SCHEDULE 13G/A: First Trust Entities Disclose 5.18% Stake in Palmer Square Capital BDC Inc.

First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC have jointly filed an amendment to disclose their collective beneficial ownership of 5.18% of Palmer Square Capital BDC Inc.'s Class A Common Stock.

Summary

• First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP) have jointly filed an Amendment No. 1 to Schedule 13G.
• The filing reports their beneficial ownership in Palmer Square Capital BDC Inc.'s Class A Common Stock, par value $0.0001 per share.
• As of March 31, 2025, the Reporting Persons collectively beneficially owned 1,684,988 shares of the Issuer's outstanding Common Shares.
• This aggregate amount represents 5.18% of the Class A Common Stock.
• FTCM, an SEC-registered investment adviser, holds sole voting and dispositive power over these shares, acting on behalf of various client accounts including First Trust Alternative Opportunities Fund, First Trust Private Credit Fund, and FT Private Investment Platform I LLC.
• FTCS and Sub GP are identified as control persons of FTCM and are thus deemed beneficial owners, though they do not hold shares for their own accounts.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant ownership by institutional investors in a publicly traded company, common within the financial services and investment management industry. It reflects an investment adviser's holdings on behalf of its client accounts in a Business Development Company (BDC).

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

Palmer Square Capital BDC Inc., First Trust Capital Management L.P., First Trust Capital Solutions L.P., FTCS Sub GP LLC, Schedule 13G/A, Beneficial Ownership, Class A Common Stock, Investment Adviser, SEC Filing, Ownership Disclosure