Sound Point Meridian Capital, Inc. Announces Common Second Fiscal Quarter 2024 Distributions

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Sound Point Meridian Capital (NYSE: SPMC) has announced distributions on its common stock for the second fiscal quarter of 2024. Shareholders will receive $0.30 per share in July, covering the period from June 13, 2024, through the end of July. Additionally, monthly distributions of $0.20 per share will be made in both August and September. The distribution dates are as follows: July 31, 2024 ($0.30 per share), August 30, 2024 ($0.20 per share), and September 30, 2024 ($0.20 per share). These distributions are generally paid from net investment income and may include capital gains or a return of capital. The tax characteristics of the distributions will be detailed on Form 1099 for shareholders after the end of 2024.

Positive

• Declaration of distributions totaling $0.70 per share for Q2 2024.
• Regular monthly distributions of $0.20 per share in August and September.

Negative

• Distribution amounts decrease from $0.30 per share in July to $0.20 per share in August and September.

NEW YORK--(BUSINESS WIRE)-- Sound Point Meridian Capital, Inc. (the “Company”) (NYSE: SPMC) today is pleased to announce the declaration of distributions on shares of the Company’s common stock.

The Company is declaring a distribution of $0.30 per share on its common stock in July, which covers the period beginning with the Company’s commencement of operations on June 13, 2024, through the end of July. The Company is also declaring monthly distributions of $0.20 per share on its common stock in August and September.

The distributions are payable based on the following schedule:

Record Date	Payable Date	Amount per common share
July 15, 2024	July 31, 2024	$0.30
August 15, 2024	August 30, 2024	$0.20
September 16, 2024	September 30, 2024	$0.20

Distributions on common stock are generally paid from net investment income (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.

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 U.S. dollar-denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC. The Company’s public filings are available free of charge by writing to the Company at Sound Point Meridian Capital, Inc., 375 Park Avenue, 34^th Floor, New York, NY 10152, Attention: Investor Relations, or by telephone at (833) 217-6665.

Web: www.soundpointmeridiancap.com

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 prospectus and the Company’s other filings with the SEC. 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.

NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

View source version on businesswire.com: https://www.businesswire.com/news/home/20240627991134/en/

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.

FAQ

What distributions did Sound Point Meridian Capital (SPMC) announce for Q2 2024?

Sound Point Meridian Capital (SPMC) announced distributions of $0.30 per share in July and $0.20 per share for both August and September of Q2 2024.

When will Sound Point Meridian Capital (SPMC) pay the announced distributions?

The distributions will be paid on July 31, 2024, August 30, 2024, and September 30, 2024.

How much is the distribution per share for Sound Point Meridian Capital (SPMC) in July 2024?

The distribution per share for July 2024 is $0.30.

What is the amount of the distribution per share for Sound Point Meridian Capital (SPMC) in August and September 2024?

The distribution per share for both August and September 2024 is $0.20.

From what sources are the distributions by Sound Point Meridian Capital (SPMC) generally paid?

The distributions are generally paid from net investment income and may include capital gains or a return of capital.