Founded in 2019, Palmer Square Capital BDC Inc. is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. We are a financial services company that primarily lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. The Investment Team’s senior secured loan investment strategy has been consistent throughout multiple credit environments and is predicated on the view that a conservative approach to investing in senior secured loans is the optimal strategy over the course of a credit cycle.
Our investment objective is to maximize total return, comprised of current income and capital appreciation.
The net asset value per share may be obtained in our public filings (i.e. Forms 10-Q and 10-K) with the Securities and Exchange Commission via its website www.sec.gov or by visiting our SEC Filings page.
Yes. We intend to distribute quarterly dividends to shareholders of record.
Yes. Registered shareholders are automatically enrolled in the dividend reinvestment plan.
A registered stockholder may elect to receive an entire distribution in cash by notifying Equiniti (“EQ”) in writing so that such notice is received by the plan administrator no later than the record date for distributions to stockholders. The plan administrator will set up an account for shares acquired through the plan for each stockholder who has not elected to receive dividends or other distributions in cash and hold such shares in noncertificated form. Participants may terminate their accounts under the plan by notifying the plan administrator by submitting a letter of instruction terminating the participant’s account under the plan to Equiniti. The plan may be terminated by the Company upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any dividend by the Company. Stockholders can obtain additional information about the dividend reinvestment plan by contacting Equiniti Shareholder Services via telephone at 888-921-8140 or by mailing a request to Equiniti Trust Company, LLC, PO Box 10027, Newark, NJ 07101.
A registered stockholder is a shareholder that is shown on the records of the Company. If you purchased shares through a broker, bank, or other intermediary, the shares might not be registered in your name but instead may be registered in the name of the broker, bank, or other intermediary (held in “street name”). Individual stockholders whose shares are held in street name should contact their broker, bank, or other intermediary for more information on any dividend reinvestment plan changes.
Dividends are generally taxable to U.S. stockholders as ordinary income or capital gains. After the end of the year, we will send to each of our U.S. registered stockholders a Form 1099-DIV, which details the taxability of the dividends paid in the preceding year, including a breakdown between ordinary income and capital gains. Participants in the DRIP are taxed on the dividends as if they were received in cash. For information about taxes in respect of dividends received by you, you should consult your own tax advisor.
Additional information can be requested by visiting the Contact Us page on our website.
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