Sound Point Meridian Capital, Inc. reported an unaudited estimate of its net asset value per share for common stock at $16.12 to $16.22 as of October 31, 2025. This range reflects management’s point-in-time assessment of the company’s portfolio value on a per-share basis and was disclosed under Other Events. The update offers a snapshot of intrinsic value for comparison with market pricing of the company’s equity securities.
Sound Point Meridian Capital, Inc. announced a planned CFO transition. The Board appointed Daniel Fabian to succeed Kevin Gerlitz as Chief Financial Officer, effective December 31, 2025. The change follows Mr. Gerlitz’s departure to pursue other opportunities on the same date.
Fabian joined Sound Point Capital Management in May 2025 and serves as Global CFO with 20+ years in asset management, previously President & COO at Alcentra. The company states there are no selection arrangements, no family relationships, and no related‑party transactions requiring disclosure for Fabian.
Sound Point Meridian Capital, Inc. reported that it has declared both common and preferred dividends for the fourth fiscal quarter of 2026.
The distributions cover the monthly periods ending January 30, 2026, February 27, 2026, and March 31, 2026. The announcement applies to the company’s common stock (NYSE: SPMC) and its preferred shares, including the 8.00% Series A Preferred Stock due 2029 (NYSE: SPMA) and the 7.875% Series B Preferred Stock due 2030 (NYSE: SPME). A press release with details was furnished as Exhibit 99.1.
Sound Point Meridian Capital, Inc. (SPMC): Form 4 insider activity
AG Asset Strategies LLC, an indirect holder affiliated with Assured Guaranty entities, reported open‑market sales of common stock across three days. Transactions were: 1,882 shares on 10/24/2025 at $16.64, 590 shares on 10/27/2025 at $16.70, and 266 shares on 10/28/2025 at $16.69. After these trades, the filer reported beneficial ownership of 5,280,256 shares held indirectly.
The filing indicates the reporting person’s relationship includes Director status, and it was filed by more than one reporting person. A footnote clarifies a chain of indirect ownership from AG Asset Strategies LLC up through Assured Guaranty Inc., Assured Guaranty Municipal Holdings Inc., Assured Guaranty US Holdings Inc., and Assured Guaranty Ltd.
Sound Point Meridian Capital, Inc. reported insider open‑market purchases by its Chairman and Director. On 10/20/2025, 5,000 common shares were purchased at a weighted average price of $15.61 (range $15.34–$15.79); on 10/21/2025, 2,000 shares at $15.31 (range $15.29–$15.34); on 10/22/2025, 1,000 shares at $15.60.
Following these trades, beneficial ownership was 95,090 shares directly, plus 815.039 shares held indirectly by SPC Consolidator LLC.
Sound Point Meridian Capital, Inc. reported insider open‑market purchases by its Chief Executive Officer and Director. On 10/20/2025, the reporting person bought 12,000 shares of common stock at a weighted average price of $15.36, executed across trades from $15.35 to $15.39. On 10/22/2025, an additional 8,000 shares were bought at a weighted average price of $15.71, within a $15.65 to $15.75 range.
Following these transactions, the filing shows 78,579 shares beneficially owned, held directly. The footnotes state the reporting person will provide detailed trade breakdowns upon request.
Sound Point Meridian Capital, Inc. reported an insider transaction. Reporting persons disclosed an open-market sale of 6,258 shares of common stock on 10/15/2025 at $16.90 per share.
Following the sale, 5,282,994 shares were beneficially owned indirectly, with ownership held through AG Asset Strategies LLC as noted in the footnote. The filing was made by more than one reporting person, including entities within the Assured Guaranty corporate group.
Sound Point Meridian Capital, Inc. provided unaudited estimates of its net asset value and earnings metrics as of and for the quarter ended September 30, 2025.
Management estimates net asset value per common share between $16.86 and $16.96. Estimated net investment income is between $0.49 and $0.59 per common share, and estimated realized results range from a gain of $0.00 to a loss of ($0.10) per common share.
Sound Point Meridian Capital, Inc. entered an equity distribution agreement allowing it to issue and sell, from time to time, up to $100,000,000 in aggregate offering price of its common stock through placement agents in an at-the-market program. The agreement also permits a selling stockholder, AG Asset Strategies LLC, to sell up to 5,297,083 existing common shares through the same agents.
The company plans to use substantially all net proceeds from its sales to acquire investments consistent with its investment strategy, make distributions to stockholders, and for general corporate purposes, and may also repay preferred stock or borrowings under its credit agreement. Oppenheimer & Co. Inc., Lucid Capital Markets, LLC, and B. Riley Securities, Inc. will act as placement agents and receive commissions of up to 1.5% of the gross sales price on shares they place.