PSBD net income rises 17.9% to $8.5M, but NAV falls 15.7% on unrealized losses

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Net investment income fell to $12.0M for the quarter (from $13.8M) and $23.1M for the six months (from $26.8M), reflecting a smaller portfolio and lower rates.

  MD&A: NII verify on EDGAR →
• high

  Non-accrual loans rose to 0.29% of fair value (1.49% of amortized cost) from 0.19% (0.27%), signaling credit deterioration.

  MD&A: Non-accruals verify on EDGAR →
• medium

  Board authorized an additional $35M in buybacks and extended the program to June 2027; program repurchases totaled $5.7M year-to-date.

  MD&A: Buyback verify on EDGAR →