Sound Point Meridian Capital, Inc. Announces Common Second Fiscal Quarter 2024 Distributions
June 27 2024 - 5:02PM
Business Wire
Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC)
today is pleased to announce the declaration of distributions on
shares of the Company’s common stock.
The Company is declaring a distribution of $0.30 per share on
its common stock in July, which covers the period beginning with
the Company’s commencement of operations on June 13, 2024, through
the end of July. The Company is also declaring monthly
distributions of $0.20 per share on its common stock in August and
September.
The distributions are payable based on the following
schedule:
Record Date
Payable Date
Amount per common share
July 15, 2024
July 31, 2024
$0.30
August 15, 2024
August 30, 2024
$0.20
September 16, 2024
September 30, 2024
$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 2024
calendar year.
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. The Company’s public
filings are available free of charge by writing to the Company at
Sound Point Meridian Capital, Inc., 375 Park Avenue, 34th Floor,
New York, NY 10152, Attention: Investor Relations, or by telephone
at (833) 217-6665.
Web: 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
prospectus and the Company’s other filings with the SEC. 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.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
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version on businesswire.com: https://www.businesswire.com/news/home/20240627991134/en/
Investor Relations: Garrett Edson – ICR; Julie Smith – Sound
Point Capital (833) 217-6665 ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
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