SPMC

Sound Point Meridian Capital, Inc.
SPMC

19.05 USD

-0.01

0.05%

Updated Oct 22, 9:48 AM EDT

1 day

-0.05%

5 days

-2.81%

1 month

-4.70%

3 months

-3.10%

6 months

-4.75%

Year to date

-4.75%

1 year

-4.75%

5 years

-4.75%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30.17% more ownership

Funds ownership: 0% [Q1] → 30.17% (+30.17%) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$23

18%

upside

Avg. target

$23

18%

upside

High target

$23

18%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities

Matt Howlett

50% 1-year accuracy

6 / 12 met price target

18%upside

$23

Buy

Initiated

9 Oct 2024

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Financial journalist opinion

CEF Weekly Review: CEFs Rally Through First Fed Cut

We review the CEF market valuation and performance through the third week of September and highlight recent market action. Most CEF sectors rose, led by preferreds and convertibles. The DTF Tax-Free Income 2028 Term Fund Inc. offers a high pull-to-NAV yield and low-risk profile with no leverage.

CEF Weekly Review: CEFs Rally Through First Fed Cut

SPMC: The 13%-Yielding CLO CEF Makes Its Public Debut

SPMC, a new CLO Equity CEF, recently launched with a 13% yield. SPMC's unique use of a credit facility for leverage, unlike peers, could pose risks due to strict covenants but offers potential for higher returns. Currently undervalued, SPMC is expected to gain investor interest and higher valuation as its distribution grows, similar to CCIF's trajectory.

SPMC: The 13%-Yielding CLO CEF Makes Its Public Debut

Sound Point Meridian Capital, Inc Announces Fourth Fiscal Quarter 2024 Common Distributions and Fiscal Second Quarter 2024 Financial Results

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today is pleased to announce the declaration of distributions on shares of the Company's common stock, financial results for the period ended June 30, 2024 and certain additional activity through July 31, 2024. DISTRIBUTIONS The Company is declaring a monthly distribution of $0.22 per share on its common stock on each of October 31, November 29 and December 31. The distributions are payable based on the f.

Sound Point Meridian Capital, Inc Announces Fourth Fiscal Quarter 2024 Common Distributions and Fiscal Second Quarter 2024 Financial Results

Sound Point Meridian Capital, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced it plans to release its financial results for the second quarter ended June 30, 2024 prior to the opening of the stock market on Thursday, August 15, 2024, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties are w.

Sound Point Meridian Capital, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced that it has entered into a $100 million “net asset value” revolving credit facility with Canadian Imperial Bank of Commerce (“CIBC”), as a lender and administrative agent, which may be increased up to $125 million pursuant to the terms thereof (the.

Sound Point Meridian Announces $100 Million “Net Asset Value” Credit Facility

Four ONDA Family Lawyers Named to Lawdragon's 500 X – The Next Generation List

DALLAS--(BUSINESS WIRE)--Four Orsinger, Nelson, Downing & Anderson, LLP (ONDA) attorneys have earned placement on Lawdragon's 500 X – The Next Generation, a global legal guide that recognizes what the publication describes as the “future leaders of the law.” “It is a great honor to see these talented lawyers recognized in this way,” said managing partner Scott Downing. “Each of them deserves this, and we are very proud to have all four of them on our team.” Among the four is partner Jacob J.

Four ONDA Family Lawyers Named to Lawdragon's 500 X – The Next Generation List

Sound Point Meridian Capital, Inc. Announces Common Second Fiscal Quarter 2024 Distributions

NEW YORK--(BUSINESS WIRE)-- #CLOs--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company is declaring a distribution of $0.30 per share on its common stock in July, which covers the period beginning with the Company's commencement of operations on June 13, 2024, through the end of July. The Company is also declaring monthly distributions of $0.20 per share on its common stock in.

Sound Point Meridian Capital, Inc. Announces Common Second Fiscal Quarter 2024 Distributions

Sound Point Meridian Capital, Inc. Announces Closing of Initial Public Offering

NEW YORK--(BUSINESS WIRE)-- #Alternatives--Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the closing of its previously announced initial public offering of 4,000,000 shares of common stock at a public offering price of $20.00 per share, for net proceeds to the Company of approximately $79.7 million after payment of certain offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock to c.

Sound Point Meridian Capital, Inc. Announces Closing of Initial Public Offering

Sound Point Meridian Capital, Inc. Prices Initial Public Offering

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC) (the “Company”) today announced the pricing of its initial public offering of 4,000,000 shares of common stock at a public offering price of $20.00 per share, which will result in net proceeds to the Company of approximately $79.7 million after payment of certain offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock to cover.

Sound Point Meridian Capital, Inc. Prices Initial Public Offering

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