Sound Point Meridian Capital, Inc.
SPME
New York Stock Exchange25.59
USD
+0.26
- -
Sound Point Meridian Capital, Inc.
SPME
(New York Stock Exchange)
Recent
price
25.59
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Sound Point Meridian Capital, Inc. is a U.S.-based externally managed, non-diversified closed-end investment company that primarily invests in third-party collateralized loan obligations (CLO) equity and mezzanine tranches of U.S.-dollar-denominated CLOs, which are backed by pools of leveraged loans issued to U.S. obligors. The firm aims to generate high current income with a secondary objective of capital appreciation, deploying capital across CLOs to access exposure to leveraged loan markets while seeking favorable cash flow through reinvestment and refinancing opportunities. Headquartered in New York, New York, the company operates as an investment vehicle in the U.S. market with funding and distribution channels aligned to public equity and fixed-income markets, including specialized institutional and accredited investor bases. Sound Point Meridian Capital was founded in 2022 and operates as a managed vehicle under external management arrangements, with a focus on CLO equity and mezzanine positions as its core product set. Primary product categories include CLO equity investments, CLO mezzanine tranche investments, and related income-generating securities derived from collateralized loan obligations, alongside opportunistic allocations to compatible credit assets and trading activities within the CLO umbrella. The company’s geographic footprint is predominantly United States-centric, with investment activity concentrated in U.S.-denominated CLOs and related structured credit assets, and it maintains regulatory and reporting frameworks consistent with U.S. securities laws and exchange listings. Subsidiary or affiliate relationships exist within the Sound Point Meridian platform, supporting investment management, administration, and capital deployment across CLO-related strategies and associated financing facilities. Recent strategic actions include refinancings and portfolio repositioning to optimize reinvestment horizons and cash flow, enhancements to debt facilities to increase capacity and flexibility, and ongoing adjustments to portfolio composition in response to evolving credit markets and interest-rate dynamics. These developments accompany ongoing filings and disclosures in line with U.S. regulatory requirements and public market expectations for income-focused closed-end funds.
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Sound Point Meridian Capital Term Preferred Stock