palmer Square Capital BDC Inc. (Exact name of registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (816) 994-3200 (Registrant's telephone number, including area code) Securities regis ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-56126 Palmer Square Capital BDC Inc. (Exact name of registrant as specified in its charter) | Maryland | 84-3665200 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 1900 Shawnee Mission Parkway, Suite 315, | | | Mission Woods, KS | 66205 | ...

Investment Portfolio - As of December 31, 2022, the company had 204 debt and equity investments in 176 portfolio companies with an aggregate fair value of approximately $966.9 million[328]. - As of December 31, 2022, total investments amounted to $1.12 billion at amortized cost, with a fair value of $1.02 billion[334]. - The investment portfolio at fair value decreased from $1.1 billion as of December 31, 2021, to $966.9 million as of December 31, 2022, a decline of 11.9%[340]. - The net change in unrealized losses on investments for 2022 was $(107.4) million, compared to $(8.5) million in 2021, indicating a significant deterioration in portfolio value[346]. - The company expects to value many of its portfolio investments at fair value, which may differ significantly from values that would have been used if readily available market quotations existed[378]. - The company engages independent valuation providers to review the valuation of each portfolio investment that constitutes a material portion of its portfolio at least once annually[377]. Investment Performance - Total investment income for the year ended December 31, 2022, was $74.5 million, a significant increase from $39.7 million in 2021, representing an 87.7% growth[337]. - Net investment income for 2022 was $41.1 million, compared to $22.8 million in 2021, reflecting an increase of 80.0%[337]. - The weighted average total yield to maturity of debt and income-producing securities at fair value was 11.47% as of December 31, 2022, compared to 5.77% as of December 31, 2021[327][328]. - The weighted average total yield of debt and income-producing securities rose to 11.47% in 2022 from 5.77% in 2021[336]. Investment Strategy - The company aims to maximize total return through current income and capital appreciation, focusing on corporate debt securities and CLO structured credit[324]. - The company expects to continue evaluating other investment strategies without a specific allocation to any single strategy[324]. Debt and Financing - The principal amount of first-lien senior secured debt investments funded in 2022 was $247.23 million, down from $829.59 million in 2021[332]. - Average debt outstanding increased from $477.0 million in 2021 to $667.5 million in 2022, an increase of 40.0%[342]. - As of December 31, 2022, the principal outstanding under the Bank of America Credit Facility was approximately $514.5 million, with $210.5 million of available commitments[358]. - Under the Wells Fargo Credit Facility, as of December 31, 2022, approximately $126.8 million was outstanding, with $23.2 million of available commitments[363]. - The Bank of America Credit Facility's commitment amount increased from $200 million to $725 million over various dates, with the ability to draw scheduled to terminate on February 11, 2025[355]. - The Wells Fargo Credit Facility has a facility amount of $150 million, with the ability to draw scheduled to terminate on December 18, 2023[360]. - The interest rates for loans under the Bank of America Credit Facility are base rate plus 1.30% or LIBOR plus 1.30%[356]. - The interest rates for loans under the Wells Fargo Credit Facility are LIBOR or base rate plus 1.85% for Broadly Syndicated Loans and plus 2.35% for Middle Market Loans[361]. Expenses and Obligations - Net expenses for 2022 were $33.4 million, up from $16.9 million in 2021, marking a 97.5% increase[341]. - The company has significant contractual obligations totaling $641,309,417, with $513,726,164 due in the 1-3 year period and $127,583,253 in the 3-5 year period[383]. - As of December 31, 2022, the company had two unfunded commitments totaling $2.6 million, compared to nine unfunded commitments totaling $11.3 million as of December 31, 2021[384]. Dividends and Shareholder Returns - The company intends to distribute quarterly dividends to stockholders, with a goal to distribute at least 90% of net ordinary income and net short-term capital gains to maintain RIC tax treatment[365]. - The company has adopted a dividend reinvestment plan, allowing stockholders to reinvest dividends in additional shares unless they opt for cash[369]. Management and Governance - The company is externally managed by an Investment Advisor, which is a majority-owned subsidiary of Palmer Square, specializing in global alternative investments[323]. - The Board has designated the Investment Advisor to serve as the valuation designee for determining fair value of portfolio investments effective August 11, 2022[376]. - The company has a registered investment adviser that is majority-owned by Palmer Square, with related party transactions involving board members[381]. Risk Management - Interest rate sensitivity indicates that a 100 basis point increase in interest rates could result in an increase of $10,526,946 in net investment income[388]. - The company anticipates that changes in interest rates could have a material adverse effect on net investment income due to its reliance on borrowings[386]. - The company may hedge against interest rate and currency exchange rate fluctuations using standard hedging instruments[390]. - The company has entered into an Advisory Agreement with an annual base management fee of 2.0% of the average value of total net assets[382].