Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2026 Common and Preferred Distributions
NEW YORK–(BUSINESS WIRE)–
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 is pleased to announce the declaration of distributions on shares of the Company’s common and preferred stock for the third fiscal quarter 2026. (fourth 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 October 31, 2025, November 28, 2025, and December 31, 2025.
The distributions are payable based on the following schedule:
|
Record Date |
Payable Date |
Amount per common share |
|
October 15, 2025 |
October 31, 2025 |
$0.25 |
|
November 14, 2025 |
November 28, 2025 |
$0.25 |
|
December 15, 2025 |
December 31, 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 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 October 31, 2025, November 28, 2025, and December 31, 2025.
The distributions are payable based on the following schedule:
|
Record Date |
Payable Date |
Amount per common share |
|
October 15, 2025 |
October 31, 2025 |
$0.16667 |
|
November 14, 2025 |
November 28, 2025 |
$0.16667 |
|
December 15, 2025 |
December 31, 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.
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 |
|
August 15, 2025 |
August 29, 2025 |
$0.1640625 |
|
September 15, 2025 |
September 30, 2025 |
$0.1640625 |
|
October 15, 2025 |
October 31, 2025 |
$0.1640625 |
|
November 14, 2025 |
November 28, 2025 |
$0.1640625 |
|
December 15, 2025 |
December 31, 2025 |
$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.
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.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
View source version on businesswire.com: https://www.businesswire.com/news/home/20250805132197/en/
Investor Relations:
Julie Smith – Sound Point Capital
(833) 217-6665
[email protected]
www.soundpointmeridiancap.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS: Professional Services Finance
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