Welcome to our dedicated page for Sound Point Meridian Cap news (Ticker: SPMA), a resource for investors and traders seeking the latest updates and insights on Sound Point Meridian Cap stock.
Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (NYSE: SPMA) are a series of term preferred stock issued by Sound Point Meridian Capital, Inc., an externally managed, non-diversified closed-end management investment company. The Company’s public news releases focus on its investment performance, portfolio activity, and regular distributions on both its common stock and preferred stock, including the 8.00% Series A Term Preferred Stock due 2029.
News for SPMA is closely tied to announcements from Sound Point Meridian Capital, Inc. about its financial results and capital structure. The Company regularly issues press releases detailing net asset value per share of common stock, net investment income, realized and unrealized gains or losses on investments, and the weighted average effective yield of its CLO equity portfolio. These updates provide context on the performance of the CLO equity and mezzanine tranches in which the Company primarily invests.
Another recurring theme in the Company’s news is the declaration of monthly distributions. Press releases specify the amount of distributions on common stock and on the 8.00% Series A Term Preferred Stock due 2029, along with record dates, payment dates, and the stated annual distribution rate as a percentage of the liquidation preference. The Company also reports on cash distributions received from its investment portfolio, which it defines as the quarterly distributions from its CLO equity investments.
Investors following SPMA-related news can also see updates on financing and capital markets activity, such as the establishment or amendment of credit facilities and the implementation of an equity distribution agreement that allows the Company and a selling stockholder to sell common shares in an at-the-market offering. Earnings releases are often accompanied by conference call details and references to slide presentations made available through the Company’s investor materials.
This news page aggregates such Company disclosures so readers can review financial results, distribution declarations, and other material events that may be relevant when evaluating the 8.00% Series A Preferred Shares due 2029.
Sound Point Meridian Capital (NYSE: SPMA) declared monthly common distributions of $0.20 per share for April–June 2026 and monthly preferred distributions of $0.16667 (Series A) and $0.1640625 (Series B) per share for the same months.
For the third fiscal quarter ended December 31, 2025, NAV per common share was $14.02, net investment income was $9.0 million ($0.44/share), and GAAP net loss was $43.9 million ($2.14/share). CLO equity weighted average effective yield was 11.0%.
Sound Point Meridian Capital (NYSE: SPMA) reported results for the fiscal quarter ended September 30, 2025. NAV per share was $16.91. Net investment income was $11.0 million or $0.54 per share; GAAP net loss was $17.2 million or ($0.84) per share driven by an unrealized loss of $27.4 million.
The company reported a weighted average effective yield of 12.0% on its CLO equity portfolio and indirect exposure to ~1,627 underlying loans. Management estimated NAV at $16.17 as of October 31, 2025. The company received $24.8 million cash distributions and declared monthly common and preferred distributions for Jan–Mar 2026.
Sound Point Meridian Capital (NYSE: SPMA) declared monthly distributions for the fourth fiscal quarter 2026 (calendar Q1 2026).
Common stock: $0.25 per share monthly, payable Jan 30, 2026, Feb 27, 2026, and Mar 31, 2026 (record dates Jan 15, Feb 16, Mar 16).
Preferred stock: Series A pays $0.16667 monthly (8.00% annual rate on $25 liquidation preference); Series B pays $0.1640625 monthly (7.875% annual rate on $25 liquidation preference). Tax character of common distributions (net investment income, capital gains and/or return of capital) will be reported on Form 1099 after calendar year 2025.
Sound Point Meridian Capital (NYSE: SPMC) reported its financial results for the first fiscal quarter ended June 30, 2025. The company achieved a net asset value of $18.50 per share and net investment income of $10.8 million ($0.53 per share).
Key highlights include $22.6 million in cash distributions from their investment portfolio and deployment of $10.9 million in six CLO equity positions with a 13.7% GAAP yield. The company declared monthly distributions of $0.25 per share on common stock for October through December 2025.
Additionally, Sound Point Meridian amended its CIBC Credit Facility, extending the maturity to August 2028 and increasing the maximum facility to $150.0 million, maintaining the rate at SOFR + 3.75%.
Sound Point Meridian Capital (NYSE: SPMC) has declared distributions for its common and preferred stock for the third fiscal quarter 2026. The company announced monthly common stock distributions of $0.25 per share payable in October, November, and December 2025.
Additionally, the company declared distributions on two series of preferred stock: 8.00% Series A Term Preferred Stock with monthly payments of $0.16667 per share, and 7.875% Series B Term Preferred Stock with monthly distributions of $0.1640625 per share. Both preferred stock distributions reflect their respective annual rates based on a $25.00 liquidation preference per share.
Sound Point Meridian Capital (NYSE: SPMC) reported its financial results for Q3 FY2024 ended December 31, 2024. The company achieved a net asset value of $20.52 per share and net investment income of $12.5 million ($0.62 per share). Key highlights include:
Investment income reached $20.0 million ($0.99 per share), with expenses of $7.5 million ($0.37 per share). The company recorded realized gains of $2.0 million and unrealized gains of $17.7 million, resulting in GAAP net income of $32.2 million ($1.59 per share). The CLO equity portfolio maintained a weighted average effective yield of 15.2%.
The company issued 2.3 million shares of 8.0% Series A Preferred stock, raising net proceeds of $55.8 million. Monthly distribution increased by 4.2% to $0.25 per share, payable in April, May, and June 2025.
Sound Point Meridian Capital (NYSE: SPMC) has declared distributions for both common and preferred stock for the first fiscal quarter 2026. The company will pay monthly distributions of $0.25 per common share on April 30, May 30, and June 30, 2025.
Additionally, SPMC announced distributions on its 8.00% Series A Term Preferred Stock due 2029, with monthly payments of $0.16667 per share for the same dates. These preferred stock distributions represent an annual rate of 8.00% based on the $25.00 liquidation preference per share.
The common stock distributions may include net investment income, capital gains, and/or return of capital, with specific tax characteristics to be reported on Form 1099 after the 2025 calendar year end.
Sound Point Meridian Capital (NYSE: SPMC) reported its Q2 FY2024 results with a net asset value of $19.59 per share. The company posted net investment income of $17.5 million ($0.86 per share), comprising $25.1 million in investment income and $7.7 million in expenses. GAAP net income was $7.6 million ($0.38 per share), with a realized and unrealized loss of $9.9 million on investments.
The company secured a $100 million revolving credit facility with CIBC, issued 175,000 additional shares, and maintained an 8.7% leverage. Their CLO equity portfolio yielded 15.7%, with exposure to 1,532 unique corporate obligors. Monthly distribution increased 9.1% to $0.24 per share for Q1 2025.
Sound Point Meridian Capital (NYSE: SPMC) has announced a 9.1% increase in its monthly common stock distribution to $0.24 per share for the first calendar quarter of 2025, up from the previous $0.22. The distributions will be paid on January 31, February 28, and March 31, 2025. Additionally, the company declared distributions of $0.1667 per share on its 8.00% Series A Term Preferred Stock, reflecting an annual rate of 8.00% on the $25 liquidation preference, payable from December 2024 through March 2025.