PSBD

Palmer Square Capital BDC Inc. operates as a business development company that provides financing solutions to middle-market companies across the United States. Headquartered in Kansas City, Missouri, PSBD functions as a closed-end investment fund that primarily invests in senior secured debt, unitranche loans, and mezzanine debt of private U.S. companies. The company focuses on borrowers with EBITDA typically ranging from $10 million to $75 million, targeting industries including healthcare, business services, software, and manufacturing. As an externally managed BDC, Palmer Square Capital is managed by Palmer Square Capital Management LLC, leveraging the investment manager's expertise in credit analysis and middle-market lending. The firm generates revenue primarily through interest income on its debt investments and, to a lesser extent, through capital appreciation and dividend income from equity investments. PSBD operates under the Investment Company Act of 1940 and has elected to be treated as a regulated investment company for tax purposes, requiring it to distribute substantially all of its taxable income to shareholders as dividends. The company completed its initial public offering in 2021, establishing itself as a publicly traded vehicle for investors seeking exposure to middle-market credit with regular income distributions. Palmer Square Capital maintains a diversified portfolio across multiple sectors to manage risk while providing attractive risk-adjusted returns to its shareholders.