SPMC announces a $0.13 monthly distribution and a six-month management fee waiver through December 2026.
Sound Point Meridian Capital Inc. (SPMC) declared a $0.13 monthly distribution for shareholders, alongside a six-month management fee waiver ending December 30, 2026. The move follows Q1 2027 net investment income of $5 million, or $0.24 per share.
In the quarter ended June 30, 2026, SPMC paid $0.60 per share in distributions, exceeding the newly announced monthly payout. The fee waiver aims to enhance shareholder returns amid stable income generation.
Management did not disclose immediate market reactions to the announcement.