Sound Point Meridian reports Q2 fiscal 2024 NAV $19.59, net income $7.6M; monthly dividend raised to $0.24

Sound Point Meridian Capital, Inc.

NAV per share $19.59; net investment income $17.5M ($0.86/share); GAAP net income $7.6M ($0.38/share).
Monthly dividend increased 9.1% to $0.24/share for Jan-Mar 2025 from prior $0.22.
Priced public offering of 2M Series A Preferred Shares due 2029, net proceeds ~$48.2M.
Entered $100M NAV revolving credit facility with CIBC, expandable to $125M; leverage 8.7%.
Issued 175k shares ($3.5M) from IPO overallotment; CLO equity portfolio yield 15.7%.

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