Palmer Square Capital BDC Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Dividend Reinvestment Plan
During the three months ended September 30, 2024, we issued 65,409 shares of common stock to stockholders in connection with the dividend reinvestment plan.
During the nine months ended September 30, 2024, we repurchased 30,664 shares of our common stock pursuant to the Company Rule 10b5-1 Repurchase Plan.
| Period · TotalNumberof SharesPurchased · AveragePricePaidPer Share · Total Numberof SharesPurchased asPart ofPubliclyAnnouncedPlans orPrograms (1) · Maximum (or Approximate Dollar Value) of Shares that may Yet Be Purchased Under the Plans or Programs (Dollars in Thousands) (1) | |||||
|---|---|---|---|---|---|
| April 1, 2024 through April 30, 2024 | 17,251 | $16.14 | 17,251 | $14,722 | |
| May 1, 2024 through May 31, 2024 | 600 | $16.28 | 17,851 | $14,712 | |
| June 1, 2024 through June 30, 2024 | 3,501 | $16.57 | 21,352 | $14,654 | |
| July 1, 2024 through July 31, 2024 | 8,835 | $16.17 | 30,187 | $14,511 | |
| August 1, 2024 through August 31, 2024 | - | $ | - | 30,187 | $14,511 |
| September 1, 2024 through September 30, 2024 | 477 | $16.06 | 30,664 | $14,503 | |
| Total | 30,664 | $16.24 | 30,664 | $14,503 | |
(1)
Concurrently with the closing of the IPO on January 22, 2024, the Board authorized the Company to enter into the Company Rule 10b5-1 Repurchase Plan to acquire up to $15 million in the aggregate of shares of our common stock, if the market price per share of our common stock is below the most recently reported NAV per share, subject to certain limitations. Under the Company Rule 10b5-1 Stock Repurchase Plan, the agent will increase the volume of purchases made as the price of our common stock declines, subject to volume restrictions. The Company Rule 10b5-1 Repurchase Plan commenced on March 23, 2024 and will terminate upon the earliest to occur of (i) 12 months from the date of the Company Rule 10b5-1 Stock Repurchase Plan, (ii) the end of the trading day on which the aggregate purchase price for all shares purchased under the Company Rule 10b5-1 Stock Repurchase Plan equals $15 million and (iii) the occurrence of certain other events described in the Company Rule 10b5-1 Stock Repurchase Plan.
Concurrently with the closing of the IPO, PSCM entered into the PSCM Rule 10b5-1 Stock Purchase Plan to permit the purchase of up to $2.5 million shares of our common stock, if the market price per share of our common stock is below the most recently reported NAV per share, subject to certain limitations. The PSCM Rule 10b5-1 Stock Purchase Plan commenced on March 23, 2024 and will terminate upon the earliest to occur of (i) 12 months from the date of the PSCM Rule 10b5-1 Stock Purchase Plan, (ii) the end of the trading day on which the aggregate purchase price for all shares purchased under the PSCM Rule 10b5-1 Stock Purchase Plan equals $2.5 million, and (iii) the occurrence of certain other events described in the PSCM Rule 10b5-1 Stock Purchase Plan.
During the quarter ended September 30, 2024, PSCM did not repurchase any shares of our common stock pursuant to the PSCM Rule 10b5-1 Stock Purchase Plan
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