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Sound Point Meridian Capital, Inc. Announces Third Fiscal Quarter 2027 Common and Preferred Distributions and Results for the First Fiscal Quarter Ended June 30, 2026

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  • Sound Point Meridian Capital announced distributions for its common stock and Series A and Series B Term Preferred Stock for the third fiscal quarter of 2027 (fourth calendar quarter of 2026).
  • Common stock distributions of $0.13 per share will be paid on October 30, November 30, and December 31, 2026.
  • Series A 8.00% Term Preferred Stock distributions of $0.16667 per share will be paid on October 30, November 30, and December 31, 2026.
  • Series B 7.875% Term Preferred Stock distributions of $0.1640625 per share will be paid on October 30, November 30, and December 31, 2026.
  • Record dates for all distributions are October 15, November 13, and December 15, 2026.
  • First fiscal quarter 2026 net asset value per common share was $9.88 as of June 30, 2026.
  • First fiscal quarter 2026 net investment income was $5.1 million ($0.24 per share), while realized losses were $12.8 million ($0.60 per share).
  • Unrealized gains on investments totaled $25.2 million ($1.19 per share) resulting in GAAP net income of $17.5 million ($0.83 per share).
  • The weighted average effective yield of the CLO equity portfolio was 9.8% as of June 30, 2026.
  • The portfolio had indirect exposure to approximately 1,587 unique underlying loans, with the top ten obligors representing 4.3% of the portfolio.
  • Management estimated the net asset value per common share between $9.56 and $9.66 as of July 31, 2026.
  • The company received $16.1 million in cash distributions from its investment portfolio during the second fiscal quarter.
  • An investment adviser entered a fee waiver agreement effective July 1, 2026, reducing the annual base management fee to 1.50% and the incentive fee to 15%.
  • A conference call to discuss these results is scheduled for August 12, 2026, at 11:00 a.m. ET.