Sound Point Meridian Capital, Inc. Announces Fourth Fiscal Quarter 2027 Common and Preferred Distributions and Results for the Second Fiscal Quarter Ended September 30, 2026
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 announced the declaration of distributions on shares of the Company’s common and preferred stock for the fourth fiscal quarter 2027 (first calendar quarter of 2027), results for the second fiscal quarter ended September 30, 2026 and additional activity through October 31, 2026.
The Company is declaring a monthly distribution of $0.13 per share on its common stock to be paid on each of January 29, 2027, February 26, 2027, and March 31, 2027.
The distributions will be payable according to the following schedule:
Record Date
Payable Date
Amount per common share
January 15, 2027
January 29, 2027
$0.13
February 16, 2027
February 26, 2027
$0.13
March 15, 2027
March 31, 2027
$0.13
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 2027 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 January 29, 2027, February 26, 2027, and March 31, 2027.
The distributions will be payable according to the following schedule:
Record Date
Payable Date
Amount per preferred share
January 15, 2027
January 29, 2027
$0.16667
February 16, 2027
February 26, 2027
$0.16667
March 15, 2027
March 31, 2027
$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 preferred share
January 15, 2027
January 29, 2027
$0.1640625
February 16, 2027
February 26, 2027
$0.1640625
March 15, 2027
March 31, 2027
$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.
SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2026 RESULTS
THIRD FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES
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:
Thursday, November 12, 2026 – 11:00 a.m. ET
Participant Dial-In Numbers:
(North America Toll-Free):
(833) 461-5787
(International Toll):
(585) 542-9983
To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID 692 106 906.
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.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
1 Calculated at the end of each quarter and used for income recognition for the following quarter. For the quarter ended September 30, 2026, CLO Equity GAAP Yield was calculated based on total amortized cost (excluding called CLOs) of $487.65mm.
2 For additional details, see the Management Fee Waiver Agreement, filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed August 12, 2026.
3 “Cash distributions” refers to the quarterly distributions received by the company from its CLO equity investments.