Palmer Square Capital BDC Inc 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 5, 2026, the registrant had 31,120,814 shares of common stock, $0.001 par value per share, outstanding. TABLE OF CONTENTS iPagePART IFINANCIAL INFORMATION1Item 1.Consolidated Financial Statements (Unaudited)1Consolidated Statements of Assets and Liabilities as of March 31, 2026 (Unaudited) and December 31, 20251Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and March 31, 2025 (Unaudited)2Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2026 and March 31, 2025 (Unaudited)3Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and March 31, 2025 (Unaudited)4Consolidated Schedules of Investments as of March 31, 2026 (Unaudited) and December 31, 20255Notes to Consolidated Financial Statements (Unaudited)31Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations48Item 3.Quantitative and Qualitative Disclosures About Market Risk58Item 4.Controls and Procedures59PART IIOTHER INFORMATION60Item 1.Legal Proceedings60Item 1A.Risk Factors60Item 2.Unregistered Sales of Equity Securities and Use of Proceeds60Item 3.Defaults Upon Senior Securities61Item 4.Mine Safety Disclosures61Item 5.Other Information61Item 6.Exhibits62SIGNATURES63 PART I—FINANCIAL INFORMATION Palmer Square Capital BDC Inc.Consolidated Statements of Assets and Liabilities Palmer Square Capital BDC Inc.Consolidated Statements of Operations(Unaudited) Palmer Square Capital BDC Inc.Consolidated Statements of Changes in Net Assets(Unaudited) Palmer Square Capital BDC Inc.Consolidated Statements of Cash Flows(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Palmer Square Capital BDC Inc.Consolidated Schedules of InvestmentsAs of March 31, 2026(Unaudited) Rate (“Euribor” or “E”), the U.S. Prime Rate (“P”), or an alternate base rate (which can include the Federal Funds Effective Rate), at the borrower’soption, and which reset periodically based on the terms of the loan agreement. For the holdings as of March 31, 2026 that have S+CSA as the baserate, the credit spread adjustment ranges from 0.1 bps to 0.52 bps. 16(3)As of March 31, 2026, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined asinvestments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power toexercise control over the management or policies of such portfolio company.(4)Non-qualifying investment as defined by Section 55(a) of the Investment Company Act of 1940. The Company may not acquire any non-qualifyingass