Sound Point Meridian fiscal Q1 net investment income drops to $0.24 a share; net income turns to $0.83 a share - SPMC News | RalliesSound Point Meridian fiscal Q1 net investment income drops to $0.24 a share; net income turns to $0.83 a share
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SPMC• Fiscal Q1 results
- Sound Point Meridian Capital posted GAAP net investment income of $0.24 a share for fiscal Q1 ended June 30, 2026.
- GAAP net income was $0.83 a share as $25.18 million of unrealized gains offset a $12.78 million realized loss.
- NAV per common share was $9.88 at quarter-end; distributions paid totaled $0.60 a share.
Portfolio and leverage
- Portfolio fair value excluding cash was $363.24 million.
- Leverage stood at 45.7% on $171.73 million of borrowings.
Distributions and refinancing
- The company declared monthly distributions of $0.20 a share for July-September 2026.
- It also refinanced 13 CLOs, cutting debt costs by 36.56 bps.
