Palmer Square Capital BDC(PSBD) - 2024 Q2 - Quarterly Results

Investment Income - Total investment income for Q2 2024 was $36.5 million, up from $27.4 million in Q2 2023, representing a 33.3% increase[2] - Investment income from non-controlled, non-affiliated investments for Q2 2024 was $36,549,496, a 33% increase compared to $27,441,864 in Q2 2023[20] - Net investment income for Q2 2024 was $15.8 million or $0.48 per share, compared to $14.2 million or $0.56 per share in the same period last year, reflecting a decrease of 2.8% in per share income[2] - Net investment income for Q2 2024 was $15,757,851, compared to $14,200,119 in Q2 2023, reflecting an increase of approximately 11%[20] Portfolio and Investments - The portfolio consisted of 256 investments in 209 companies with a total fair value of approximately $1.4 billion, with 85.7% in first lien senior secured debt[4] - New investments totaled $189,301,404 in Q2 2024, significantly higher than $46,672,859 in Q2 2023, marking an increase of over 304%[23] - The number of new investment commitments increased to 24 in 2024 from 13 in 2023, indicating a growth in investment activity[24] - The company had $30.0 million in unfunded commitments to provide debt financing to portfolio companies as of June 30, 2024, up from $20.1 million at December 31, 2023[18] - The weighted average interest rate of new investment commitments was 9.96% in Q2 2024, slightly down from 10.15% in Q2 2023[24] Financial Position - As of June 30, 2024, total assets were $1.5 billion, with total net assets of $549 million[2] - Total assets increased to $1,458,741,190 as of June 30, 2024, up from $1,121,814,718 at December 31, 2023, representing a growth of approximately 30%[16] - The debt-to-equity ratio increased to 1.49x as of June 30, 2024, compared to 1.42x as of March 31, 2024[2] - The company had $14.8 million in cash and cash equivalents and approximately $820.4 million in total debt outstanding as of June 30, 2024[6] - Total liabilities rose to $909,950,959 from $659,859,325, indicating an increase of about 38%[17] Dividends and Expenses - The company declared a third quarter regular base dividend of $0.42 per share, payable on October 14, 2024[9] - Total expenses for Q2 2024 were $20,791,645, compared to $13,497,497 in Q2 2023, representing an increase of approximately 54%[20]