Mariner, LLC and Mariner Wealth Advisors, LLC filed a Schedule 13G with the SEC on November 10, 2026, disclosing beneficial ownership of 2,275,470 shares of common stock in Palmer Square Capital BDC Inc. as of December 31, 2024.

Key Highlights

  • Reporting persons: Mariner, LLC (registered investment adviser, type IA) and Mariner Wealth Advisors, LLC (holding company, type HC), both organized under the laws of Kansas.
  • Beneficial ownership: Each reporting person beneficially owns 2,275,470 shares of Palmer Square Capital BDC Inc. common stock, par value $0.001 per share.
  • Percentage of class: The 2,275,470 shares represent 6.9% of the class, based on 32,600,193 shares outstanding as of December 31, 2024.
  • Voting and dispositive power: Both reporting persons report zero sole voting or dispositive power; all 2,275,470 shares are held with shared voting and shared dispositive power.
  • Subsidiary relationship: According to the filing, Mariner, LLC is a wholly owned subsidiary of Mariner Wealth Advisors, LLC.
  • Client accounts: The filing states that clients of Mariner, LLC may have the right to receive dividends from, or the proceeds from the sale of, the securities reported.

Mariner Entities Disclose Combined 6.9% Position in Palmer Square Capital BDC

According to the Schedule 13G filed November 10, 2026, Mariner, LLC and its parent, Mariner Wealth Advisors, LLC, each report beneficial ownership of 2,275,470 shares of common stock in Palmer Square Capital BDC Inc. (NYSE:PSBD), a business development company incorporated under the laws of Kansas. The issuer's principal executive offices are listed at 1900 Shawnee Mission Parkway, Suite 315, Mission Woods, Kansas 66205. The filing addresses holdings as of the December 31, 2024 event date, with the ownership percentage calculated against 32,600,193 shares outstanding, a figure the filing attributes to the issuer's Form 10-K filed with the SEC on February 27, 2025.

The filing identifies Mariner, LLC as a registered investment adviser and a wholly owned subsidiary of Mariner Wealth Advisors, LLC, which files in the capacity of a parent holding company. Neither entity holds any sole voting or sole dispositive power over the reported shares; instead, all 2,275,470 shares carry shared voting power and shared dispositive power for both reporting persons. The filing further notes that clients of Mariner, LLC may hold rights to receive dividends from or proceeds from the sale of the reported securities. Both reporting persons certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Anne Dorian, serving as Chief Risk Officer and Chief Compliance Officer of Mariner, LLC, and as Chief Risk Officer of Mariner Wealth Advisors, LLC, signed the filing on behalf of both entities. The filing also includes a Joint Filer Agreement confirming that the Schedule 13G is filed on behalf of each reporting person, with any future amendments to be filed jointly as well.

What Was Disclosed

Mariner, LLC and Mariner Wealth Advisors, LLC disclosed a combined beneficial ownership of 2,275,470 shares, equal to 6.9% of Palmer Square Capital BDC Inc. common stock outstanding as of December 31, 2024, with all voting and dispositive power held on a shared basis.