secwatch.observer — SEC 8-K summary
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Issuer:     Sound Point Meridian Capital, Inc. (SPMC)
CIK:        0001930147
Form:       8-K
Filed at:   2026-08-12T11:00:31+00:00
Accession:  0001829126-26-008651
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930147/000182912626008651/0001829126-26-008651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930147/000182912626008651/soundpointmeridian_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-008651

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer