Sound Point Meridian posts NAV $19.91, declares $0.22/month distribution; Q2 net loss $0.07/share

Sound Point Meridian Capital, Inc.

NAV per share $19.91 as of June 30, 2024; net loss of $1.47M ($0.07 per share) for 18-day period since IPO.
NII of $1.54M ($0.08/share); investment income $2.4M; CLO equity portfolio yield 17.0%.
Monthly distributions declared at $0.22/share for Oct, Nov, Dec 2024; payable Oct 31, Nov 29, Dec 31.
Post-quarter: $100M net asset value revolver with CIBC; deployed $45M primary/secondary + $32.8M loan accumulation.
IPO raised $80M at $20/share (4M shares); overallotment added $3.5M (175k shares).

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