The firm reported $17.5M in GAAP net income for Q1 2026, driven by $25.2M in unrealized investment gains.
Sound Point Meridian Capital disclosed a Q1 net asset value of $9.88 per share as of June 30, 2026. Net investment income totaled $5.1M, or $0.24 per share, while investment income reached $12.4M, or $0.59 per share.
Expenses for the quarter amounted to $7.4M, or $0.35 per share. The firm recorded a $12.8M realized loss on investments, offset by $25.2M in unrealized gains, resulting in GAAP net income of $17.5M, or $0.83 per share.