Strong Capital Deployment
During the fourth quarter, Palmer Square Capital BDC deployed $171.8 million of capital, contributing to a total net investment income of $14.8 million.
Successful IPO and Market Positioning
Palmer Square Capital BDC successfully launched its IPO in January 2024, becoming the only publicly-traded BDC with a portfolio spanning both broadly syndicated public debt and large private credit investments, offering enhanced transparency.
Attractive Dividend Yield
As of December 31, 2024, Palmer Square Capital BDC provided an annualized dividend yield of 11.6% on a portfolio focused on first lien, floating rate liquid loans.
Low Nonaccruals and PIK Income
The portfolio had only 0.08% of fair value in nonaccrual loans and approximately 1.96% of total investment income from PIK income, both well below industry averages.