{"success":true,"data":{"pressRelease":{"id":"46066","rtpr_id":"nBw95lRDva","ticker":"SPMC","exchange":"NYSE","all_tickers":["SPMC"],"title":"Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal Quarter Ended March 31, 2026","author":"Business Wire","published_at":"2026-05-27T11:00:00.610Z","article_body":"Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal\nQuarter Ended March 31, 2026\n\nSound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end\nmanagement investment company that has registered as an investment company\nunder the Investment Company Act of 1940, as amended (the “Company”),\ntoday announced results for the fourth fiscal quarter ended March 31, 2026.\n\nFOURTH FISCAL QUARTER ENDED MARCH 31, 2026 RESULTS\n\n\n * Net asset value per share of common stock was $9.63 as of March 31, 2026.\n\n * Net investment income (“NII”) was $7.0 million, or $0.34 per share of\ncommon stock, comprised of $15.1 million of investment income, or $0.73 per\nshare of common stock and $8.2 million of expenses, or $0.40 per share of\ncommon stock.\n\n * Realized loss on investments was $4.1 million, or ($0.20) per share of common\nstock.\n\n * Unrealized loss on investments was $77.6 million, or ($3.77) per share of\ncommon stock.\n\n * GAAP net loss was $74.7 million, or ($3.63) per share of common stock.\n\n * As of March 31, 2026, the weighted average effective yield of the Company’s\nCLO equity portfolio, based on amortized cost, was 9.1%.(1)\n\n * As of March 31, 2026, on a look-through basis, and based on the most recent\ntrustee reports received by such date:\n\n\n* The Company, through its CLO investments, had indirect exposure to\napproximately 1,540 unique underlying loans.\n\n * The largest look-through obligor represented 0.6% of the loans underlying the\nCompany’s CLO debt and equity portfolio.\n\n * The top ten largest look-through obligors together represented 4.4% of the\nloans underlying the Company’s CLO debt and equity portfolio.\n\n\n\n\nFIRST FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES\n\n\n * Management’s unaudited estimate of the net asset value per share of the\nCompany’s common stock as of April 30, 2026, was $10.57.\n\n * Received $23.4 million cash distributions from the Company’s investment\nportfolio.(2)\n\n * Declared a monthly distribution of $0.20 per share on the Company’s common\nstock to be paid on each of July 31, 2026, August 31, 2026, and September 30,\n2026.\n\n * Declared a monthly distribution of $0.16667 on shares of the Company’s 8.00%\nSeries A Term Preferred Stock due 2029 to be paid on each of July 31, 2026,\nAugust 31, 2026, and September 30, 2026.\n\n * Declared a monthly distribution of $0.1640625 on shares of the Company’s\n7.875% Series B Term Preferred Stock due 2030 to be paid on each of July 31,\n2026, August 31, 2026, and September 30, 2026.\n\nCONFERENCE CALL\n\nThe Company will host a conference call at 2:00 p.m. (Eastern Time) today to\ndiscuss these results. All interested parties are welcome to participate in\nthe conference call via the below:\n Date/Time:                    Wednesday, May 27, 2026 – 2:00 p.m. ET    \n                                                                         \n Participant Dial-In Numbers:                                            \n (United States Toll-Free):    (800) 715-9871                            \n (International):              (646) 307-1963                            \n\n\nTo access the call, please dial-in approximately five minutes before the start\ntime and, if asked, provide the operator with Conference ID “SOUNDFQ4”.\n\nAn accompanying slide presentation is available in pdf format via the\n“Events and Presentations” section of the Company’s website\n(https://www.soundpointmeridiancap.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&index=1&md5=715aa9a6334b86c7de05825a8ba0a5bd)\n).\n\nThe call will also be simultaneously webcast over the internet via the\n“Events and Presentations” section of the Company’s website\n(https://www.soundpointmeridiancap.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&index=2&md5=b6fd25d0be15796ce6f9a1b7d6c10423)\n). Please go to the “Events and Presentations” section of the Company’s\nwebsite at least 15 minutes prior to the call to register for the call and\ndownload and install any necessary audio software.\n\nAbout the Company\n\nThe Company is an externally managed, non-diversified closed-end management\ninvestment company. The Company’s investment objective is to generate high\ncurrent income, with a secondary objective to generate capital appreciation,\nby investing primarily in third-party collateralized loan obligation\n(“CLO”) equity and mezzanine tranches of predominately U.S.