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):November 13, 2025
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)) |
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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 November 13, 2025, Sound Point Meridian Capital, Inc. (the “Company”) issued a press release announcing financial results for the second fiscal quarter ended September 30, 2025, certain portfolio activity through October 31, 2025, and other updates. 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 November 13, 2025 |
1
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: November 13, 2025 | By: | /s/ Ujjaval Desai |
| Name: | Ujjaval Desai | |
| Title: | Chief Executive Officer |
2
Exhibit 99.1
Sound Point Meridian Capital, Inc. Announces Results for the Second Fiscal Quarter
Ended September 30, 2025
NEW YORK – November 13, 2025 – 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 results for the second fiscal quarter ended September 30, 2025.
SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2025 RESULTS
| ● | Net asset value per share of common stock was $16.91 as of September 30, 2025. |
|---|---|
| ● | Net investment income (“NII”) was $11.0 million, or $0.54 per share of common stock, comprised of $20.2 million of investment income, or $0.99 per share of common stock and $9.2 million of expenses, or $0.45 per share of common stock. |
| --- | --- |
| ● | Realized loss on investments was $0.9 million, or ($0.05) per share of common stock. |
| --- | --- |
| ● | Unrealized loss on investments was $27.4 million, or ($1.34) per share of common stock. |
| --- | --- |
| ● | GAAP net loss was $17.2 million, or ($0.84) per share of common stock. |
| --- | --- |
| ● | As of September 30, 2025, the weighted average effective yield of the Company’s CLO equity portfolio, based on amortized cost, was 12.0%.^1^ |
| --- | --- |
| ● | As of September 30, 2025, on a look-through basis, and based on the most recent trustee reports received by such date: |
| --- | --- |
| ○ | The Company, through its CLO investments, had indirect exposure to approximately 1,627 unique underlying loans. |
| --- | --- |
| ○ | The largest look-through obligor represented 0.6% of the loans underlying the Company’s CLO debt and equity portfolio. |
| --- | --- |
| ○ | The top ten largest look-through obligors together represented 4.5% of the loans underlying the Company’s CLO debt and equity portfolio. |
| --- | --- |
THIRD FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES
| ● | Management’s unaudited estimate of the net asset value per share of the Company’s common stock as of October 31, 2025, was $16.17. |
|---|---|
| ● | Received $24.8 million cash distributions from the Company’s investment portfolio.^2^ |
| --- | --- |
| ● | Declared a monthly distribution of $0.25 per share on the Company’s common stock to be paid on each of January 30, 2026, February 27, 2026, and March 31, 2026. |
| --- | --- |
| ● | Declared a monthly distribution of $0.16667 on shares of the Company’s 8.00% Series A Term Preferred Stock due 2029 to be paid on each of January 30, 2026, February 27, 2026, and March 31, 2026. |
| --- | --- |
| ● | Declared a monthly distribution of $0.1640625 on shares of the Company’s 7.875% Series B Term Preferred Stock due 2030 to be paid on each of January 30, 2026, February 27, 2026, and March 31, 2026. |
| --- | --- |
| ^1^ | Weighted average effective yield is based on investments’ amortized cost and expected future cash flows as of the applicable period end. |
| --- | --- |
| ^2^ | “Cash distributions” refers to the quarterly distributions received by the company from its CLO equity investments. |
| --- | --- |
CONFERENCE CALL
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: | Thursday, November 13, 2025 – 11:00 a.m. ET |
|---|---|
| Participant Dial-In Numbers: | |
| (United States): | (800) 549-8228 |
| (International): | (646) 564-2877 |
To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID “SOUNDFQ2”.
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.
About the 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-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Investor Relations:
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