Sound Point Meridian Capital reports estimated Q2 net asset value per share
Investing.com
Published Jul 09, 2025 06:16AM ET
Sound Point Meridian Capital , Inc. (NYSE:SPMC) provided management’s unaudited estimates for its financial results as of June 30, 2025, according to a statement released in a recent SEC filing.
The company’s management estimated that the net asset value per share of its common stock ranged between $18.45 and $18.55 as of June 30. For the quarter ended June 30, management’s unaudited estimate of net investment income was between $0.48 and $0.58 per share of common stock. The estimated range for realized gain or loss was between $0.04 and a loss of $0.06 per share.
Sound Point Meridian Capital’s common stock and 8.00% Series A Preferred Stock due 2029 (NYSE:SPMA) are listed on the New York Stock Exchange.
These estimates were disclosed in a press release statement filed with the Securities and Exchange Commission on Tuesday.
In other recent news, Sound Point Meridian Capital, Inc. announced the launch of an underwritten public offering for its Series B Preferred Shares. These shares have received a 'BBB' rating from Egan-Jones Ratings Company. The company plans to list these shares on the New York Stock Exchange within 30 days of issuance. Financial terms of the offering will be negotiated between Sound Point Meridian and the underwriters, with a 30-day option for underwriters to purchase additional shares under the same terms. Oppenheimer & Co. Inc., B. Riley Securities, Inc., Janney Montgomery Scott LLC, Lucid (NASDAQ:LCID) Capital Markets, LLC, and Piper Sandler & Co. are acting as joint bookrunners for this offering. A.G.P./Alliance Global Partners (NYSE:GLP) LLC and Clear Street LLC are serving as co-managers. Sound Point Meridian Capital's primary investment objective is to generate high current income by investing in equity and junior debt tranches of collateralized loan obligations. A registration statement for the securities has been filed with and declared effective by the Securities and Exchange Commission.
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