Sound Point Meridian (NYSE: SPMA) declares Q3 2026 common and preferred payouts
Rhea-AI Filing Summary
Sound Point Meridian Capital, Inc. declared monthly cash distributions on its common and preferred stock for its second fiscal quarter 2027 (third calendar quarter 2026). Common shareholders will receive $0.20 per share on July 31, August 31, and September 30, 2026, with record dates on July 15, August 14, and September 15, 2026.
Holders of the 8.00% Series A Term Preferred Stock due 2029 will receive $0.16667 per share monthly on the same payable and record dates, reflecting an 8.00% annual rate on the $25.00 liquidation preference. Holders of the 7.875% Series B Term Preferred Stock due 2030 will receive $0.1640625 per share monthly on the same schedule, reflecting a 7.875% annual rate on the $25.00 liquidation preference.
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8-K Event Classification
Key Figures
Key Terms
closed-end management investment company financial
collateralized loan obligation financial
mezzanine tranches financial
liquidation preference financial
return of capital financial
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Item 8.01 – Other Events.
On May 20, 2026, Sound Point Meridian Capital, Inc. (the “Company”) issued a press release announcing declaration of both common and preferred dividends for the second fiscal quarter 2027 months ending July 31, 2026, August 31, 2026, and September 30, 2026. A copy of the press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated May 20, 2026 |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Sound Point Meridian Capital, Inc. | ||
| Date: May 20, 2026 | By: | /s/ Ujjaval Desai |
| Name: | Ujjaval Desai | |
| Title: | Chief Executive Officer | |
2
Exhibit 99.1
SOUND POINT MERIDIAN CAPITAL, INC.
ANNOUNCES SECOND FISCAL QUARTER 2027
COMMON and Preferred Distributions
May 20, 2026
NEW YORK, NEW YORK – Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today is pleased to announce the declaration of distributions on shares of the Company’s common and preferred stock for the second fiscal quarter 2027 (third calendar quarter of 2026).
The Company is declaring a monthly distribution of $0.20 per share on its common stock to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.
The distributions will be payable according to the following schedule:
| Record Date | Payable Date | Amount per common share |
| July 15, 2026 | July 31, 2026 | $0.20 |
| August 14, 2026 | August 31, 2026 | $0.20 |
| September 15, 2026 | September 30, 2026 | $0.20 |
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2026 calendar year.
The Company is also declaring a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred Stock due 2029 (the “Series A Term Preferred Stock”) to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.
The distributions will be payable according to the following schedule:
| Record Date | Payable Date | Amount per preferred share |
| July 15, 2026 | July 31, 2026 | $0.16667 |
| August 14, 2026 | August 31, 2026 | $0.16667 |
| September 15, 2026 | September 30, 2026 | $0.16667 |
The distributions on the Series A Term Preferred Stock reflect an annual distribution rate of 8.00% of the $25.00 liquidation preference per share.
The Company is also pleased to announce the declaration of distributions on shares of the Company’s 7.875% Series B Term Preferred Stock due 2030 (the “Series B Term Preferred Stock”) as follows:
| Record Date | Payable Date | Amount per preferred share |
| July 15, 2026 | July 31, 2026 | $0.1640625 |
| August 14, 2026 | August 31, 2026 | $0.1640625 |
| September 15, 2026 | September 30, 2026 | $0.1640625 |
The distributions on the Series B Term Preferred Stock reflect an annual distribution rate of 7.875% of the $25.00 liquidation preference per share.
ABOUT THE COMPANY
The Company is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation (“CLO”) equity and mezzanine tranches of predominately U.S. dollar-denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC, a Delaware limited liability company. For additional information, visit https://www.soundpointmeridiancap.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company’s other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Source: Sound Point Meridian Capital, Inc.
Investor Relations:
Julie Smith – Sound Point Meridian Capital
(833) 217-6665
ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE