Sound Point Meridian Capital Inc
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $202.8M
- Price
- $9.08
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.20%
- Volume
- 30.0K
About
Sound Point Meridian Capital, LLC functions as a closed-end investment firm based in the United States. The company's primary investment strategy involves allocating capital to the equity and mezzanine layers of collateralized loan obligations (CLOs). These CLOs are backed by diversified pools of predominantly lower-rated, U.S. senior secured debt. Established in 2022, its operations are headquartered in New York, New York.
Quick stats
Shares outstanding20.6M
Computed float4.9M
Float / shares23.7%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001930147
AI Summary
AI-generated1/23
standardmixedearnings
Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2027 Common and Preferred Distributions and Results for the First Fiscal Quarter Ended June 30, 2026
Sound Point Meridian reported fiscal first-quarter GAAP net income of $17.5 million, or $0.83 per share, supported by $25.2 million in unrealized gains, despite recording $12.8 million in realized losses.
Estimated net asset value per share declined to a range of $9.56 to $9.66 as of July 31, down from $9.88 at June 30, leading the adviser to waive a portion of fees, reducing the base rate to 1.50% and the incentive fee rate to 15% through year-end.
The company declared monthly distributions of $0.13 on common shares and fixed monthly rates of $0.16667 and $0.1640625 on its Series A and Series B preferred stock for the upcoming quarter.
Red flags
- Realized loss of $12.8 million in Q1
- NAV per share declined from $9.88 to estimated $9.56-$9.66 range in July