Sound Point Meridian Capital, Inc. Announces 9.1% Increase in First Calendar Quarter 2025 Common Distributions and Declares Preferred Distributions
The Company is declaring a monthly distribution of
The distributions are payable based on the following schedule:
Record Date |
Payable Date |
Amount per Common Share |
January 15, 2025 |
January 31, 2025 |
|
February 14, 2025 |
February 28, 2025 |
|
March 14, 2025 |
March 31, 2025 |
|
Distributions on common stock are generally paid from net investment income (“NII”) (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the 2024 calendar year.
The Company is also pleased to announce the declaration of distributions on shares of the Company’s
Record Date |
Payable Date |
Amount per Preferred Share |
December 13, 2024 |
December 31, 2024 |
|
January 15, 2025 |
January 31, 2025 |
|
February 14, 2025 |
February 28, 2025 |
|
March 14, 2025 |
March 31, 2025 |
|
The distributions on the Series A Term Preferred Stock reflect an annual distribution rate of
About the Company
The Company is an externally managed, non-diversified closed-end management investment company. The Company’s 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 (“CLO”) equity and mezzanine tranches of predominately
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
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Investor Relations:
Garrett Edson – ICR; Julie Smith – Sound Point Capital
(833) 217-6665
ir@soundpointmeridiancap.com
www.soundpointmeridiancap.com
Source: Sound Point Meridian Capital, Inc.