{"id":11567,"date":"2026-05-27T16:00:00","date_gmt":"2026-05-27T14:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=3c33bae531c169350c50d38340c67941"},"modified":"2026-05-27T16:00:00","modified_gmt":"2026-05-27T14:00:00","slug":"sound-point-meridian-capital-inc-announces-results-for-the-fourth-fiscal-quarter-ended-march-31-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=11567","title":{"rendered":"Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal Quarter Ended March 31, 2026"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/CLO?src=hash\" >#CLO<\/a>--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 \u201cCompany\u201d), today announced results for the fourth fiscal quarter ended March 31, 2026.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260527545397\/en\/2815482\/4\/SoundPointMeridianCapital_2line.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260527545397\/en\/2815482\/22\/SoundPointMeridianCapital_2line.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260527545397\/en\/2815482\/4\/SoundPointMeridianCapital_2line.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260527545397\/en\/2815482\/21\/SoundPointMeridianCapital_2line.jpg\" \/><\/a><p>\n<b>FOURTH FISCAL QUARTER ENDED MARCH 31, 2026 RESULTS<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nNet asset value per share of common stock was $9.63 as of March 31, 2026.<\/li>\n<li>\nNet investment income (\u201cNII\u201d) was $7.0 million, or $0.34 per share of common stock, comprised of $15.1 million of investment income, or $0.73 per share of common stock and $8.2 million of expenses, or $0.40 per share of common stock.<\/li>\n<li>\nRealized loss on investments was $4.1 million, or ($0.20) per share of common stock.<\/li>\n<li>\nUnrealized loss on investments was $77.6 million, or ($3.77) per share of common stock.<\/li>\n<li>\nGAAP net loss was $74.7 million, or ($3.63) per share of common stock.<\/li>\n<li>\nAs of March 31, 2026, the weighted average effective yield of the Company\u2019s CLO equity portfolio, based on amortized cost, was 9.1%.<sup>1<\/sup><\/li>\n<li>\nAs of March 31, 2026, on a look-through basis, and based on the most recent trustee reports received by such date:\n<ul class=\"bwlistcircle\">\n<li>\nThe Company, through its CLO investments, had indirect exposure to approximately 1,540 unique underlying loans.<\/li>\n<li>\nThe largest look-through obligor represented 0.6% of the loans underlying the Company\u2019s CLO debt and equity portfolio.<\/li>\n<li>\nThe top ten largest look-through obligors together represented 4.4% of the loans underlying the Company\u2019s CLO debt and equity portfolio.<\/li>\n<\/ul><\/li>\n<\/ul><p>\n<b>FIRST FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\nManagement\u2019s unaudited estimate of the net asset value per share of the Company\u2019s common stock as of April 30, 2026, was $10.57.<\/li>\n<li>\nReceived $23.4 million cash distributions from the Company\u2019s investment portfolio.<sup>2<\/sup><\/li>\n<li>\nDeclared a monthly distribution of $0.20 per share on the Company\u2019s common stock to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.<\/li>\n<li>\nDeclared a monthly distribution of $0.16667 on shares of the Company\u2019s 8.00% Series A Term Preferred Stock due 2029 to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.<\/li>\n<li>\nDeclared a monthly distribution of $0.1640625 on shares of the Company\u2019s 7.875% Series B Term Preferred Stock due 2030 to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.<\/li>\n<\/ul><p>\n<b>CONFERENCE CALL<\/b><\/p><p>\nThe Company will host a conference call at 2:00 p.m. (Eastern Time) today to discuss these results. All interested parties are welcome to participate in the conference call via the below:<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwpadl0 bwwidth25\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDate\/Time:<\/p><\/td><td class=\"bwpadl0 bwwidth75\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nWednesday, May 27, 2026 \u2013 2:00 p.m. ET<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth25\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwwidth75\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth25\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nParticipant Dial-In Numbers:<\/p><\/td><td class=\"bwpadl0 bwwidth75\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth25\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n(United States Toll-Free):<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth75\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n(800) 715-9871<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth25\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n(International):<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth75\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n(646) 307-1963<\/p><\/td><\/tr>\n<\/table><p>\nTo access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID \u201cSOUNDFQ4\u201d.<\/p><p>\nAn accompanying slide presentation is available in pdf format via the \u201cEvents and Presentations\u201d section of the Company\u2019s website (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&amp;esheet=54542274&amp;newsitemid=20260527545397&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&amp;index=1&amp;md5=715aa9a6334b86c7de05825a8ba0a5bd\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.soundpointmeridiancap.com\/<\/a>).<\/p><p>\nThe call will also be simultaneously webcast over the internet via the \u201cEvents and Presentations\u201d section of the Company\u2019s website (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&amp;esheet=54542274&amp;newsitemid=20260527545397&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&amp;index=2&amp;md5=b6fd25d0be15796ce6f9a1b7d6c10423\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.soundpointmeridiancap.com\/<\/a>). Please go to the \u201cEvents and Presentations\u201d section of the Company\u2019s website at least 15 minutes prior to the call to register for the call and download and install any necessary audio software.<\/p><p>\n<b>About the Company<\/b><\/p><p>\nThe Company is an externally managed, non-diversified closed-end management investment company. The Company\u2019s 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 (\u201cCLO\u201d) 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 <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.soundpointmeridiancap.com&amp;esheet=54542274&amp;newsitemid=20260527545397&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com&amp;index=3&amp;md5=9b47132a0b39be50946dd29382ac3a63\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.soundpointmeridiancap.com<\/a>.<\/p><p>\n<b>FORWARD-LOOKING STATEMENTS<\/b><\/p><p>\n<i>This press release may contain \u201cforward-looking statements\u201d 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\u2019s 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.<\/i><\/p><p>\nSource: Sound Point Meridian Capital, Inc.<\/p><p>\nNOT FDIC INSURED \u2022 NO BANK GUARANTEE \u2022 MAY LOSE VALUE<\/p><p>\n<sup>1 <\/sup>Weighted average effective yield is based on investments\u2019 amortized cost and expected future cash flows as of the applicable period end.<\/p><p>\n<sup>2<\/sup> \u201cCash distributions\u201d refers to the quarterly distributions received by the company from its CLO equity investments.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Investor Relations:<\/b><\/p><p>\nJulie Smith \u2013 Sound Point Capital\n<br\/>(833) 217-6665\n<br\/><a  href=\"mailto:ir@soundpointmeridiancap.com\" rel=\"nofollow\" shape=\"rect\">ir@soundpointmeridiancap.com<\/a><br\/><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.soundpointmeridiancap.com&amp;esheet=54542274&amp;newsitemid=20260527545397&amp;lan=en-US&amp;anchor=www.soundpointmeridiancap.com&amp;index=4&amp;md5=981f33b8feb8287609a52aa1522b2a40\" rel=\"nofollow\" shape=\"rect\">www.soundpointmeridiancap.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#CLO&#8211;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 \u201cCompany\u201d), &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11567","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11567"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11567\/revisions"}],"predecessor-version":[{"id":11568,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/11567\/revisions\/11568"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}