Sound Point Meridian Capital Inc.

05/20/2026 | Press release | Distributed by Public on 05/20/2026 15:21

SOUND POINT MERIDIAN CAPITAL, INC. ANNOUNCES SECOND FISCAL QUARTER 2027 COMMON and Preferred Distributions (Form 8-K)

SOUND POINT MERIDIAN CAPITAL, INC.

ANNOUNCES SECOND FISCAL QUARTER 2027

COMMON and Preferred Distributions

May 20, 2026

NEW YORK, NEW YORK - 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 is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the second fiscal quarter 2027 (third calendar quarter of 2026).

The Company is declaring a monthly distribution of $0.20 per share on its common stock to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.

The distributions will be payable according to the following schedule:

Record Date Payable Date Amount per common share
July 15, 2026 July 31, 2026 $0.20
August 14, 2026 August 31, 2026 $0.20
September 15, 2026 September 30, 2026 $0.20

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 2026 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 July 31, 2026, August 31, 2026, and September 30, 2026.

The distributions will be payable according to the following schedule:

Record Date Payable Date Amount per preferred share
July 15, 2026 July 31, 2026 $0.16667
August 14, 2026 August 31, 2026 $0.16667
September 15, 2026 September 30, 2026 $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
July 15, 2026 July 31, 2026 $0.1640625
August 14, 2026 August 31, 2026 $0.1640625
September 15, 2026 September 30, 2026 $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.

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.

Sound Point Meridian Capital Inc. published this content on May 20, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 20, 2026 at 21:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]