Palmer Square Capital BDC increases share repurchase authorization by $30M

Palmer Square Capital BDC Inc. announced an increase and extension of its stock repurchase program, authorizing an additional $30 million in repurchases through June 2027, including a new $10 million Rule 10b5-1 plan. The company, trading at a discount to book value, views the expanded buyback as a demonstration of shareholder alignment and conviction in current valuation levels.