Loading news...
We review the CEF market valuation and performance through the third week of February and highlight recent market action. CEF sector NAVs were stable, with price action mainly driven by tightening discounts. CLO Equity CEF OXLC experienced a 12% NAV drop in January, pressured by tighter loan spreads and sector-specific credit issues.
Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.62 per share a year ago.
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced the declaration of distributions on shares of the Company's common and preferred stock for the first fiscal quarter 2027 (second calendar quarter of 2026) and results for the third fiscal quarter ended December 31, 2025. The Company is d.
KKR and Co. Inc. (NYSE: KKR - Get Free Report) and Sound Point Meridian Capital (NYSE: SPMC - Get Free Report) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, analyst recommendations, earnings, profitability and dividends. Risk and Volatility KKR
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced it plans to release its financial results for its third fiscal quarter ended December 31, 2025 prior to the opening of the stock market on Wednesday, February 11, 2026, and discuss these results in a conference call at 11:00 a.m. ET. All interested.
Sound Point Meridian Capital (NYSE: SPMC - Get Free Report) and Sprott (NYSE: SII - Get Free Report) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, dividends, profitability, valuation, earnings, risk and institutional ownership. Risk and Volatility Sound Point Meridian Capital
Sound Point Meridian Capital Inc. remains a Buy despite a -35% price drop and -23% total return since December 2024. SPMC trades at a -4.9% NAV discount and yields nearly 22% with a $0.25 monthly distribution declared through March 2026. 2025 saw CLO equity underperform due to market volatility, rising defaults, and sector-specific fears, but 2026 is expected to bring recovery.
Sound Point Meridian Capital (NYSE: SPMC - Get Free Report) and Grupo Aval Acciones y Valores (NYSE: AVAL - Get Free Report) are both finance companies, but which is the better business? We will compare the two companies based on the strength of their valuation, institutional ownership, analyst recommendations, dividends, earnings, profitability and risk. Insider and Institutional
Sound Point Meridian Capital, Inc. (NYSE: SPMC - Get Free Report) Director Matthew Forstenhausler purchased 1,200 shares of Sound Point Meridian Capital stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $13.70 per share, for a total transaction of $16,440.00. Following the completion of the acquisition, the director
Sound Point Meridian Capital, Inc. (NYSE: SPMC - Get Free Report) Director Matthew Forstenhausler purchased 1,000 shares of the stock in a transaction dated Friday, December 19th. The shares were acquired at an average price of $13.60 per share, with a total value of $13,600.00. Following the completion of the acquisition, the director owned 7,318 shares
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("South Pacific Metals", "SPMC" or the "Company") is pleased to announce that it has closed its previously announced best-efforts private placement of units (the "Offering"), led by BMO Capital Markets, for gross proceeds of C$9,199,494. Each unit (a "Unit") consisted of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant ("Warrant") of the Company.
Sound Point Meridian Capital Inc is a CLO CEF fund primarily exposed to CLO equity tranches, analyzed using Moody's adapted BDC methodology. SPMC demonstrates strong asset coverage, no secured debt, and solid profitability, but its portfolio concentration in CLO equity tranches increases risk. SPMC's fixed debt appears relatively safe and close to investment grade, but the preferred shares and overall CEF CLO structure carry significant risk, which falls entirely on equity investors.
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Nov. 25, 2025 (GLOBE NEWSWIRE) -- South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) (“South Pacific Metals”, “SPMC” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of agents led by BMO Capital Markets to market on a best-efforts basis by way of a private placement, up to C$8 million of units (the “Offering”) consisting of one common share and one-half of one common share purchase warrant (“Warrant”) of the Company (a “Unit”), at an indicative price of C$0.54 per Unit (the “Issue Price”).
Sound Point Meridian Capital, Inc. (SPMC) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.86 per share a year ago.
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced results for the second fiscal quarter ended September 30, 2025. SECOND FISCAL QUARTER ENDED SEPTEMBER 30, 2025 RESULTS Net asset value per share of common stock was $16.91 as of September 30, 2025. Net investment income (“NII”) was $11.0.
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce receipt of multi-element rock chip assay results from samples of mineralized structures, at the Ontenu NE prospect within its Osena Project. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today is pleased to announce the declaration of distributions on shares of the Company's common and preferred stock for the fourth fiscal quarter 2026. (first calendar quarter of 2026). The Company is declaring a monthly distribution of $0.25 per share.
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce the commencement of its maiden drilling program at Ontenu Northeast prospect within its Osena project area, Papua New Guinea. The Project lies within a major NE-SW corridor known as the Kainantu Transfer Zone, which also hosts the large Kainantu Gold-Copper mine being mined by K92 Mining Ltd.
NEW YORK--(BUSINESS WIRE)-- #CLO--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the “Company”), today announced it plans to release its financial results for its second fiscal quarter ended September 30, 2025 prior to the opening of the stock market on Thursday, November 13, 2025, and discuss these results in a conference call at 11:00 a.m. ET. All interested.
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company is pleased to announce the discovery of a new gold-copper mineralized zones at Golkona South, part of the Company's Anga Project in Papua New Guinea. The Anga Project lies immediately northeast of, and contiguous with, K92 Mining's tenements in the Kainantu District — a highly prospective gold-copper district in PNG.