Sound Point Meridian Capital, Inc. Announces First Fiscal Quarter 2026 Common Distributions and Preferred Distributions
05 Février 2025 - 10:27PM
Business Wire
Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA), 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 first fiscal quarter 2026 (second calendar
quarter of 2025).
The Company is declaring a monthly distribution of $0.25 per
share on its common stock to be paid on each of April 30, 2025, May
30, 2025, and June 30, 2025.
The distributions are payable based on the following
schedule:
Record Date
Payable Date
Amount per common share
April 15, 2025
April 30, 2025
$0.25
May 15, 2025
May 30, 2025
$0.25
June 13, 2025
June 30, 2025
$0.25
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 2025
calendar year.
The Company is also pleased to announce the declaration of
distributions on shares of the Company’s 8.00% Series A Term
Preferred Stock due 2029 (the “Series A Term Preferred Stock”) as
follows:
Record Date
Payable Date
Amount per common share
April 15, 2025
April 30, 2025
$0.16667
May 15, 2025
May 30, 2025
$0.16667
June 13, 2025
June 30, 2025
$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.
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.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
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version on businesswire.com: https://www.businesswire.com/news/home/20250205314192/en/
Investor Relations: Julie Smith – Sound Point Capital (833)
217-6665 ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
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