Welcome to our dedicated page for Sound Point Meridian Capital news (Ticker: SPMC), a resource for investors and traders seeking the latest updates and insights on Sound Point Meridian Capital stock.
Sound Point Meridian Capital Inc (SPMC) delivers strategic financial solutions through asset management and capital markets expertise. This news hub provides investors and analysts with essential updates about the company's market activities and corporate developments.
Access timely SPMC press releases covering earnings announcements, strategic partnerships, leadership changes, and regulatory filings. Our curated collection ensures transparent tracking of the company's financial positioning and investment strategies.
Key updates include quarterly financial results, merger & acquisition activity, portfolio management decisions, and corporate governance updates. Each release maintains the company's commitment to rigorous risk assessment and capital optimization.
Bookmark this page for direct access to primary source materials from SPMC. Regularly updated content supports informed decision-making about the company's market position and financial health.
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), a closed-end management investment company, has scheduled its first fiscal quarter 2025 earnings release and conference call. The company will release financial results for the quarter ended June 30, 2025 before market open on August 12, 2025.
The conference call will be held at 11:00 a.m. ET on the same day, with both domestic (800-549-8228) and international (646-564-2877) dial-in options available. A slide presentation will be accessible through the company's website, and a webcast replay will be available for approximately one year. A telephone replay will be accessible until September 12, 2025.
Sound Point Meridian Capital (NYSE:SPMC) has priced an underwritten public offering of 2,000,000 shares of its 7.875% Series B Preferred Shares due 2030 at $25 per share. The offering is expected to generate net proceeds of approximately $48.2 million after expenses.
The Preferred Shares, rated 'BBB' by Egan-Jones, will be listed on the NYSE under the symbol "SPME". The underwriters have a 30-day option to purchase up to 300,000 additional shares. The offering is expected to close on July 15, 2025, subject to customary conditions.
Sound Point Meridian Capital (NYSE:SPMC) has announced a public offering of Series B Preferred Shares. The shares, rated 'BBB' by Egan-Jones Ratings Company, will be listed on the NYSE under the symbol "SPME" within 30 days of issuance.
The offering is being led by joint bookrunners including Oppenheimer & Co. Inc., B. Riley Securities, Janney Montgomery Scott, Lucid Capital Markets, and Piper Sandler. The company will grant underwriters a 30-day option to purchase additional shares. The final terms of the offering will be determined through negotiations between the company and underwriters.
Sound Point Meridian Capital (NYSE: SPMC) has announced it will release its financial results for the fourth quarter and fiscal year ended March 31, 2025, before market opening on Thursday, May 29, 2025. The company will host a conference call at 11:00 a.m. ET to discuss the results.
Participants can join via phone using U.S. toll-free number (800) 549-8228 or international number (646) 564-2877, with Conference ID "SOUNDFQ4". A simultaneous webcast will be available through the company's website. An online archive of the webcast will be accessible for approximately one year, and a telephone replay will be available until June 29, 2025.
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) has announced its upcoming third fiscal quarter earnings release and conference call schedule. The company will release financial results for the quarter ended December 31, 2024, before market opening on Wednesday, February 12, 2025, followed by a conference call at 10:00 a.m. ET.
Participants can join via phone using U.S. dial-in (800) 549-8228 or international dial-in (646) 564-2877, with Conference ID 'SOUNDFQ3'. The call will be simultaneously webcast through the company's website. An accompanying slide presentation will be available in the Investor Relations section of the website after the earnings release.
A replay will be accessible through February 19, 2025, via phone at (888) 660-6264 (U.S.) or (646) 517-3975 (international) using pin 79387. The webcast recording will remain available online for approximately one year.
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