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. (PSBD) is a financial services company dedicated to lending to and investing in corporate debt securities of various private U.S. companies, ranging from small enterprises to large corporations. The company's core mission is to maximize total return through a strategic mix of current income and capital appreciation.
PSBD has a diversified investment approach that involves identifying and capitalizing on opportunities within the corporate debt market. By offering tailored financial solutions to businesses, Palmer Square Capital BDC Inc. not only provides critical funding but also contributes to the growth and stability of the U.S. economic landscape.
Recent achievements include successful partnerships and funding arrangements that have bolstered their portfolio and demonstrated their capability to navigate complex financial environments. Ongoing projects focus on expanding their reach and impact across different sectors, ensuring a robust flow of capital to deserving enterprises.
With a strong financial condition backed by prudent investment strategies and a keen eye for market trends, Palmer Square Capital BDC Inc. stands out as a reliable player in the financial services arena. Their continued commitment to identifying high-yield investment opportunities and managing risk effectively makes them a preferred choice for investors seeking substantial returns.
For the latest updates on Palmer Square Capital BDC Inc., including recent news and developments, please refer to the news section below:
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Source: Palmer Square Capital BDC Inc. - ---
Source: Palmer Square Capital Management
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.
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