Sound Point Meridian Capital (NYSE:SPMC) Provides Unaudited Estimate of Net Asset Value per Share

Sound Point Meridian Capital, Inc. recently disclosed in an 8-K filing with the Securities and Exchange Commission that as of December 31, 2024, the unaudited estimate of the net asset value per share of its common stock ranged between $20.47 and $20.57.

The company, with its principal executive offices located at 375 Park Avenue, 34th Floor, in New York, NY, reported this range in compliance with Section 8.01 – Other Events, as outlined in the filing. Sound Point Meridian Capital, Inc., a Delaware corporation, indicated that the estimate was reflective of the net asset value of its common stock at the specified date.

Sound Point Meridian Capital, Inc. is traded on the New York Stock Exchange under the symbols SPMC for its Common Stock with a par value of $0.001 per share, and SPMA for its 8.00% Series A Preferred Stock due in 2029.

The filing was signed on January 8, 2025, by Ujjaval Desai, the Chief Executive Officer of Sound Point Meridian Capital, Inc., as per the regulatory requirements of the Securities Exchange Act of 1934.

This unaudited estimation of the net asset value per share provides investors and stakeholders with insight into Sound Point Meridian Capital’s financial standing as of the specified date. The actual audited financial results will provide a more precise picture in the near future.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sound Point Meridian Capital’s 8K filing here.

Sound Point Meridian Capital Company Profile

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches.