8-K
Sound Point Meridian Capital, Inc. (SPMC)
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):February 11, 2026
SOUND POINT MERIDIAN CAPITAL, INC.
(Exact name of Registrant as Specified in ItsCharter)
| Delaware | 811-23881 | 99-3083840 |
|---|---|---|
| (State or Other Jurisdiction<br><br> <br>of Incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| 375 Park Avenue, 34th Floor, New York, New York | 10152 | |
| --- | --- | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, includingarea code: (212) 895-2293
(Former Name or Former Address, if Changed SinceLast 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 February 11, 2026, Sound Point Meridian Capital, Inc. (the “Company”) issued a press release announcing declaration of both common and preferred dividends for the first fiscal quarter 2027 months ending April 30, 2026, May 31, 2026, and June 30, 2026, financial results for the third fiscal quarter ended December 31, 2025, and certain additional activity through January 31, 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 February 11, 2026 |
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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: February 11, 2026 | By: | /s/ Ujjaval Desai |
| Name: | Ujjaval Desai | |
| Title: | Chief Executive Officer |
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Exhibit99.1
SoundPoint Meridian Capital, Inc. Announces First Fiscal Quarter 2027 Common Distributions and Preferred Distributions and Results fortheThird Fiscal Quarter Ended December 31, 2025
NEW YORK – February 11, 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 the declaration of distributions on shares of the Company’s common and preferred stock for the first fiscal quarter 2027 (second calendar quarter of 2026) and results for the third fiscal quarter ended December 31, 2025.
The Company is declaring a monthly distribution of $0.20 per share on its common stock to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026.
The distributions are payable based on the following schedule:
| Record Date | Payable<br> Date | Amount<br> per common share |
|---|---|---|
| April 15,<br> 2026 | April 30,<br> 2026 | $0.20 |
| May 15,<br> 2026 | May 29, 2026 | $0.20 |
| June 15,<br> 2026 | June 30,<br> 2026 | $0.20 |
Distributions on common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2026 calendar year.
The Company is also declaring a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred Stock due 2029 (the “Series A Term Preferred Stock”) to be paid on each of April 30, 2026, May 29, 2026, and June 30, 2026.
The distributions are payable based on the following schedule:
| Record Date | Payable<br> Date | Amount<br> per common share |
|---|---|---|
| April 15,<br> 2026 | April 30,<br> 2026 | $0.16667 |
| May 15,<br> 2026 | May 29, 2026 | $0.16667 |
| June 15,<br> 2026 | June 30,<br> 2026 | $0.16667 |
The distributions on the Series A Term Preferred Stock reflect an annual distribution rate of 8.00% of the $25.00 liquidation preference per share.
The Company is also pleased to announce the declaration of distributions on shares of the Company’s 7.875% Series B Term Preferred Stock due 2030 (the “Series B Term Preferred Stock”) as follows:
| Record Date | Payable<br> Date | Amount<br> per common share |
|---|---|---|
| April 15,<br> 2026 | April 30,<br> 2026 | $0.1640625 |
| May 15,<br> 2026 | May 29, 2026 | $0.1640625 |
| June 15,<br> 2026 | June 30,<br> 2026 | $0.1640625 |
The distributions on the Series B Term Preferred Stock reflect an annual distribution rate of 7.875% of the $25.00 liquidation preference per share.
THIRDFISCAL QUARTER ENDED DECEMBER 31, 2025 RESULTS
| ● | Net<br> asset value per share of common stock was $14.02 as of December 31, 2025. |
|---|---|
| ● | Net<br> investment income (“NII”) was $9.0 million, or $0.44 per share of common stock, comprised of $18.0 million of investment<br> income, or $0.88 per share of common stock and $9.0 million of expenses, or $0.44 per share of common stock. |
| --- | --- |
| ● | Realized<br> loss on investments was $1.1 million, or ($0.05) per share of common stock. |
| --- | --- |
| ● | Unrealized<br> loss on investments was $51.8 million, or ($2.53) per share of common stock. |
| --- | --- |
| ● | GAAP<br> net loss was $43.9 million, or ($2.14) per share of common stock. |
| --- | --- |
| ● | As<br> of December 31, 2025, the weighted average effective yield of the Company’s CLO equity portfolio, based on amortized cost,<br> was 11.0%.^1^ |
| --- | --- |
| ● | As<br> of December 31, 2025, on a look-through basis, and based on the most recent trustee reports received by such date: |
| --- | --- |
| ○ | The<br> Company, through its CLO investments, had indirect exposure to approximately 1,596 unique underlying loans. |
| --- | --- |
| ○ | The<br> largest look-through obligor represented 0.6% of the loans underlying the Company’s CLO debt and equity portfolio. |
| --- | --- |
| ○ | The<br> top ten largest look-through obligors together represented 4.5% of the loans underlying the Company’s CLO debt and equity portfolio. |
| --- | --- |
FOURTHFISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES
| ● | Management’s<br> unaudited estimate of the net asset value per share of the Company’s common stock as<br> of January 31, 2026, was $13.40. |
|---|---|
| ● | Received<br> $29.6 million cash distributions from the Company’s investment portfolio.^2^ |
| --- | --- |
| ● | Declared<br> a monthly distribution of $0.20 per share on the Company’s common stock to be paid<br> on each of April 30, 2026, May 29, 2026, and June 30, 2026. |
| --- | --- |
| ● | Declared<br> a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred<br> Stock due 2029 to be paid on each of April 30, 2026, May 29, 2026, and June 30,<br> 2026. |
| --- | --- |
| ● | Declared<br> a monthly distribution of $0.1640625 on shares of the Company’s 7.875% Series B Term<br> Preferred Stock due 2030 to be paid on each of April 30, 2026, May 29, 2026, and June 30,<br> 2026. |
| --- | --- |
CONFERENCECALL
The Company will host a conference call at 11:00 a.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,<br> February 11, 2026 – 11:00 a.m. ET |
|---|---|
| Participant<br> Dial-In Numbers: | |
| (United<br> States): | (800)<br> 549-8228 |
| (International): | (646)<br> 564-2877 |
| ^1^ | Weighted<br>average effective yield is based on investments’ amortized cost and expected future cash flows as of the applicable period end. |
| --- | --- |
| ^2^ | “Cash<br>distributions” refers to the quarterly distributions received by the company from its CLO equity investments. |
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To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID “SOUNDFQ3”.
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.
Aboutthe 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-LOOKINGSTATEMENTS
Thispress release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Actof 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statementsand are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materiallyfrom those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filingswith the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. Allforward-looking statements speak only as of the date of this press release.
InvestorRelations:
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
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