Welcome to our dedicated page for Palmer Square Capital Bdc news (Ticker: PSBD), a resource for investors and traders seeking the latest updates and insights on Palmer Square Capital Bdc stock.
Palmer Square Capital BDC Inc (NYSE: PSBD) provides investors with centralized access to official corporate communications and market analysis. This resource aggregates all material developments for this leading business development company specializing in structured credit solutions.
Track quarterly earnings reports, portfolio performance updates, and strategic initiatives through verified press releases. Our curated collection includes debt financing announcements, credit facility expansions, and management commentary - essential information for assessing PSBD's position in alternative corporate lending markets.
Key updates cover dividend declarations, regulatory filings, and partnership developments within the company's core focus areas of middle-market lending and collateralized loan obligations. Bookmark this page for real-time access to PSBD's financial disclosures and third-party analysis of its credit investment strategies.
Palmer Square Capital BDC Inc. (NYSE: PSBD) announced its second quarter 2024 financial results, reporting a total investment income of $36.5M, up from $27.4M in the prior year period. Net investment income was $15.8M or $0.48 per share, compared to $14.2M or $0.56 per share last year. The company declared a third quarter base dividend of $0.42 per share payable on October 14, 2024. However, PSBD also reported total net realized and unrealized losses of $10.4M compared to gains of $9.7M in Q2 2023.
As of June 30, 2024, PSBD's total assets stood at $1.5B and total net assets at $549M, with a debt-to-equity ratio of 1.49x. Notably, all investments were income producing with no loans on non-accrual status. Additionally, a $400.5M CLO was closed in collaboration with Bank of America in May 2024. The company's NAV per share was $16.85, down from $17.16 in Q1 2024.
Palmer Square Capital BDC (NYSE: PSBD) has announced that it will release its second quarter 2024 financial results on August 8, 2024, before the market opens. Following the release, a conference call will be held at 1:00 pm ET to review the financial performance and conduct a Q&A session.
To participate in the call, registration is required on the Palmer Square Investor Relations website. The call can be accessed via US and international phone numbers, with an entry passcode of 1803382#. A replay of the webcast will be available shortly after the event.
Palmer Square Capital BDC (NYSE: PSBD) announced a second quarter 2024 supplemental dividend of $0.05 per share. Shareholders who are on record as of June 28, 2024, will receive the dividend on July 16, 2024. This supplemental dividend comes from the company's excess undistributed net investment income, which is over and above the base dividend of $0.42 per share also payable on July 16, 2024.
Palmer Square Capital Management announced over $1.8 billion in CLO issuances across three benchmark transactions in the past week. The firm priced a $1.0 billion static CLO, the largest BSL CLO deal of 2024, with the AAA tranche at 108 basis points. Additionally, a €416 million European CLO reinvestment transaction set a new benchmark for European AAA pricing. Palmer Square's publicly traded BDC, Palmer Square Capital BDC (NYSE: PSBD), also priced a $400.5 million debut CLO. Overall, Palmer Square has issued $4.2 billion in CLOs this year. CEO Christopher Long highlighted the firm's disciplined approach and industry-leading team.
Palmer Square Capital BDC Inc. (NYSE: PSBD) announced its financial results for Q1 2024, with total investment income of $34.8 million, net investment income of $16.3 million or $0.52 per share, and a net asset value of $17.16 per share. The company declared a second quarter base dividend distribution of $0.42 per share.
Palm Square Capital Management has priced its first CLO, Palmer Square BDC CLO 1, worth $400.5 million, which is secured by broadly syndicated loans. This marks the 71st CLO issuance for the platform, managed by Palmer Square Capital BDC Inc. The transaction is the first CLO from PSBD, trading on the NYSE, investing in syndicated loans. With 46 CLOs totaling over $20 billion in assets managed, Palmer Square has a 5-year reinvestment period and a final maturity date in 2037. The deal was arranged by Bank of America. Palmer Square has issued $3.2 billion in CLOs year-to-date, showcasing disciplined credit selection and active portfolio management.
