AI Earnings Predictions for Palmer Square Capital BDC Inc. (PSBD)

EX-99.1

2 psbd-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Palmer Square Capital BDC Inc. Announces First Quarter 2026 Financial Results

Declares Second Quarter 2026 Base Dividend of $0.36 Per Share with Supplemental Dividend

Expected to be Announced in June

MISSION WOODS, Kansas, May 6, 2026 — 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, 2026.

Financial and Operating Highlights

• Total investment income of $26.2 million for the first quarter of 2026, compared to $31.2 million for the prior year period

• Net investment income of $11.0 million or $0.35 per share for the first quarter of 2026, compared to $12.9 million or $0.40 per share for the prior year period

• Net asset value of $13.30 per share as of March 31, 2026, compared to $14.85 per share as of December 31, 2025

• Total net realized and unrealized losses of $48.3 million for the first quarter of 2026, compared to losses of $21.3 million for the first quarter of 2025

• As of March 31, 2026, total assets were $1.2 billion and total net assets were $413.8 million

• Debt-to-equity as of March 31, 2026 was 1.70x, compared to 1.54x as of December 31, 2025

• Paid cash distributions to stockholders totaling $0.37 per share for the first quarter of 2026

• Declared a second quarter regular base dividend distribution of $0.36 per share, payable on July 13, 2026, to stockholders of record as of June 26, 2026. In accordance with our dividend policy, we expect to announce a supplemental dividend in June

• In the first quarter, we had only $431.0 thousand of recurring PIK interest income, or 1.64% of total investment income

“Palmer Square Capital BDC reported solid financial results for the first quarter of 2026, demonstrating resilience amid the volatile macroeconomic backdrop impacting the sector,” said Christopher D. Long, Chairman and Chief Executive Officer of PSBD. “We continue to observe stability across our underlying investments. As conditions are expected to continue to improve beyond April, we believe our portfolio is well positioned to deliver consistent performance while capitalizing on an increasingly attractive opportunity set and more favorable risk-adjusted spreads going forward.”

1

$ in thousands, except per share data

For the Quarter Ended

3/31/26

12/31/25

3/31/25

Financial Highlights

Net Investment Income Per Share1

$

0.35

$

0.41

$

0.40

Net Investment Income

$

11,037

$

13,068

$

12,913

NAV Per Share

$

13.30

$

14.85

$

15.85

Dividends Earned Per Share2

$

0.37

$

0.43

$

0.39

3/31/26

12/31/25

3/31/25

Portfolio Highlights

Total Fair Value of Investments

$

1,154,637

$

1,203,640

$

1,334,314

Number of Industries

44

42

39

Number of Portfolio Companies

214

205

209

Portfolio Yield3

11.73%

11.30%

10.37%

Senior Secured Loan4

96%

95%

96%

Investments on Non-Accrual5

0.00%

0.09%

0.24%

Total Return6

(7.22)%

(0.09)%

(1.05)%

Debt-to-Equity

1.70x

1.54x

1.50x

1. Net investment income for the period divided by the weighted average share count for the period.

2. Dividend amount reflects dividend earned in period.

3. Weighted average total yield of debt and income producing securities at fair value.

4. As a percentage of long-term investments, at fair value.

5. As a percentage of total investments, at fair value. As of March 31, 2026, there was one portfolio company on non-accrual status, which represented less than 0.01% of the total investments at fair value.

6. Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (if any), divided by the beginning NAV per share. Total return is not annualized. Assumes reinvestment of distributions.

Portfolio and Investment Activity

As of March 31, 2026, we had 283 investments in 214 portfolio companies with an aggregate fair value of approximately $1.2 billion. Based on a total fair value of $1.2 billion, including short term investments, the portfolio consisted of approximately 87.7% first lien senior secured debt investments, 4.5% second lien senior secured debt investments, 3.6% short-term investments, 2.8% collateralized loan obligation structured credit funds (“CLOs”) mezzanine and equity investments, 0.7% corporate bond investments, and 0.7% equity investments.

As of March 31, 2026, 98% of the long-term investments based on fair value in our portfolio were at floating rates. At the end of the first quarter, there was one portfolio company on non-accrual status. As of March 31, 2026, the weighted average total yield to maturity of debt and income producing securities at fair value was 11.73%, and weighted average total yield to maturity of debt and income producing securities at amortized cost was 8.26%. For the first quarter of 2026, the principal amount of new investments funded was $109.4 million which inc

8-K

false000179477600017947762026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2026

Palmer Square Capital BDC Inc. (Exact name of Registrant as Specified in Its Charter)

Maryland

814-01334

84-3665200

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1900 Shawnee Mission Parkway, Suite 315

Mission Woods, Kansas

66205

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 816 994-3200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

PSBD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 26, 2026, Palmer Square Capital BDC Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 2.02 of this Current Report on Form 8-K, and Exhibit 99.1 attached hereto, is being furnished by the Company in satisfaction of the public disclosure requirements of Item 2.02 of Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”). Item 7.01 Regulation FD Disclosure. Additionally, on February 26, 2026, the Company made available on its website, www.palmersquarebdc.com, a supplemental investor presentation with respect to the fourth quarter and year-end 2025 earnings release. The information furnished in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act or the Exchange Act Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

99.1

Press Release, dated February 26, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PALMER SQUARE CAPITAL BDC INC.

Date:

February 26, 2026

By:

/s/ Jeffrey D. Fox

Jeffrey D. Fox, Chief Financial Officer

8-K

0001794776false00017947762025-11-052025-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 05, 2025

Palmer Square Capital BDC Inc. (Exact name of Registrant as Specified in Its Charter)

Maryland

814-01334

84-3665200

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1900 Shawnee Mission Parkway, Suite 315

Mission Woods, Kansas

66205

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 816 994-3200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

PSBD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On November 05, 2025, Palmer Square Capital BDC Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 2.02 of this Current Report on Form 8-K, and Exhibit 99.1 attached hereto, is being furnished by the Company in satisfaction of the public disclosure requirements of Item 2.02 of Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information included in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended (the “Securities Act”). Item 7.01 Regulation FD Disclosure. Additionally, on November 05, 2025, the Company made available on its website, www.palmersquarebdc.com, a supplemental investor presentation with respect to the third quarter 2025 earnings release. The information furnished in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act or the Exchange Act Item 9.01 Financial Statements and Exhibits. (d) Exhibits.

99.1

Press Release, dated November 05, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Palmer Square Capital BDC Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PALMER SQUARE CAPITAL BDC INC.

Date:

November 05, 2025

By:

/s/ Jeffrey D. Fox

Jeffrey D. Fox, Chief Financial Officer