Sound Point Meridian Capital Mutual Fund (SPMC)
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XFRA 
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.
South Pacific Metals Announces New OTCQB Marketplace Listing Under SPMEF
VANCOUVER, BC / ACCESSWIRE / September 10, 2024 / South Pacific Metals Corp. (TSXV:SPMC)(OTCQB:SPMEF)(FSE:6J00) ("SPMC" or the "Company") is pleased to announce its common shares have commenced trading on the OTCQB marketplace under the symbol "SPMEF." "South Pacific is making significant headway with exploration efforts across PNG's Kainantu District, and it's the right time to increase our investor visibility and accessibility to U.S. capital markets," said Michael Murphy, Executive Chairman.
South Pacific Metals Reports Exceptional Surface Trenching Results at Osena Gold-Copper Project, Including 8.82g/t Gold Sample at Ontenu Prospect, Kainantu District
Assays Confirm Mineralization Across Entire 79 m trench, Including 4 m Averaging 4.52g/t Au VANCOUVER, BC / ACCESSWIRE / August 27, 2024 / South Pacific Metals Corp. (TSXV:SPMC)(FSE:6J00) ("SPMC" or the "Company"), an emerging gold-copper exploration company operating in the heart of Papua New Guinea's proven production corridors, is pleased to announce initial assay results from its Osena Gold-Copper Project surface exploration program, completed September 2023 at the Ontenu Prospect and surrounding areas. Highlights: Trench 1 returned significant results including a peak trench rock sample value of 8.82 g/t Au, 13.8 g/t Ag, 0.25% Cu, 580 ppm Mo, 0.93% Zn.
