Sound Point Meridian, Q1 NAV $9.88, Cuts Monthly Dividend

SPMC Sound Point Meridian Capital Inc

$8.23 -0.24%

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1. 1Sound Point Meridian Capital (SPMC) reported Q1 net asset value per share of $9.88, up from the prior quarter.
2. 2Net investment income came in at $0.24 per share, while net realized losses for the quarter totaled $12.8 million.
3. 3The board reduced the monthly dividend to $0.13 per share to better align with expected returns and preserve long-term NAV.

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