SPMC reports Q1 FY27 NAV $9.88, NII $0.24/sh; declares $0.13 monthly distribution

Sound Point Meridian Capital, Inc.

Q1 FY27 (June 30, 2026): NAV $9.88/sh; NII $5.1M ($0.24/sh); GAAP net income $17.5M ($0.83/sh).
Realized loss $12.8M, unrealized gain $25.2M; CLO equity portfolio yield 9.8%.
Declared monthly common distribution $0.13 for Oct/Nov/Dec 2026; preferred distributions at 8.00% and 7.875% rates.
Fee waiver: base management fee cut from 1.75% to 1.50%; incentive fee from 20% to 15% for Jul-Dec 2026.
July 31, 2026 estimated NAV per share range $9.56-$9.66; received $16.1M cash distributions from portfolio.

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