\ndollar-denominated CLOs backed by corporate leveraged loans issued primarily\nto U.S. obligors. The Company is externally managed and advised by Sound Point\nMeridian Management Company, LLC, a Delaware limited liability company. For\nadditional information, visit https://www.soundpointmeridiancap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com&index=3&md5=9b47132a0b39be50946dd29382ac3a63)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release may contain “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995. Statements\nother than statements of historical facts included in this press release may\nconstitute forward-looking statements and are not guarantees of future\nperformance or results and involve a number of risks and uncertainties. Actual\nresults may differ materially from those in the forward-looking statements as\na result of a number of factors, including those described in the Company’s\nfilings with the Securities and Exchange Commission. The Company undertakes no\nduty to update any forward-looking statement made herein. All forward-looking\nstatements speak only as of the date of this press release.\n\nSource: Sound Point Meridian Capital, Inc.\n\nNOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE\n\n(1 )Weighted average effective yield is based on investments’ amortized cost\nand expected future cash flows as of the applicable period end.\n\n(2) “Cash distributions” refers to the quarterly distributions received by\nthe company from its CLO equity investments.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260527545397/en/\n(https://www.businesswire.com/news/home/20260527545397/en/)\n\nInvestor Relations:\n\nJulie Smith – Sound Point Capital\n\n(833) 217-6665\n\nir@soundpointmeridiancap.com \n(mailto:ir@soundpointmeridiancap.com) \nwww.soundpointmeridiancap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.soundpointmeridiancap.com&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=www.soundpointmeridiancap.com&index=4&md5=981f33b8feb8287609a52aa1522b2a40)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw95lRDva","title":"Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal Quarter Ended March 31, 2026","author":"Business Wire","ticker":"SPMC","created":"2026-05-27T11:00:00.610Z","tickers":["SPMC"],"exchange":"NYSE","article_body":"Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal\nQuarter Ended March 31, 2026\n\nSound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end\nmanagement investment company that has registered as an investment company\nunder the Investment Company Act of 1940, as amended (the “Company”),\ntoday announced results for the fourth fiscal quarter ended March 31, 2026.\n\nFOURTH FISCAL QUARTER ENDED MARCH 31, 2026 RESULTS\n\n\n * Net asset value per share of common stock was $9.63 as of March 31, 2026.\n\n * Net investment income (“NII”) was $7.0 million, or $0.34 per share of\ncommon stock, comprised of $15.1 million of investment income, or $0.73 per\nshare of common stock and $8.2 million of expenses, or $0.40 per share of\ncommon stock.\n\n * Realized loss on investments was $4.1 million, or ($0.20) per share of common\nstock.\n\n * Unrealized loss on investments was $77.6 million, or ($3.77) per share of\ncommon stock.\n\n * GAAP net loss was $74.7 million, or ($3.63) per share of common stock.\n\n * As of March 31, 2026, the weighted average effective yield of the Company’s\nCLO equity portfolio, based on amortized cost, was 9.1%.(1)\n\n * As of March 31, 2026, on a look-through basis, and based on the most recent\ntrustee reports received by such date:\n\n\n* The Company, through its CLO investments, had indirect exposure to\napproximately 1,540 unique underlying loans.\n\n * The largest look-through obligor represented 0.6% of the loans underlying the\nCompany’s CLO debt and equity portfolio.\n\n * The top ten largest look-through obligors together represented 4.4% of the\nloans underlying the Company’s CLO debt and equity portfolio.\n\n\n\n\nFIRST FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES\n\n\n * Management’s unaudited estimate of the net asset value per share of the\nCompany’s common stock as of April 30, 2026, was $10.57.\n\n * Received $23.4 million cash distributions from the Company’s investment\nportfolio.(2)\n\n * Declared a monthly distribution of $0.20 per share on the Company’s common\nstock to be paid on each of July 31, 2026, August 31, 2026, and September 30,\n2026.\n\n * Declared a monthly distribution of $0.16667 on shares of the Company’s 8.00%\nSeries A Term Preferred Stock due 2029 to be paid on each of July 31, 2026,\nAugust 31, 2026, and September 30, 2026.\n\n * Declared a monthly distribution of $0.1640625 on shares of the Company’s\n7.875% Series B Term Preferred Stock due 2030 to be paid on each of July 31,\n2026, August 31, 2026, and September 30, 2026.