Sound Point Meridian Capital Reports Estimated September NAV per Share Range of $19.55-$19.65

Sound Point Meridian Capital, Inc.

Management's unaudited estimate of NAV per share as of September 30, 2024, ranges from $19.55 to $19.65.
As of September 30, SPMC's closing stock price was $19.77, implying a 0.87% premium to the estimated midpoint NAV.
The September 2024 monthly newsletter shows a 5.28% YTD total return and a current dividend yield of 12.14%.
The portfolio is 94.71% CLO equity; top managers include AGL CLO Credit Management (13.40%) and KKR Financial (12.91%).
Underlying collateral is 97.35% first lien loans with a weighted average spread of 3.50% and a Moody's rating factor of 2,757.

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