Sound Point Meridian Capital, Inc. (NYSE: SPMC) Q4 2025 Earnings Call | 5/29/2025

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Sound Point Meridian Capital, Inc. (NYSE: SPMC) reported Q4 2025 results on May 29, 2025, highlighting strong net investment income and continued portfolio activity in the CLO equity market. For the quarter ended March 31, 2025, the company generated net investment income (NII) of $13.4 million, or $0.66 per share, and declared monthly distributions of $0.25 per share—representing an annualized dividend yield of 15%. Net asset value (NAV) per share was $18.78, down from $20.52 in the previous quarter, primarily due to unrealized losses from market volatility, new tariff uncertainties, and reduced government spending. During Q4, Sound Point Meridian Capital deployed $70.6 million in six CLO warehouse investments and purchased four CLO equity investments with a weighted average GAAP yield of 16.15%. The company maintained significant liquidity with $9.9 million in cash and a debt level at 24.5% of total assets. As of quarter-end, the weighted average effective yield on the CLO equity portfolio was 14.0%, reflecting loan repricings in underlying portfolios, partially offset by refinancing and reset activity. Despite a GAAP net loss of $20.7 million, or $1.02 per share, Sound Point Meridian Capital remains committed to its high current income strategy and defensive portfolio positioning, sustaining distributions even amid market uncertainty. Management emphasized confidence in the company’s long-term outlook, supported by a diversified CLO portfolio and prudent capital management. About Inside Ticker: For more expert analysis and real-time updates on Sound Point Meridian Capital, Inc. (NYSE: SPMC) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #SoundPointMeridian #SPMC #EarningsCall #Q42025 #CLO #Dividend #FixedIncome #StockMarket #Investing #InsideTicker