SPMC

Sound Point Meridian Capital, Inc.

SPMC

17.87 USD

+0.05

0.28%

At close Updated Aug 29, 4:00 PM EDT

1 day

0.28%

5 days

1.07%

1 month

-1.43%

3 months

-1.81%

6 months

-13.25%

Year to date

-13.46%

1 year

-10.96%

5 years

-10.65%

10 years

-10.65%

Financials Asset Management

0

Funds holding %

of 7,446 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

599% more capital invested

Capital invested by funds: $31.2M [Q1] → $218M (+$187M) [Q2]

52.32% more ownership

Funds ownership: 7.7% [Q1] → 60.02% (+52.32%) [Q2]

13% less funds holding

Funds holding: 16 [Q1] → 14 (-2) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 6

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

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Research analyst outlook

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

Low target

$20

12% upside

Avg. target

$20

12% upside

High target

$20

12% upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Alliance Global Partners

Gaurav Mehta

11% upside

$20

Buy

Initiated

18 Jul 2025

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Financial journalist opinion

Based on 3 articles about SPMC published over the past 30 days

Sound Point Meridian Capital Term Preferred Stock

Sound Point Meridian Capital Inc., a closed-end fund (CEF) focused on high current income through investments in CLO equity and mezzanine tranches of below-investment-grade U.S. senior secured loans. SPMA offers an 8% annual dividend ($2.00), callable on Nov. 30, 2026, maturing Nov. 30, 2029, with a YTC of 7.89% and YTM of 8.16%, protected by the 1940 Act. Fund Metrics: Trades at a 1.4% discount to NAV ($18.53), tighter than peers like OXLC and ECC; GAAP NII of $0.47 vs. $0.75 dividend raises sustainability concerns.

Sound Point Meridian Capital Term Preferred Stock

Sound Point Meridian Capital, Inc. Announces Results for the First Fiscal Quarter Ended June 30, 2025

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), 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 results for the first fiscal quarter ended June 30, 2025. FIRST FISCAL QUARTER ENDED JUNE 30, 2025 RESULTS Net asset value per share of common stock was $18.50 as of June 30, 2025. Net investment income (“NII”) was $10.8 million, or $0.5.

Sound Point Meridian Capital, Inc. Announces Results for the First Fiscal Quarter Ended June 30, 2025

Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2026 Common and Preferred Distributions

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the third fiscal quarter 2026. (fourth calendar quarter of 2025). The Company is declaring a monthly distribution of $0.25 per share.

Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2026 Common and Preferred Distributions

Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2025 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 its first fiscal quarter ended June 30, 2025 prior to the opening of the stock market on Tuesday, August 12, 2025, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties.

Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2025 Earnings Release and Conference Call

Preferreds Weekly Review: Bonds Vs. Preferreds

We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. Preferreds outperformed broader markets last week; sector credit spreads have tightened, making valuations expensive and yields less attractive. Bonds offer more protection than preferreds, but preferreds provide higher yields; choice depends on issuer quality, tax treatment, and investor objectives.

Preferreds Weekly Review: Bonds Vs. Preferreds

SPME: An 7.875% Term Preferred IPO From Sound Point Meridian Capital

SPME offers a 7.875% nominal yield, is well-covered by assets, and is priced near par, making it attractive for income-focused portfolios. Sound Point Meridian Capital's asset coverage ratio is 380%, nearly double the legal requirement, providing strong safety for preferred shareholders. SPME's risk premium and credit quality are in line with sector peers, with no deterioration since the company's last issue, and the company outperforms in total return its direct peers.

SPME: An 7.875% Term Preferred IPO From Sound Point Meridian Capital

Sound Point Meridian Capital Prices Offering of Preferred Shares

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today announced that it has priced an underwritten public offering of 2,000,000 shares of its 7.875% Series B Preferred Shares due 2030 (the “Preferred Shares”) at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $48.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Prefer.

Sound Point Meridian Capital Prices Offering of Preferred Shares

Sound Point Meridian Capital Announces Offering of Series B Preferred Shares

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC), an externally managed closed-end fund focused on primarily investing in equity and junior debt tranches of collateralized loan obligations, has commenced an underwritten public offering of its Series B Preferred Shares. Certain financial and other terms of the Series B Preferred Shares are to be determined by negotiations between the Company and the underwriters. The Series B Preferred Shares are rated ‘.

Sound Point Meridian Capital Announces Offering of Series B Preferred Shares

Sound Point Meridian Capital Inc (SPMC) Q4 2025 Earnings Call Transcript

Sound Point Meridian Capital Inc (NYSE:SPMC ) Q4 2025 Earnings Conference Call May 29, 2025 11:00 AM ET Company Participants Julie Smith - IR Ujjaval Desai - CEO Kevin Gerlitz - CFO Conference Call Participants Erik Zwick - Lucid Capital Markets Tim D'Agostino - B. Riley Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital Inc Fourth Fiscal Quarter Ended March 31, 2025 Earnings Conference Call.

Sound Point Meridian Capital Inc (SPMC) Q4 2025 Earnings Call Transcript

Sound Point Meridian Capital, Inc. Announces Second Fiscal Quarter 2026 Common Distributions and Preferred Distributions and Results for the Fourth Fiscal Quarter Ended March 31, 2025

NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA), 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 the declaration of distributions on shares of the Company's common and preferred stock for the second fiscal quarter 2026 (third calendar quarter of 2025) and results for the fourth fiscal quarter ended March 31, 2025. The Company is declaring.

Sound Point Meridian Capital, Inc. Announces Second Fiscal Quarter 2026 Common Distributions and Preferred Distributions and Results for the Fourth Fiscal Quarter Ended March 31, 2025

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