Palmer Square Capital BDC Announces Second Quarter 2024 Supplemental Dividend of $0.05

Rhea-AI Summary

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.

Positive

• Palmer Square Capital BDC declared a supplemental dividend of $0.05 per share for the second quarter of 2024.
• The supplemental dividend is in addition to a base dividend of $0.42 per share, demonstrating strong net investment income.

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• None.

MISSION WOODS, Kan.--(BUSINESS WIRE)-- Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a second quarter 2024 supplemental dividend of $0.05 per share. Shareholders of record as of June 28, 2024 will receive the supplemental dividend, payable on July 16, 2024.

The supplemental dividend will be paid out of the excess of the Company’s quarterly undistributed net investment income, above the second quarter 2024 base dividend of $0.42 per share, payable on July 16, 2024 to shareholders of record as of June 28, 2024.

About Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (NYSE: PSBD) is an externally managed, non-diversified closed-end management investment company that primarily lends to and invests in corporate debt loans, including, but not limited to, large private U.S. companies in the broadly syndicated loan market, as well as the direct large cap private credit market. PSBD has elected to be regulated as a business development company under the Investment Company Act of 1940. PSBD’s investment objective is to maximize total return, comprised of current income and capital appreciation. PSBD’s current investment focus is guided by two strategies that facilitate its investment opportunities and core competencies: (1) investing in corporate debt loans and, to a lesser extent, (2) investing in other debt securities, which may include collateralized loan obligation debt and equity. PSBD’s investment activities are managed by its investment adviser, Palmer Square BDC Advisor LLC, an affiliate of Palmer Square Capital Management LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240620465407/en/

Investors

Andy Wedderburn-Maxwell

Palmer Square Capital BDC Inc.

+1 (913)-386-9006

Investors@palmersquarebdc.com

Media

Josh Clarkson

Prosek Partners

PSBD@prosek.com

Source: Palmer Square Capital BDC Inc.

FAQ

What is the supplemental dividend announced by Palmer Square Capital BDC for the second quarter of 2024?

Palmer Square Capital BDC announced a second quarter 2024 supplemental dividend of $0.05 per share.

When is the record date for Palmer Square Capital BDC’s second quarter 2024 supplemental dividend?

The record date for the supplemental dividend is June 28, 2024.

When will Palmer Square Capital BDC pay the second quarter 2024 supplemental dividend?

The supplemental dividend will be paid on July 16, 2024.

How much is Palmer Square Capital BDC's base dividend for the second quarter of 2024?

The base dividend for the second quarter of 2024 is $0.42 per share.

What stock symbol is associated with Palmer Square Capital BDC?

The stock symbol for Palmer Square Capital BDC is PSBD.