Sound Point Meridian Capital Reports Management’s Estimate of Net Asset Value

Sound Point Meridian Capital, Inc. (NYSE:SPMC) submitted a Current Report on Form 8-K to the Securities and Exchange Commission on November 30, 2024. In the report, the company, based in Delaware, provided unaudited estimates of the range of the net asset value per share of its common stock.

According to the report, as of November 30, 2024, Sound Point Meridian Capital estimated that the net asset value per share of its common stock fell within a range between $20.50 and $20.60. The company’s common stock is listed on the New York Stock Exchange under the trading symbol SPMC.

Sound Point Meridian Capital also has 8.00% Series A Preferred Stock due 2029, which is listed under the trading symbol SPMA on the New York Stock Exchange.

As per the filing, Sound Point Meridian Capital has confirmed that it is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933. Additionally, the company stated that it has not elected to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

The report was duly signed by Ujjaval Desai, the Chief Executive Officer of Sound Point Meridian Capital, on behalf of the company, meeting the requirements of the Securities Exchange Act of 1934.

This information was shared in compliance with the regulatory obligations and transparency requirements set forth by the Securities Exchange Commission. For more details, interested parties can access the full filing on the SEC’s website under Sound Point Meridian Capital’s profile.

This article serves as a summary of the key points disclosed in Sound Point Meridian Capital’s recent Form 8-K filing with the SEC.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sound Point Meridian Capital’s 8K filing here.

Sound Point Meridian Capital Company Profile

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches.