Sound Point Meridian Capital Declares Distributions for 2026

Sound Point Meridian Capital, Inc. Distribution Announcement

Sound Point Meridian Capital, Inc. (NYSE: SPMC), a notable closed-end management investment company, has declared its latest distributions for shares of common and preferred stock for the first fiscal quarter of 2026. This significant announcement showcases the company’s commitment to delivering value to its investors.

Details of Common Stock Distributions

For this quarter, the company will distribute a monthly payment of $0.25 per share on its common stock. Participants can expect distributions on the 30th of April, May, and June for this fiscal period. This trend is a manifestation of the company’s steady performance and its aim to provide continuous returns to shareholders.

Distribution Schedule for Common Shares

The distribution schedule is as follows:

Record Date: April 15, 2025
Payable Date: April 30, 2025
Amount: $0.25

Record Date: May 15, 2025
Payable Date: May 30, 2025
Amount: $0.25

Record Date: June 13, 2025
Payable Date: June 30, 2025
Amount: $0.25

Preferred Stock Distribution Details

In addition to the common stock distributions, Sound Point Meridian Capital has also declared distributions on its 8.00% Series A Term Preferred Stock, making it attractive for those seeking stable income streams.

The following is the distribution schedule for the Series A Term Preferred Stock:

Distribution Schedule for Preferred Shares

Record Date: April 15, 2025
Payable Date: April 30, 2025
Amount: $0.16667 per share

Record Date: May 15, 2025
Payable Date: May 30, 2025
Amount: $0.16667 per share

Record Date: June 13, 2025
Payable Date: June 30, 2025
Amount: $0.16667 per share

Understanding the Distribution Sources

Distributions on the common stock are generally sourced from net investment income, which includes regular interest and dividends. At times, they may also involve capital gains and/or returns of capital, ensuring that the shareholders are well-informed of their benefits via Form 1099 after the fiscal year concludes.

Furthermore, the distribution relating to the Series A Term Preferred Stock reflects an annual distribution rate of 8.00% based on a liquidation preference of $25.00 per share, highlighting the company’s reliability in providing consistent returns to its preferred shareholders.

About Sound Point Meridian Capital, Inc.

Sound Point Meridian Capital, Inc. is an externally managed, non-diversified closed-end management investment company focused on generating high current income with hopes for capital appreciation. Its investments largely comprise third-party collateralized loan obligations (CLOs), particularly in equity and mezzanine tranches predominantly consisting of U.S. dollar-denominated CLOs backed by corporate leveraged loans.

Sound Point Meridian Management Company, LLC, a Delaware limited liability company, actively manages and advises the investment strategies of the company. For more information about the company and its offerings, its official website is a great resource.

Frequently Asked Questions

What does the distribution announcement by Sound Point Meridian Capital signify?

This announcement means that the company is committed to rewarding its shareholders through regular distributions from their earnings.

How often is the common stock distribution paid?

The common stock distribution is declared on a monthly basis, with set payable dates throughout each quarter.

What is the annual distribution rate of the preferred stock?

The preferred stock has an annual distribution rate of 8.00%, which is based on a $25.00 liquidation preference per share.

How are distributions typically funded?

Distributions primarily come from net investment income, which includes both interest and dividends, and may also include capital gains.

Who manages Sound Point Meridian Capital?

The company is externally managed by Sound Point Meridian Management Company, LLC, helping to ensure strategic investment decisions.

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