Sound Point Meridian Capital, Inc. (SPMC:NYSE) closed at $5.74 on October 23, 2026, down 3.20% on the day. The stock trades 65.7% below its 52-week high of $16.75 and 2.1% above its 52-week low of $5.62. Over the past year, it lost 65.4%. Sound Point Meridian Capital, Inc. is part of the Miscellaneous sector.
In 252 trading sessions since October 23, 2025, SPMC closed higher on 123 days (49%). Its best day was March 2, 2026 (+8.82%) and its worst was February 11, 2026 (-10.58%). The stock moved 10% or more in a single session 1 time.
The fund seek to achieve our investment objectives by investing primarily in equity and mezzanine tranches of collateralized loan obligations, or CLOs, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. We may also invest in other securities and instruments that the Adviser (as defined below) believes are consistent with our investment objectives, including junior debt tranches of CLOs and loan accumulation facilities. The CLO equity securities in which we primarily seek to invest are typically unrated or rated below investment grade (commonly known as junk bonds) and are considered speculative with respect to timely payment of interest and repayment of principal. The CLO equity securities in which we intend to invest in are highly leveraged (with CLO equity typically being leveraged nine to 13 times), which magnifies our risk of loss on such investments.
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