Sound Point Meridian (NYSE: SPMA) declares Q1 2027 common and preferred payouts
Rhea-AI Filing Summary
Sound Point Meridian Capital, Inc. declared monthly common stock distributions of $0.20 per share for the first fiscal quarter 2027, payable on April 30, 2026, May 29, 2026, and June 30, 2026 to holders of record on April 15, May 15, and June 15, 2026.
The company also declared monthly distributions on its preferred stock: $0.16667 per share for its 8.00% Series A Term Preferred Stock due 2029 and $0.1640625 per share for its 7.875% Series B Term Preferred Stock due 2030, reflecting their stated annual rates on the $25.00 liquidation preference.
The company noted these distributions may include net investment income, capital gains and/or return of capital, with final tax character reported on Form 1099 after 2026. It also referenced results for the third fiscal quarter ended December 31, 2025 and scheduled an investor conference call on February 11, 2026 at 11:00 a.m. Eastern Time.
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Item 8.01 – Other Events.
On February 11, 2026, Sound Point Meridian Capital, Inc. (the “Company”) issued a press release announcing declaration of both common and preferred dividends for the first fiscal quarter 2027 months ending April 30, 2026, May 31, 2026, and June 30, 2026, financial results for the third fiscal quarter ended December 31, 2025, and certain additional activity through January 31, 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 February 11, 2026 |
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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: February 11, 2026 | By: | /s/ Ujjaval Desai |
| Name: | Ujjaval Desai | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
Sound
Point Meridian Capital, Inc. Announces First Fiscal Quarter 2027
Common Distributions and Preferred Distributions and Results for
the
Third Fiscal Quarter Ended December 31, 2025
NEW YORK – February 11, 2026 – 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 announced the declaration of distributions on shares of the Company’s common and preferred stock for the first fiscal quarter 2027 (second calendar quarter of 2026) and results for the third fiscal quarter ended December 31, 2025.
The Company is declaring a monthly distribution of $0.20 per share on its common stock to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026.
The distributions are payable based on the following schedule:
| Record Date | Payable Date | Amount per common share |
| April 15, 2026 | April 30, 2026 | $0.20 |
| May 15, 2026 | May 29, 2026 | $0.20 |
| June 15, 2026 | June 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 April 30, 2026, May 29, 2026, and June 30, 2026.
The distributions are payable based on the following schedule:
| Record Date | Payable Date | Amount per common share |
| April 15, 2026 | April 30, 2026 | $0.16667 |
| May 15, 2026 | May 29, 2026 | $0.16667 |
| June 15, 2026 | June 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 common share |
| April 15, 2026 | April 30, 2026 | $0.1640625 |
| May 15, 2026 | May 29, 2026 | $0.1640625 |
| June 15, 2026 | June 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.
THIRD FISCAL QUARTER ENDED DECEMBER 31, 2025 RESULTS
| ● | Net asset value per share of common stock was $14.02 as of December 31, 2025. |
| ● | Net investment income (“NII”) was $9.0 million, or $0.44 per share of common stock, comprised of $18.0 million of investment income, or $0.88 per share of common stock and $9.0 million of expenses, or $0.44 per share of common stock. |
| ● | Realized loss on investments was $1.1 million, or ($0.05) per share of common stock. |
| ● | Unrealized loss on investments was $51.8 million, or ($2.53) per share of common stock. |
| ● | GAAP net loss was $43.9 million, or ($2.14) per share of common stock. |
| ● | As of December 31, 2025, the weighted average effective yield of the Company’s CLO equity portfolio, based on amortized cost, was 11.0%.1 |
| ● | As of December 31, 2025, on a look-through basis, and based on the most recent trustee reports received by such date: |
| ○ | The Company, through its CLO investments, had indirect exposure to approximately 1,596 unique underlying loans. |
| ○ | The largest look-through obligor represented 0.6% of the loans underlying the Company’s CLO debt and equity portfolio. |
| ○ | The top ten largest look-through obligors together represented 4.5% of the loans underlying the Company’s CLO debt and equity portfolio. |
FOURTH FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES
| ● | Management’s unaudited estimate of the net asset value per share of the Company’s common stock as of January 31, 2026, was $13.40. |
| ● | Received $29.6 million cash distributions from the Company’s investment portfolio.2 |
| ● | Declared a monthly distribution of $0.20 per share on the Company’s common stock to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026. |
| ● | Declared a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred Stock due 2029 to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026. |
| ● | Declared a monthly distribution of $0.1640625 on shares of the Company’s 7.875% Series B Term Preferred Stock due 2030 to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026. |
CONFERENCE CALL
The Company will host a conference call at 11:00 a.m. (Eastern Time) today to discuss these results. All interested parties are welcome to participate in the conference call via the below:
| Date/Time: | Wednesday, February 11, 2026 – 11:00 a.m. ET |
| Participant Dial-In Numbers: | |
| (United States): | (800) 549-8228 |
| (International): | (646) 564-2877 |
| 1 | Weighted average effective yield is based on investments’ amortized cost and expected future cash flows as of the applicable period end. | |
| 2 | “Cash distributions” refers to the quarterly distributions received by the company from its CLO equity investments. |
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To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID “SOUNDFQ3”.
An accompanying slide presentation is available in pdf format via the “Events and Presentations” section of the Company’s website (https://www.soundpointmeridiancap.com/).
The call will also be simultaneously webcast over the internet via the “Events and Presentations” section of the Company’s website (https://www.soundpointmeridiancap.com/). Please go to the “Events and Presentations” section of the Company’s website at least 15 minutes prior to the call to register for the call and download and install any necessary audio software.
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 Company’s filings with the Securities and Exchange Commission. 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.
Investor Relations:
Julie Smith – Sound Point Capital
(833) 217-6665
ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
Source: Sound Point Meridian Capital, Inc.
NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE
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FAQ
What common stock distributions did Sound Point Meridian (SPMA) declare for Q1 2027?
What are the preferred stock distributions for SPMA’s Series A Term Preferred?
What are the preferred stock distributions for SPMA’s Series B Term Preferred?
How will the tax character of Sound Point Meridian’s 2026 distributions be reported?
When is Sound Point Meridian’s conference call to discuss recent results?
What is Sound Point Meridian Capital’s investment objective and focus?
Filing Exhibits & Attachments
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