Welcome to our dedicated page for Sound Point Meridian Capital news (Ticker: SPME), a resource for investors and traders seeking the latest updates and insights on Sound Point Meridian Capital stock.
Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 (NYSE: SPME) are part of the capital structure of Sound Point Meridian Capital, Inc., a closed-end management investment company focused on CLO investments. This news page aggregates coverage and official announcements that reference SPME and the broader activities of the issuing company.
Company press releases provide regular updates on financial results, portfolio activity, and distribution declarations that are relevant to holders of SPME. These include quarterly results detailing net asset value per share of common stock, net investment income, realized and unrealized gains and losses on investments, and weighted average effective yields on the CLO equity portfolio. The news flow also highlights cash distributions received from the investment portfolio and management’s unaudited estimates of net asset value per share as of specific month-end dates.
For SPME specifically, news items often describe the declaration of monthly distributions on the 7.875% Series B Term Preferred Stock due 2030, including record dates, payable dates, and the amount per share. The company states that the distributions on this series reflect an annual distribution rate of 7.875% of the $25.00 liquidation preference per share. Similar announcements cover distributions on the common stock and the 8.00% Series A Term Preferred Stock due 2029.
In addition, SEC Form 8-K filings and related press releases may report other material events, such as changes in key officers or updates on portfolio metrics. Investors following SPME can use this news stream to monitor how the issuing company’s CLO-focused strategy, income generation, and governance developments may relate to the preferred shares.
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.