Mariner, LLC and Mariner Wealth Advisors, LLC filed an amended Schedule 13G on November 10, 2026, disclosing a combined beneficial ownership position in Palmer Square Capital BDC Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Both reporting persons each disclosed 3,198,268 shares of Palmer Square Capital BDC Inc. common stock beneficially owned.
  • Percent of class: The 3,198,268 shares represent 10.6% of Palmer Square Capital BDC Inc.'s outstanding common stock.
  • Shares outstanding basis: The percentage is based on 30,138,536 shares outstanding as of November 3, 2026, as reported by the issuer.
  • Voting and dispositive power: Both reporting persons report zero sole voting or dispositive power, with all 3,198,268 shares held under shared voting and shared dispositive power.
  • Ownership history: According to the filing, since December 31, 2024, the reporting persons' beneficial ownership percentage at each quarter-end has ranged between 6.9% and 11.3%.
  • Client interest: The filing states that clients of Mariner, LLC may have the right to receive or direct dividends or sale proceeds from the reported securities.

Mariner Entities Report 10.6% Stake in Palmer Square Capital BDC

Palmer Square Capital BDC Inc. is a business development company whose common stock carries a par value of $0.001 per share and trades under CUSIP 69702V107. The issuer's principal offices are located at 1900 Shawnee Mission Parkway, Suite 315, Mission Woods, Kansas 66205. The amended Schedule 13G was filed jointly by Mariner, LLC, a registered investment adviser organized under the laws of Kansas, and its parent holding company, Mariner Wealth Advisors, LLC, also organized under Kansas law. Both entities share an address at 5700 W. 112th Street, Suite 500, Overland Park, Kansas 66211.

According to the filing, Mariner, LLC is classified as an investment adviser (type "IA") and is a wholly owned subsidiary of Mariner Wealth Advisors, LLC, which is classified as a holding company (type "HC"). The filing covers a triggering event dated September 30, 2026, and was signed by Anne Dorian, Chief Risk Officer and Chief Compliance Officer for both entities, on November 10, 2026. The filing certifies that the securities were acquired and are held in the ordinary course of business and were not acquired for the purpose of changing or influencing control of the issuer.

The percent-of-class figure of 10.6% is derived from shares outstanding as of November 3, 2026, as the issuer reported in its Form 10-Q filed with the SEC on November 4, 2026. The filing further discloses that since the reporting persons first beneficially held 5% or more of the common shares at the December 31, 2024 quarter-end, their ownership percentage at each subsequent quarter-end through September 30, 2026 has been in a range between 6.9% and 11.3%.

What Was Disclosed

Mariner, LLC and Mariner Wealth Advisors, LLC jointly filed an amended Schedule 13G disclosing combined beneficial ownership of 3,198,268 shares, or 10.6%, of Palmer Square Capital BDC Inc. common stock as of September 30, 2026, with all voting and dispositive power held on a shared basis.