Palmer Square Capital BDC Inc. announced its financial results for the third quarter ended September 30, 2024. The company reported Net Investment Income per share of $0.48, a decrease from $0.57 in the prior year period. Total Net Investment Income for the quarter was $15.729 million, an increase from $14.804 million in Q3 2023.
The Net Asset Value (NAV) per share was $16.61 as of September 30, 2024, a decrease from $16.76 in the prior year. The total fair value of investments increased to $1.390 billion from $1.105 billion in Q3 2023, while investments on non-accrual status increased to 0.26% from 0.00% in Q3 2023.
Total investment income reached $37.31 million, up from $28.77 million in Q3 2023. However, the company experienced net realized losses of $7.12 million and a net change in unrealized losses of $1.05 million, a significant shift from $21.15 million in unrealized gains in Q3 2023. The Board of Directors also declared a fourth quarter regular base dividend of $0.42 per share, payable on January 13, 2025.
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