Sound Point Meridian Capital

SPMC

Sound Point Meridian Capital Inc is a CLO CEF fund primarily exposed to CLO equity tranches, analyzed using Moody's adapted BDC methodology. SPMC demonstrates strong asset coverage, no secured debt, and solid profitability, but its portfolio concentration in CLO equity tranches increases risk. SPMC's fixed debt appears relatively safe and close to investment grade, but the preferred shares and overall CEF CLO structure carry significant risk, which falls entirely on equity investors.

Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.86 per share a year ago.

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 second fiscal quarter ended September 30, 2025. SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2025 RESULTS Net asset value per share of common stock was $16.91 as of September 30, 2025. Net investment income (“NII”) was $11.0.

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 fourth fiscal quarter 2026. (first calendar quarter of 2026). The Company is declaring a monthly distribution of $0.25 per share.

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 second fiscal quarter ended September 30, 2025 prior to the opening of the stock market on Thursday, November 13, 2025, and discuss these results in a conference call at 11:00 a.m. ET. All interested.

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.

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.

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.

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.

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.