secwatch.observer — SEC 8-K summary
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Issuer:     Sound Point Meridian Capital, Inc. (SPMC)
CIK:        0001930147
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001829126-24-006773
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624006773/0001829126-24-006773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624006773/soundpoint_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-006773

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