Quarterly ResultMay 27, 2026, 07:11 AM
Sound Point Meridian Capital Q4 Net Loss $74.7M; April NAV $10.57
AI Summary
Sound Point Meridian Capital, Inc. announced its financial results for the fourth fiscal quarter ended March 31, 2026, reporting a GAAP net loss of $74.7 million, or ($3.63) per share, primarily due to a $77.6 million unrealized loss on investments. The net asset value per share was $9.63 as of March 31, 2026. However, the company also provided an unaudited estimated NAV per share of $10.57 as of April 30, 2026, indicating a recovery. Additionally, the company declared monthly distributions for its common and preferred stock for the upcoming quarter.
Key Highlights
- GAAP net loss was $74.7 million, or ($3.63) per share, for Q4 fiscal 2026.
- Unrealized loss on investments was $77.6 million, or ($3.77) per share.
- Net asset value per share was $9.63 as of March 31, 2026.
- Unaudited estimated NAV per share was $10.57 as of April 30, 2026.
- Net investment income was $7.0 million, or $0.34 per share.
- Declared monthly common stock distribution of $0.20 per share for July, August, and September 2026.
- Received $23.4 million cash distributions from the investment portfolio.
Price Impact
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