Palmer Square Capital BDC (PSBD) Q3 2025 TL;DR
PSBD reported significant financial deterioration for the nine months ended September 30, 2025, primarily driven by the falling interest rate environment impacting its floating-rate portfolio, coupled with substantial unrealized losses.
Financial Performance & Valuation Decline: Net Asset Value (NAV) per share fell to \(15.39 (from \)16.50 at year-end 2024). Total Net Assets decreased to \(490.4M (from \)541.9M). Net Investment Income (NII) for the nine months dropped to \(40.4M (\)1.25/share) from \(47.8M (\)1.48/share) in the prior year. The N
...