Form 8-K
8-K — Sound Point Meridian Capital, Inc.
Accession: 0001829126-26-005693
Filed: 2026-05-27
Period: 2026-05-27
CIK: 0001930147
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — soundpointmeridian_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (soundpointmeridian_ex99-1.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): May 27, 2026
SOUND POINT MERIDIAN CAPITAL, INC.
(Exact
name of Registrant as Specified in Its Charter)
Delaware
811-23881
99-3083840
(State
or Other Jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
375 Park Avenue, 34th Floor, New York, New York
10152
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (212) 895-2293
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
SPMC
New York Stock Exchange
8.00%
Series A Preferred Stock due 2029
SPMA
New York Stock Exchange
7.875%
Series B Preferred Stock due 2030
SPME
New York Stock Exchange
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-
2 of the Securities Exchange Act of 1934.
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 – Other Events.
On May 27, 2026, Sound Point Meridian Capital,
Inc. (the “Company”) issued a press release announcing financial results for the fourth fiscal quarter ended March 31, 2026,
and certain additional activity through April 30, 2026. A copy of the press release is being filed as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
99.1
Press Release, dated May 27, 2026
1
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Sound
Point Meridian Capital, Inc.
Date:
May 27, 2026
By:
/s/
Ujjaval Desai
Name:
Ujjaval Desai
Title:
Chief Executive
Officer
2
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: soundpointmeridian_ex99-1.htm · Sequence: 2
Exhibit 99.1
Sound Point Meridian Capital, Inc. Announces Results for the Fourth Fiscal Quarter Ended March 31, 2026
NEW YORK – May 27, 2026 – 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 announced results for the fourth fiscal quarter ended March 31, 2026.
FOURTH FISCAL QUARTER ENDED MARCH 31, 2026 RESULTS
●
Net asset value per share of common stock was $9.63 as of March 31, 2026.
●
Net investment income (“NII”) was $7.0 million, or $0.34 per share of common stock, comprised of $15.1 million of investment income, or $0.73 per share of common stock and $8.2 million of expenses, or $0.40 per share of common stock.
●
Realized loss on investments was $4.1 million, or ($0.20) per share of common stock.
●
Unrealized loss on investments was $77.6 million, or ($3.77) per share of common stock.
●
GAAP net loss was $74.7 million, or ($3.63) per share of common stock.
●
As of March 31, 2026, the weighted average effective yield of the Company’s CLO equity portfolio, based on amortized cost, was 9.1%.1
●
As of March 31, 2026, on a look-through basis, and based on the most recent trustee reports received by such date:
○
The Company, through its CLO investments, had indirect exposure to approximately 1,540 unique underlying loans.
○
The largest look-through obligor represented 0.6% of the loans underlying the Company’s CLO debt and equity portfolio.
○
The top ten largest look-through obligors together represented 4.4% of the loans underlying the Company’s CLO debt and equity portfolio.
FIRST FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES
●
Management’s unaudited estimate of the net asset value per share of the Company’s common stock as of April 30, 2026, was $10.57.
●
Received $23.4 million cash distributions from the Company’s investment portfolio.2
●
Declared a monthly distribution of $0.20 per share on the Company’s common stock to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.
●
Declared a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred Stock due 2029 to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.
●
Declared a monthly distribution of $0.1640625 on shares of the Company’s 7.875% Series B Term Preferred Stock due 2030 to be paid on each of July 31, 2026, August 31, 2026, and September 30, 2026.
1
Weighted average effective yield is based on investments’ amortized cost and expected future cash flows as of the applicable period end.
2
“Cash distributions” refers to the quarterly distributions received by the company from its CLO equity investments.
CONFERENCE CALL
The Company will host a conference call at 2:00 p.m. (Eastern Time) today to discuss these results. All interested parties are welcome to participate in the conference call via the below:
Date/Time:
Wednesday, May 27, 2026 – 2:00 p.m. ET
Participant Dial-In Numbers:
(United States Toll-Free):
(800) 715-9871
(International):
(646) 307-1963
To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID “SOUNDFQ4”.
An accompanying slide presentation is available
in pdf format via the “Events and Presentations” section of the Company’s website (https://www.soundpointmeridiancap.com/).
The call will also be simultaneously webcast
over the internet via the “Events and Presentations” section of the Company’s website (https://www.soundpointmeridiancap.com/).
Please go to the “Events and Presentations” section of the Company’s website at least 15 minutes prior to the call
to register for the call and download and install any necessary audio software.
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.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
2
Investor Relations:
Julie Smith – Sound Point Capital
(833) 217-6665
ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
Source: Sound Point Meridian Capital, Inc.
NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE
3
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