Assured Guaranty Ltd. reports a 21.7% stake in Sound Point Direct Lending BDC. The filing states Assured Guaranty Ltd. beneficially owns 760,000 common shares with sole voting and dispositive power as of 02/13/2026. The schedule cites 3,506,476 shares issued and outstanding as of January 30, 2026 per the issuer's Form 10.
The filing is submitted by Assured Guaranty Ltd. as the ultimate parent of related subsidiaries and is signed by Ling Chow, General Counsel & Secretary, on 02/27/2026.
Positive
None.
Negative
None.
Insights
Schedule 13G discloses a passive >5% beneficial holding with sole voting/dispositive authority.
The schedule lists 760,000 shares and a 21.7% class stake, and notes the total outstanding of 3,506,476 shares as of 01/30/2026. The filer identifies itself as the ultimate parent and attaches subsidiary detail on Exhibit A.
Filing classification as a 13G typically signals passive intent; any change in intent or ownership percentage would require amendment under applicable rules.
Large ownership position is material to cap table; voting control is concentrated in the filer.
The disclosure shows sole power to vote and dispose of 760,000 shares, indicating the filer can determine how those shares are exercised. The schedule attributes beneficial ownership to Assured Guaranty Ltd. as parent of subsidiaries.
Market impact depends on future filings or trading by the holder; subsequent amendments would clarify any active trading or disposition plans.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sound Point Direct Lending BDC
(Name of Issuer)
Common Shares of Beneficial Interest
(Title of Class of Securities)
02/13/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
Assured Guaranty Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
760,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
760,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
760,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
21.7 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: (1) Based on a total of 3,506,476 shares issued and outstanding as of January 30, 2026, as disclosed in Sound Point Direct Lending BDC's Form 10, filed on February 12, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sound Point Direct Lending BDC
(b)
Address of issuer's principal executive offices:
C/O SOUND POINT CAPITAL MANAGEMENT, LP, 375 PARK AVENUE, 33RD FLOOR, NEW YORK, New York, 10152
Item 2.
(a)
Name of person filing:
Assured Guaranty Ltd.
(b)
Address or principal business office or, if none, residence:
30 Woodbourne Ave, 5th Floor, Hamilton HM08 Bermuda
(c)
Citizenship:
Bermuda
(d)
Title of class of securities:
Common Shares of Beneficial Interest
(e)
CUSIP No.:
000000000
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
760,000
(b)
Percent of class:
21.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
760,000
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
760,000
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
This Schedule 13G is filed by Assured Guaranty Ltd., the ultimate parent of the subsidiary entities listed on Exhibit A. Each such entity may be deemed to beneficially own the securities to which this Schedule 13G applies.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Assured Guaranty Ltd. is filing this Schedule 13G pursuant to Rule 13d-1(b)(1)(ii)(G) as the ultimate parent of its wholly owned subsidiaries listed on Exhibit A hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
