Q4 2026 Sound Point Meridian Capital Inc Earnings Call Transcript

May 27, 2026 / 06:00 PM GMT

Release Date Price: $10.96

Transcript

Key Points

Positve

Sound Point Meridian Capital Inc (SPMC) generated net investment income of $7 million or $0.34 per share for the fourth fiscal quarter.
The company maintains a highly diversified portfolio with investments across 98 CLOs managed by 29 different managers, providing exposure to over 1,500 underlying loans spanning more than 30 industries.
SPMC announced monthly distributions for calendar Q3 2026 of $0.20 per share, unchanged from Q2 2026, indicating stability in distribution levels.
The company successfully refinanced the liabilities of two CLO equity investments, resulting in a weighted average debt cost saving of 34 basis points.
Post-quarter end, loan prices rebounded, and liability costs began tightening again, improving the refinancing optionality for SPMC's portfolio.

Negative

Net asset value (NAV) per share declined significantly from $14.02 as of December 31, 2025, to $9.63 as of March 31, 2026.
SPMC recorded a net realized loss of $4.1 million and an unrealized loss on investments of $77.6 million for the quarter.
The GAAP net loss for the quarter was $74.7 million or a loss of $3.63 per share.
The company's leverage ratio was 46.8% of total assets, indicating a relatively high level of debt.
Market conditions were challenging, with a sell-off in loans, particularly in the software sector, impacting the company's CLO equity portfolio and increasing model default rates.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SPMC.N - Sound Point Meridian Capital Inc
Q4 2026 Sound Point Meridian Capital Inc Earnings Call
May 27, 2026 / 06:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for standing by.

Soundpoint Meridian Capital refers participants on this call to the investor web page at www.soundpointmeridiancap.com for the press release, investor information and filings with the Securities and Exchange Commission and for a discussion of the risks that can affect the business.

Soundpoint Meridian Capital specifically refers participants to the presentation furnished today on the Form 8-K with the SEC, and to remind listeners that some of the comments today may contain forward-looking statements, and as such will be subject to risks and uncertainties which, if they materialize, could materially affect results.

Reference is made to

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.