\n\nCONFERENCE CALL\n\nThe Company will host a conference call at 2:00 p.m. (Eastern Time) today to\ndiscuss these results. All interested parties are welcome to participate in\nthe conference call via the below:\n Date/Time:                    Wednesday, May 27, 2026 – 2:00 p.m. ET    \n                                                                         \n Participant Dial-In Numbers:                                            \n (United States Toll-Free):    (800) 715-9871                            \n (International):              (646) 307-1963                            \n\n\nTo access the call, please dial-in approximately five minutes before the start\ntime and, if asked, provide the operator with Conference ID “SOUNDFQ4”.\n\nAn accompanying slide presentation is available in pdf format via the\n“Events and Presentations” section of the Company’s website\n(https://www.soundpointmeridiancap.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&index=1&md5=715aa9a6334b86c7de05825a8ba0a5bd)\n).\n\nThe call will also be simultaneously webcast over the internet via the\n“Events and Presentations” section of the Company’s website\n(https://www.soundpointmeridiancap.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com%2Ffinancials%2Fevents-and-presentations%2Fdefault.aspx&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com%2F&index=2&md5=b6fd25d0be15796ce6f9a1b7d6c10423)\n). Please go to the “Events and Presentations” section of the Company’s\nwebsite at least 15 minutes prior to the call to register for the call and\ndownload and install any necessary audio software.\n\nAbout the Company\n\nThe Company is an externally managed, non-diversified closed-end management\ninvestment company. The Company’s investment objective is to generate high\ncurrent income, with a secondary objective to generate capital appreciation,\nby investing primarily in third-party collateralized loan obligation\n(“CLO”) equity and mezzanine tranches of predominately U.S.\ndollar-denominated CLOs backed by corporate leveraged loans issued primarily\nto U.S. obligors. The Company is externally managed and advised by Sound Point\nMeridian Management Company, LLC, a Delaware limited liability company. For\nadditional information, visit https://www.soundpointmeridiancap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.soundpointmeridiancap.com&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=https%3A%2F%2Fwww.soundpointmeridiancap.com&index=3&md5=9b47132a0b39be50946dd29382ac3a63)\n.\n\nFORWARD-LOOKING STATEMENTS\n\nThis press release may contain “forward-looking statements” within the\nmeaning of the Private Securities Litigation Reform Act of 1995. Statements\nother than statements of historical facts included in this press release may\nconstitute forward-looking statements and are not guarantees of future\nperformance or results and involve a number of risks and uncertainties. Actual\nresults may differ materially from those in the forward-looking statements as\na result of a number of factors, including those described in the Company’s\nfilings with the Securities and Exchange Commission. The Company undertakes no\nduty to update any forward-looking statement made herein. All forward-looking\nstatements speak only as of the date of this press release.\n\nSource: Sound Point Meridian Capital, Inc.\n\nNOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE\n\n(1 )Weighted average effective yield is based on investments’ amortized cost\nand expected future cash flows as of the applicable period end.\n\n(2) “Cash distributions” refers to the quarterly distributions received by\nthe company from its CLO equity investments.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260527545397/en/\n(https://www.businesswire.com/news/home/20260527545397/en/)\n\nInvestor Relations:\n\nJulie Smith – Sound Point Capital\n\n(833) 217-6665\n\nir@soundpointmeridiancap.com \n(mailto:ir@soundpointmeridiancap.com) \nwww.soundpointmeridiancap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.soundpointmeridiancap.com&esheet=54542274&newsitemid=20260527545397&lan=en-US&anchor=www.soundpointmeridiancap.com&index=4&md5=981f33b8feb8287609a52aa1522b2a40)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-27T11:00:00.657986956Z","server_sent_at_ms":1779879600657},"received_at":"2026-05-27T11:00:00.886Z","source_url":"https://www.businesswire.com/news/home/20260527545397/en/"},"analysis":{"id":"35503","press_release_id":"46066","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"earnings","narrative":"Sound Point Meridian Capital reported Q4 2026 results with a GAAP net loss of $74.7 million, primarily driven by $77.6 million in unrealized investment losses.\n\nOperational performance remained stable with net investment income of $7.0 million ($0.34 per share) and a weighted average effective yield of 9.1% on its CLO equity portfolio.\n\nThe company declared a monthly distribution of $0.20 per share on common stock for July, August, and September 2026, maintaining its payout policy despite the mark-to-market volatility.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine CLO fund earnings; NAV recovery in Q1 estimate suggests stabilizing credit markets."