| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $22.50 | Buy | B. Riley Securities |
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 results for the third fiscal quarter ended December 31, 2024. THIRD FISCAL QUARTER ENDED DECEMBER 31, 2024 RESULTS Net asset value per share of common stock was $20.52 as of December 31, 2024. Net investment income ("NII") was $12.5 million, or $0.62 per share of common stock, comprised of $20.0 million of investment income, or $0.99 per share of common stock and $7.5 million of expenses, or $0.37 per share of common stock. 97% of NII was recurring GAAP i
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the first fiscal quarter 2026 (second calendar quarter of 2025). The Company is declaring a monthly distribution of $0.25 per share on its common stock to be paid on each of April 30, 2025, May 30, 2025, and June 30, 2025. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share Apr
Conference Call Scheduled for Wednesday, February 12, 2025 at 10:00 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 third fiscal quarter ended December 31, 2024 prior to the opening of the stock market on Wednesday, February 12, 2025, and discuss these results in a conference call at 10:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Wednesday, February 12, 2025 – 10:00 a.m. ET
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 results for the second fiscal quarter ended September 30, 2024. SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2024 RESULTS Net asset value per share of common stock was $19.59 as of September 30, 2024. Net investment income was $17.5 million, or $0.86 per share of common stock, comprised of $25.1 million of investment income, or $1.24 per share, and $7.7 million of expenses, or $0.38 per share. Realized and unrealized loss on investments was $9.9 million, or
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the first calendar quarter of 2025 (fiscal fourth quarter 2025). The Company is declaring a monthly distribution of $0.24 per share on its common stock, a 9.1% increase from the prior monthly distribution of $0.22 per share, on each of January 31, 2025, February 28, 2025, and March 31, 2025. The distributions are payable based on the following schedule: Recor
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
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, financial results for the period ended June 30, 2024 and certain additional activity through July 31, 2024. DISTRIBUTIONS The Company is declaring a monthly distribution of $0.22 per share on its common stock on each of October 31, November 29 and December 31. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share October 15, 2024 October 31, 2024 $0.22 November 15, 2024 November 29, 2024 $0.22 December
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
8-K - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
8-K - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
CERT - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
8-A12B - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
424B1 - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
EFFECT - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
FWP - Sound Point Meridian Capital, Inc. (0001930147) (Subject)
497AD - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
497AD - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
N-2/A - Sound Point Meridian Capital, Inc. (0001930147) (Filer)
SC 13G - Sound Point Meridian Capital, Inc. (0001930147) (Subject)
B. Riley Securities initiated coverage of Sound Point Meridian Capital with a rating of Buy and set a new price target of $22.50
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
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4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
3 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
5 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
4 - Sound Point Meridian Capital, Inc. (0001930147) (Issuer)
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 results for the third fiscal quarter ended December 31, 2024. THIRD FISCAL QUARTER ENDED DECEMBER 31, 2024 RESULTS Net asset value per share of common stock was $20.52 as of December 31, 2024. Net investment income ("NII") was $12.5 million, or $0.62 per share of common stock, comprised of $20.0 million of investment income, or $0.99 per share of common stock and $7.5 million of expenses, or $0.37 per share of common stock. 97% of NII was recurring GAAP i
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the first fiscal quarter 2026 (second calendar quarter of 2025). The Company is declaring a monthly distribution of $0.25 per share on its common stock to be paid on each of April 30, 2025, May 30, 2025, and June 30, 2025. The distributions are payable based on the following schedule: Record Date Payable Date Amount per common share Apr
Conference Call Scheduled for Wednesday, February 12, 2025 at 10:00 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 third fiscal quarter ended December 31, 2024 prior to the opening of the stock market on Wednesday, February 12, 2025, and discuss these results in a conference call at 10:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Wednesday, February 12, 2025 – 10:00 a.m. ET
Sound Point Meridian Capital, Inc. (NYSE:SPMC, SPMA)), 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the first calendar quarter of 2025 (fiscal fourth quarter 2025). The Company is declaring a monthly distribution of $0.24 per share on its common stock, a 9.1% increase from the prior monthly distribution of $0.22 per share, on each of January 31, 2025, February 28, 2025, and March 31, 2025. The distributions are payable based on the following schedule: Recor
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