SEC Form EFFECT filed by Sound Point Meridian Capital Inc.
$SPMC
| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | October 31, 2024 2:30 P.M. |
| Form: | N-2 | ||||||
| |||||||
| UNITED STATES | |
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| Notice of Effectiveness | |
| Effectiveness Date: | October 31, 2024 2:30 P.M. |
| Form: | N-2 | ||||||
| |||||||
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $22.50 | Buy | B. Riley Securities |
B. Riley Securities initiated coverage of Sound Point Meridian Capital with a rating of Buy and set a new price target of $22.50
EFFECT - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
FWP - Sound Point Meridian Capital, Inc. (0001930147) (Subject)
497AD - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
SC 13G - Sound Point Meridian Capital, Inc. (0001930147) (Subject)
Conference Call Scheduled for Wednesday, November 13, 2024 at 11:00 a.m. ET Sound Point Meridian Capital, Inc. (NYSE:SPMC), 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 it plans to release its financial results for its second fiscal quarter ended September 30, 2024 prior to the opening of the stock market on Wednesday, November 13, 2024, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Wednesday, November 13, 2024 – 11:00 a.m. ET
Conference Call Scheduled for Thursday, August 15, 2024 at 11:00 a.m. ET Sound Point Meridian Capital, Inc. (NYSE:SPMC), 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 it plans to release its financial results for the second quarter ended June 30, 2024 prior to the opening of the stock market on Thursday, August 15, 2024, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Thursday, August 15, 2024 – 11:00 a.m. ET Pa
Sound Point Meridian Capital, Inc. (the "Company") (NYSE:SPMC) today is pleased to announce the declaration of distributions on shares of the Company's common stock. The Company is declaring a distribution of $0.30 per share on its common stock in July, which covers the period beginning with the Company's commencement of operations on June 13, 2024, through the end of July. The Company is also declaring monthly distributions of $0.20 per share on its common stock in August and September. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share July 15, 2024 July 31, 2024 $0.30 August 15, 2
Borrowings under the CIBC Credit Facility may be utilized for the Company's investment activities, working capital and general corporate purposes. Borrowings under the CIBC Credit Facility will bear interest at either (i) term SOFR plus a margin of 3.75% per annum, or (ii) the alternate base rate plus a margin of 2.75% per annum.
Oppenheimer analyst Mitchel Penn initiates coverage on Sound Point Meridian Capital, Inc. Common Stock (NYSE:SPMC) with a Outperform rating and announces Price Target of $21.
3 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
3 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
Sound Point Meridian Capital, Inc. (the "Company") (NYSE:SPMC) today announced that it has priced an underwritten public offering of 2,000,000 shares of its 8.00% Series A Preferred Shares due 2029 (the "Preferred Shares") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $48.2 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Preferred Shares are rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of Preferred Shares on t
Sound Point Meridian Capital, Inc. (the "Company") (NYSE:SPMC), an externally managed closed-end fund focused on primarily investing in equity and junior debt tranches of collateralized loan obligations, has commenced an underwritten public offering of its Series A Preferred Shares. Certain financial and other terms of the Series A Preferred Shares are to be determined by negotiations between the Company and the underwriters. The Series A Preferred Shares are rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional Series A Preferred Shares on the same terms and conditions. The Se
Conference Call Scheduled for Wednesday, November 13, 2024 at 11:00 a.m. ET Sound Point Meridian Capital, Inc. (NYSE:SPMC), 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 it plans to release its financial results for its second fiscal quarter ended September 30, 2024 prior to the opening of the stock market on Wednesday, November 13, 2024, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Wednesday, November 13, 2024 – 11:00 a.m. ET