First Trust Capital Management Takes 10.1% Stake in Palmer Square Capital BDC

TL;DR

**First Trust Capital Management just bought 10.1% of Palmer Square Capital BDC, signaling big institutional confidence.**

AI Summary

First Trust Capital Management L.P. has reported a significant stake in Palmer Square Capital BDC Inc., acquiring sole voting and dispositive power over 2,122,165 shares of common stock as of January 18, 2024. This represents a substantial 10.1% ownership of the company, making First Trust a major shareholder. This matters to investors because a large institutional investment like this can signal confidence in Palmer Square Capital BDC's future prospects and potentially influence its stock price positively.

Why It Matters

A major institutional investor like First Trust Capital Management L.P. taking a 10.1% stake can be seen as a vote of confidence, potentially attracting other investors and influencing the stock's valuation.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by signaling confidence and stability.

Analyst Insight

A smart investor would view this significant institutional investment as a positive signal, potentially indicating a deeper dive into Palmer Square Capital BDC Inc.'s fundamentals and considering it for a long-term position.

Key Numbers

• 2,122,165 — Shares Beneficially Owned (Represents the total number of shares of Palmer Square Capital BDC Inc. common stock held by First Trust Capital Management L.P.)
• 10.1% — Percentage of Class Owned (Indicates the significant ownership stake First Trust Capital Management L.P. has in Palmer Square Capital BDC Inc.)
• January 18, 2024 — Date of Event (The specific date when First Trust Capital Management L.P. acquired the ownership stake requiring this filing.)

Key Players & Entities

• First Trust Capital Management L.P. (company) — reporting person and beneficial owner
• Palmer Square Capital BDC Inc. (company) — issuer of the securities
• 2,122,165 (dollar_amount) — number of shares beneficially owned
• 10.1% (dollar_amount) — percentage of class beneficially owned
• January 18, 2024 (person) — date of event requiring filing
• Delaware (company) — place of organization for First Trust Capital Management L.P.

Forward-Looking Statements

• Palmer Square Capital BDC Inc. stock price will see increased stability due to institutional backing. (Palmer Square Capital BDC Inc.) — medium confidence, target: Q2 2024
• Other institutional investors may follow First Trust Capital Management L.P.'s lead and initiate positions in Palmer Square Capital BDC Inc. (Palmer Square Capital BDC Inc.) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• schedule13gpsbd01292024.htm (SC 13G) — 62KB
• 0001604488-24-000018.txt ( ) — 63KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: As investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Common Stock of the Issuer) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Common Stock held in the Client Accounts. As of January 18, 2024, FTCM, FTCS and Sub GP collectively owned 2,122,165 shares of the outstanding Common Stock of the Issuer. FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Common Stock reported in this Schedule 13G. No one individual controls FTCS or Sub GP. FTCS and Sub GP do not own any Common Stock of the Issuer for their own accounts. (b) Percent of Class: FTCM, FTCS and Sub GP: 6.52% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: FTCM, FTCS and Sub GP: 2,122,165 (ii) Shared power to vote or to direct the vote: FTCM, FTCS and Sub GP: 0 (iii) Sole power to dispose or to direct the disposition of: FTCM, FTCS and Sub GP: 2,122,165 (iv) Shared power to dispose or to direct the disposition of: FTCM, FTCS and Sub GP: 0

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. See Item 4.

Identification and classification of the subsidiary which acquired the security being reported on by

Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. See Item 2.

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 25, 2024 First Trust Capital Management L.P. By: /s/ Chad Eisenberg Chad Eisenberg, Chief Operating Officer First Trust Capital Solutions L.P. By: /s/ Chad Eisenberg Chad Eisenberg, Chief Operating Officer FTCS Sub GP LLC By: /s/ Chad Eisenberg Chad Eisenberg, Chief Operating Officer The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Exhibit I JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the unde

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View this SC 13G filing on SEC EDGAR