Sound Point Meridian Capital (SPMC)
Provides listed exposure to CLO equity and mezzanine investments.
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Offers public-market exposure to CLO equity and mezzanine tranches backed mainly by U.S. senior secured loans. It is externally managed, with investment results tied to underlying CLO and leveraged-loan cash flows and valuations.
Designed as a publicly traded vehicle for CLO exposure, the company seeks high current income and, secondarily, capital appreciation through equity and mezzanine tranches of CLOs.
This portfolio is concentrated in third-party CLO equity and mezzanine positions backed primarily by U.S. senior secured loans issued to U.S. obligors. The company may use loan-accumulation facilities to purchase loans before a CLO is issued.
An external adviser manages investments while the board oversees the business and Sound Point Administration LLC provides administration. Cash flows and valuations depend on the underlying CLO and leveraged-loan exposures.
Company facts
Categories
Unavailable right now.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $5.8M · Total debt $60.0M · Total assets $374.5M · Shareholders' equity $198.7M
- Revenue
- $27.9M
- Operating income
- −$110.7M
- Net income
- −$118.7M
Cut to $0.13 from $0.20, declared for Oct 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 13, 2026 | Nov 13 | Nov 30 | $0.13 | upcoming |
| Oct 15, 2026 | Oct 15 | Oct 30 | $0.13 | upcoming · cut from $0.20 |
| Sep 15, 2026 | Sep 15 | Sep 30 | $0.20 | upcoming |
| Aug 14, 2026 | Aug 14 | Aug 31 | $0.20 | |
| Jul 15, 2026 | Jul 15 | Jul 31 | $0.20 | |
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.20 | |
| May 15, 2026 | May 15 | May 29 | $0.20 | |
| Apr 15, 2026 | Apr 15 | Apr 30 | $0.20 | cut from $0.25 |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.25 | |
| Feb 13, 2026 | Feb 16 | Feb 27 | $0.25 | |
| Jan 15, 2026 | Jan 15 | Jan 30 | $0.25 |
| Institutions11 holders · as of Mar 31, 2026 | 58.39% | 11.99M shares | |
| Insiders5 holders · as of Aug 28, 2026 | 1.16% | 238.3K shares | |
| Strategic holders1 holder · as of Feb 2, 2026 | 25.66% | 5.27M shares | |
| Otherremainder | 14.79% | 3.04M shares |
20.54M company shares as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Kim, LLCInstitution | 52.54% | 10.79M | 13Fas of Mar 31, 2026 |
Assured Guaranty LtdStrategic10 percent owner | 25.66% | 5.27M | Form 4filed Feb 2, 2026 ↗ |
Bank of America Corp /DE/Institution | 2.43% | 500,000 | 13Fas of Mar 31, 2026 |
Goldman Sachs Group IncInstitution | 2.31% | 475,092 | 13Fas of Mar 31, 2026 |
Stephen KetchumInsiderdirector, officer: Chairman | 0.70% | 143,091 | Form 4filed Feb 18, 2026 ↗ |
| See all 20 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Matthew E. Forstenhausler | director | +2,400 | $9.29 |
| Aug 26, 2026 | Matthew E. Forstenhausler | director | +1,600 | $9.21 |
| Aug 26, 2026 | Matthew E. Forstenhausler | director | −2,427 | $9.20 |
| Feb 13, 2026 | Stephen Ketchum | director, officer: Chairman | +1,000 | $11.40 |
| Feb 13, 2026 | Matthew E. Forstenhausler | director | +2,000 | $11.50 |
- Eagle Point Credit Company
CLO equity and junior-debt closed-end fund on the NYSE
- OFS Credit Company
Nasdaq closed-end fund centered on CLO equity and debt
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sound Point Meridian Capital | $9.76 | 0.00% | $200.4M | — | — | 1.9 | −37.0% |
| Eagle Point Credit Company | $3.86 | −0.68% | $511.6M | — | 5.5 | 64.2 | −21.7% |
| OFS Credit Company | $2.56 | −0.39% | $75.2M | — | 2.6 | 2.1 | −83.3% |
| Median | — | 4.1 | 33.2 | −52.5% |