Sound Point Meridian Capital Mutual Fund (SPMC)
NYSE NYSE Primary 
XFRA 
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, Inc. (SPMC) Misses Q2 Earnings and Revenue Estimates
Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.86 per share a year ago.
Sound Point Meridian Capital Inc (SPMC) Q4 2025 Earnings Call Transcript
Sound Point Meridian Capital Inc (NYSE:SPMC ) Q4 2025 Earnings Conference Call May 29, 2025 11:00 AM ET Company Participants Julie Smith - IR Ujjaval Desai - CEO Kevin Gerlitz - CFO Conference Call Participants Erik Zwick - Lucid Capital Markets Tim D'Agostino - B. Riley Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital Inc Fourth Fiscal Quarter Ended March 31, 2025 Earnings Conference Call.
Will Sound Point Meridian Capital, Inc. (SPMC) Beat Estimates Again in Its Next Earnings Report?
Sound Point Meridian Capital, Inc. (SPMC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
2 High-Yield Picks From ECC And SPMC - Yields Up To 9%
CLO equity is popular but often overvalued; fixed income instruments from ECC and SPMC offer more attractive risk-adjusted returns. ECCW Baby Bond offers a 6.75% annual dividend, trading at $23 with an 8.92% yield to maturity, poised to outperform the common stock. SPMA preferred stock provides an 8% annual dividend, trading at $24.49 with an 8.9% yield to maturity, and is relatively safe due to the low leverage of the company.
The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In
The Magnificent Seven stocks led a bull run from late 2022 to 2024, but 2025's market correction reveals vulnerabilities, offering opportunities in high-yield CLO equity funds. CLO equity funds, like SPMC, CCIF, and OCCI, provide high-yield income uncorrelated to stock market performance, making them attractive during market downturns. SPMC, new in 2024, has increased distributions thrice, showing strong performance and resilience, yielding about 14% despite broader market selloffs.
SPMC: Outperformance And Income Growth Catalysts For This 13.7% Yielding CEF
SPMC's Q4 results show a net investment income of $0.62 per share, with NAV rising by nearly 5% due to significant realized and unrealized gains. The fund focuses on the primary CLO market for cleaner portfolios and plans to increase leverage to 27%, still low for the sector. Net income should benefit further from incremental leverage and additional CLO resets.
Sound Point Meridian Capital Inc (SPMC) Q3 2025 Earnings Call Transcript
Sound Point Meridian Capital Inc (NYSE:SPMC ) Q3 2025 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Peter Sceusa - Investor Relations Ujjaval Desai - Chief Executive Officer Kevin Gerlitz - Chief Financial Officer Conference Call Participants Randy Binner - B. Riley Erik Zwick - Lucid Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital, Inc. Third Fiscal Quarter Ended December 31, 2024 Earnings Conference Call.
SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%
Sound Point Meridian Capital Inc., a new closed-end fund investing in CLO Equity, is rated a Buy due to strong performance, high-yield dividends, and solid backing from reputable institutions. The CLO Equity market has historically delivered over 12% annual returns, with positive outlooks for 2025 as interest rates fall and refinancing opportunities increase. SPMC's monthly dividend has increased to $0.24 per share, offering a competitive annual yield of about 13%, supported by a diversified portfolio of 70+ CLOs.
SPMC: Not The Right Time To Leverage Up, Preferred Shares Look Better
SPMC predominantly invests in CLO equity tranches, with about 95% of its portfolio consisting of these high-yield but high-risk instruments. The remaining investments include warehouse debt and CLO debt. SPMC has not utilized leverage as of its Q2 2024 financials but has secured a revolving credit facility of $100 million, extendable up to $125 million, at competitive interest rates. SPMC announced a public offering of 8.00% Series A Preferred Shares, resulting in $48.2 million in proceeds. These shares are rated ‘BBB' by Egan-Jones and are expected to trade.
