Palmer Square Capital: High-Yield Opportunity With A Discount To NAV

Impact · against what's priced in

PSB offers a high-yield opportunity, but the positive catalysts are largely offset by recognized headwinds. The 27% discount to NAV already reflects the market's skepticism regarding software loan valuations amid AI disruption.

PSB+0.40

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In context

The combination of a 16.4% forward yield and extremely low nonaccruals (0.29%) suggests strong immediate dividend stability, though AI-driven software devaluation remains a drag on NAV.

Read from the article alone

• bdc▲150%
• ai
• software
• dividends
• PSB
• asset management
• nav
• yield

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