8-K
Palmer Square Capital BDC Inc. (PSBD)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):June 20, 2024
PALMER SQUARE CAPITAL BDC INC.
(Exact name of Registrant as Specified in ItsCharter)
| maryland | 814-01334 | 84-3665200 |
|---|---|---|
| (State or Other Jurisdiction<br><br> <br>of Incorporation) | (Commission File Number) | (IRS EmployerIdentification No.) |
| 1900 Shawnee Mission Parkway, Suite 315,<br><br> <br>Mission Woods, KS | 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 SinceLast 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 (see General Instruction A.2. below):
| ☐ | 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 | 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 or Rule 12b- 2 of the Securities Exchange Act of 1934.
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. ☐
Item8.01. Other Events.
On June 20, 2024, Palmer Square Capital BDC Inc. (the “Company”) issued a press release announcing the declaration of a second quarter 2024 supplemental dividend of $0.05 per share. The second quarter 2024 supplemental dividend is payable on July 16, 2024 to stockholders of record as of June 28, 2024. The supplemental dividend will be paid out of the excess of the Company’s quarterly undistributed net investment income, above the previously declared second quarter 2024 base dividend of $0.42 per share, which is payable on July 16, 2024 to shareholders of record as of June 28, 2024.
Item9.01. Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Press release dated June 20, 2024 |
|---|---|
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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: June 20, 2024 | By: | /s/ Jeffrey D. Fox |
| Name: | Jeffrey D. Fox | |
| Title: | Chief Financial Officer |
2
Exhibit 99.1
PalmerSquare Capital BDC Announces Second Quarter 2024
SupplementalDividend of $0.05
MISSIONWOODS, Kansas, June 20, 2024 — 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.
AboutPalmer 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.
Contacts
InvestorsAndy Wedderburn-Maxwell
Palmer Square Capital BDC Inc.
+1 (913)-386-9006
Investors@palmersquarebdc.com
MediaJosh Clarkson
Prosek Partners
PSBD@prosek.com