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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.
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