Sound Point Meridian Capital Mutual Fund (SPMC)
NYSE NYSE Primary 
XFRA Summary
SPMC Chart
Sound Point Meridian Capital, Inc. (SPMC) Q4 Earnings and Revenues Lag Estimates
Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.66 per share a year ago.
Sound Point Meridian Capital, Inc. (SPMC) Misses Q3 Earnings and Revenue Estimates
Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.62 per share a year ago.
SPMC: Caught In The CLO Credit Cycle Conundrum
Sound Point Meridian Capital Inc. remains a Buy despite a -35% price drop and -23% total return since December 2024. SPMC trades at a -4.9% NAV discount and yields nearly 22% with a $0.25 monthly distribution declared through March 2026. 2025 saw CLO equity underperform due to market volatility, rising defaults, and sector-specific fears, but 2026 is expected to bring recovery.
Sound Point Meridian Capital Mutual Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| RS Ranga Srinivasan Everest Management Corp | 79,798 | $1.41M | $926,454.78 | -$481,380.39 | -34.19% |
Sound Point Meridian Capital Mutual Fund (SPMC) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Sound Point Meridian Capital Mutual Fund ever had a stock split?
Sound Point Meridian Capital Mutual Fund Profile
| NYSE Exchange | US Country |
Overview
Sound Point Meridian Capital, LLC is a U.S.-based closed-end management investment company, positioned within the finance industry, specifically focusing on investments related to collateralized loan obligations (CLOs). Founded in 2022, and headquartered in New York, New York, the company leverages its expertise in below-investment grade U.S. senior secured loans to provide its investors with potentially high returns. This strategic focus on equity and mezzanine tranches of CLOs distinguishes Sound Point Meridian Capital from conventional investment firms, enabling it to cater to a niche market of investors seeking opportunities in high-yield, secured loan investments.
Products and Services
- Investment in Equity Tranches of CLOs
- Investment in Mezzanine Tranches of CLOs
This product focuses on purchasing equity stakes in collateralized loan obligations, which are the most junior tranches but offer potentially higher returns compared to senior tranches. These investments are suitable for investors seeking high-risk, high-reward opportunities, as they are primarily backed by below-investment grade U.S. senior secured loans.
Sound Point Meridian Capital also specializes in investing in mezzanine tranches of CLOs, which are positioned between the senior tranches and equity tranches in the capital structure. These investments provide a balance between risk and return, offering investors potentially higher yields than senior tranches with a relatively lower risk compared to equity tranches. Mezzanine investments are typically collateralized by portfolios of below-investment grade loans, aiming to secure income through interest payments and capital gains.
