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

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SPMC
SPMC Sound Point Meridian Capital Inc
$9.83 -8.73%
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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.

This 3-line summary is compiled from the report below.

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