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  4. [8-K] Sound Point Meridian Capital, Inc. Reports Material Event

Sound Point Meridian Capital (NYSE: SPMA) issues Q1 2026 NAV and income estimates

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sound Point Meridian Capital, Inc. provided unaudited estimates for its net asset value and key performance metrics as of and for the quarter ended March 31, 2026.

Management estimates net asset value per share between $9.58 and $9.68. For the same quarter, estimated net investment income ranges from $0.29 to $0.37 per share of common stock, while estimated realized results indicate a net loss between $(0.37) and $(0.29) per share.

Positive

  • None.

Negative

  • None.

Insights

Company gives early unaudited ranges for NAV, income and realized losses.

Sound Point Meridian Capital, Inc. released preliminary, unaudited ranges for its March 2026 quarter. Estimated net asset value per share of $9.58–$9.68 frames the balance-sheet position for common shareholders at quarter end.

Estimated net investment income of $0.29–$0.37 per share suggests positive core earnings, while realized results show a loss of $(0.37)–$(0.29) per share. That gap highlights the impact of realized gains or losses separate from recurring income.

Because these figures are management estimates and unaudited, final results could differ. Investors may later compare the final reported NAV and per-share income for the quarter ended March 31, 2026 to these preliminary ranges to assess any revisions.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Estimated NAV per share $9.58–$9.68 per share Unaudited estimate as of March 31, 2026
Estimated net investment income $0.29–$0.37 per share Unaudited estimate for quarter ended March 31, 2026
Estimated realized loss $(0.37)–$(0.29) per share Unaudited estimate for quarter ended March 31, 2026
Series A preferred coupon 8.00% Series A Preferred Stock due 2029 listed as SPMA
Series B preferred coupon 7.875% Series B Preferred Stock due 2030 listed as SPME
net asset value financial
"Management’s unaudited estimate of the range of the net asset value per share of Sound Point Meridian Capital, Inc.’s common stock"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
net investment income financial
"management’s unaudited estimate of the range of our net investment income was between $0.29 and $0.37 per share"
Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.
realized gain (loss) financial
"management’s unaudited estimate of the range of our realized gain (loss) was between ($0.37) and ($0.29) per share"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
preferred stock financial
"8.00% Series A Preferred Stock due 2029 and 7.875% Series B Preferred Stock due 2030"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What net asset value per share did Sound Point Meridian Capital (SPMA) estimate for March 31, 2026?
Sound Point Meridian Capital estimated its March 31, 2026 net asset value per common share between $9.58 and $9.68. This unaudited range reflects management’s view of the company’s equity value per share at quarter end, before final review and audit adjustments.

What is Sound Point Meridian Capital’s estimated net investment income per share for Q1 2026?
For the quarter ended March 31, 2026, Sound Point Meridian Capital estimated net investment income between $0.29 and $0.37 per common share. Net investment income reflects recurring earnings from the company’s investment portfolio, excluding realized and unrealized gains or losses.

Did Sound Point Meridian Capital report an estimated realized gain or loss for Q1 2026?
Yes. Management estimated a realized loss for the quarter ended March 31, 2026 between $(0.37) and $(0.29) per common share. This measure captures realized gains and losses from investment sales or resolutions recorded during the period.

Are Sound Point Meridian Capital’s March 31, 2026 figures final or audited?
The March 31, 2026 figures are management’s unaudited estimates. The company disclosed ranges for net asset value, net investment income, and realized loss per share, which may change once full financial statements are prepared and any audit or review procedures are completed.

Which securities of Sound Point Meridian Capital are listed on the New York Stock Exchange?
Sound Point Meridian Capital lists its common stock under symbol SPMC, its 8.00% Series A Preferred Stock due 2029 under SPMA, and its 7.875% Series B Preferred Stock due 2030 under SPME on the New York Stock Exchange.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): April 9, 2026

 

SOUND POINT MERIDIAN CAPITAL, INC.

(Exact name of Registrant as Specified in Its Charter)

 

Delaware   811-23881   99-3083840

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

375 Park Avenue, 34th Floor, New York, New York   10152
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (212) 895-2293

 

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001 per share   SPMC   New York Stock Exchange
8.00% Series A Preferred Stock due 2029   SPMA   New York Stock Exchange
7.875% Series B Preferred Stock due 2030   SPME   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 8.01 – Other Events.

 

Management’s unaudited estimate of the range of the net asset value per share of Sound Point Meridian Capital, Inc.’s (the “Company”) common stock as of March 31, 2026, was between $9.58 and $9.68.

 

In addition, for the quarter ended March 31, 2026, management’s unaudited estimate of the range of our net investment income was between $0.29 and $0.37 per share of our common stock and management’s unaudited estimate of the range of our realized gain (loss) was between ($0.37) and ($0.29) per share of our common stock.

 

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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: April 9, 2026 By: /s/ Ujjaval Desai
  Name:  Ujjaval Desai
  Title: Chief Executive Officer

 

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Source: View Original Filing on SEC EDGAR

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