Palmer Square Capital BDC Inc. reported total investment income of $31.7 million for the third quarter of 2025, down from $37.3 million in the same period last year. Net investment income was $13.6 million, or $0.43 per share, compared to $15.7 million, or $0.48 per share, in the prior year period. Net asset value per share was $15.39 as of September 30, 2025, compared to $15.68 as of June 30, 2025. The company had $4.2 million in cash and cash equivalents and $752.4 million in total aggregate principal amount of debt outstanding as of the end of the quarter, with available liquidity of approximately $252.8 million. New investments funded during the quarter totaled $138.7 million across 28 investments, while sales and repayments totaled $156.0 million. The board declared a fourth quarter regular base dividend of $0.36 per share, payable on January 14, 2026, and expects to announce a supplemental dividend in December.