},"keyFigures":{"revenue":15100000,"customDimensions":{"clo_yield":"9.1%","nii_per_share":0.34,"nav_per_share_q4":9.63,"nav_per_share_q1_est":10.57,"net_investment_income":7000000,"underlying_loans_count":1540,"cash_distributions_received":23400000,"monthly_distribution_common":0.2,"monthly_distribution_series_a":0.16667,"monthly_distribution_series_b":0.1640625}},"quotedText":"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","namedEntities":{"people":[{"name":"Julie Smith","role":"Investor Relations"}],"products":[],"companies":[{"name":"Sound Point Meridian Capital, Inc.","ticker":"SPMC","relationship":"filer"},{"name":"Sound Point Meridian Management Company, LLC","relationship":"external manager"}],"dollarAmounts":[{"amount":"$9.63","context":"Net asset value per share as of March 31, 2026"},{"amount":"$7.0 million","context":"Net investment income for Q4"},{"amount":"$0.34","context":"Net investment income per share"},{"amount":"$15.1 million","context":"Investment income for Q4"},{"amount":"$8.2 million","context":"Expenses for Q4"},{"amount":"$4.1 million","context":"Realized loss on investments"},{"amount":"$77.6 million","context":"Unrealized loss on investments"},{"amount":"$74.7 million","context":"GAAP net loss"},{"amount":"$10.57","context":"Estimated NAV per share as of April 30, 2026"},{"amount":"$23.4 million","context":"Cash distributions received from portfolio"},{"amount":"$0.20","context":"Monthly distribution per share on common stock"},{"amount":"$0.16667","context":"Monthly distribution per share on Series A Preferred"},{"amount":"$0.1640625","context":"Monthly distribution per share on Series B Preferred"}]},"materialImpact":{"score":2,"reasoning":"Routine quarterly earnings release for a closed-end fund. The GAAP net loss is driven by unrealized mark-to-market losses ($77.6M), which are typical for CLO equity strategies and do not reflect operational failure. Net investment income ($7.0M) and the maintenance of the monthly distribution ($0.20/share) indicate stable operations. No significant surprises or strategic changes."},"tickerRelevance":{"others":[{"ticker":"SPMA","relevance":"subsidiary/preferred series"},{"ticker":"SPME","relevance":"subsidiary/preferred series"}],"primary":"SPMC"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dividend"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine_earnings","sectorWeight":"financials","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":["dividend"],"sentiment":"neutral","material_impact_score":2,"narrative":"Sound Point Meridian Capital reported Q4 2026 results with a GAAP net loss of $74.7 million, primarily driven by $77.6 million in unrealized investment losses.\n\nOperational performance remained stable with net investment income of $7.0 million ($0.34 per share) and a weighted average effective yield of 9.1% on its CLO equity portfolio.\n\nThe company declared a monthly distribution of $0.20 per share on common stock for July, August, and September 2026, maintaining its payout policy despite the mark-to-market volatility.","key_figures":{"revenue":15100000,"customDimensions":{"clo_yield":"9.1%","nii_per_share":0.34,"nav_per_share_q4":9.63,"nav_per_share_q1_est":10.57,"net_investment_income":7000000,"underlying_loans_count":1540,"cash_distributions_received":23400000,"monthly_distribution_common":0.2,"monthly_distribution_series_a":0.16667,"monthly_distribution_series_b":0.1640625}},"named_entities":{"people":[{"name":"Julie Smith","role":"Investor Relations"}],"products":[],"companies":[{"name":"Sound Point Meridian Capital, Inc.","ticker":"SPMC","relationship":"filer"},{"name":"Sound Point Meridian Management Company, LLC","relationship":"external manager"}],"dollarAmounts":[{"amount":"$9.63","context":"Net asset value per share as of March 31, 2026"},{"amount":"$7.0 million","context":"Net investment income for Q4"},{"amount":"$0.34","context":"Net investment income per share"},{"amount":"$15.1 million","context":"Investment income for Q4"},{"amount":"$8.2 million","context":"Expenses for Q4"},{"amount":"$4.1 million","context":"Realized loss on investments"},{"amount":"$77.6 million","context":"Unrealized loss on investments"},{"amount":"$74.7 million","context":"GAAP net loss"},{"amount":"$10.57","context":"Estimated NAV per share as of April 30, 2026"},{"amount":"$23.4 million","context":"Cash distributions received from portfolio"},{"amount":"$0.20","context":"Monthly distribution per share on common stock"},{"amount":"$0.16667","context":"Monthly distribution per share on Series A Preferred"},{"amount":"$0.1640625","context":"Monthly distribution per share on Series B Preferred"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-27T11:01:45.814Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine_earnings","sectorWeight":"financials","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":46090,"modelName":"george-droid-qwen-72b"}}