secwatch.observer — SEC 8-K summary
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Issuer:     Sound Point Meridian Capital, Inc. (SPMC)
CIK:        0001930147
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001829126-24-007442
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624007442/0001829126-24-007442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930147/000182912624007442/soundpointmeridian_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-007442

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