# Sound Point Meridian Capital Inc (SPMC): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/spmc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2024-06-14 Sound Point Meridian Capital, LLC functions as a closed-end investment firm based in the United States. The company's primary investment strategy involves allocating capital to the equity and mezzanine layers of collateralized loan obligations (CLOs). These CLOs are backed by diversified pools of predominantly lower-rated, U.S. senior secured debt. Established in 2022, its operations are headquartered in New York, New York. ## Key Facts | Metric | Value | |---|---| | Price | $5.82 | | Expense Ratio | — | | Assets Under Management | $120.1M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 44.33% | | Annual Distribution (TTM) | $2.58 /share | | Distribution Frequency | Monthly | | 52-Week Range | $5.62 – $16.75 | | Beta | 1.20 | ## Latest Distribution - Amount: $0.1300 /share - Ex-date: 2026-12-15 - Pay date: 2026-12-31 ## Frequently Asked Questions ### What does SPMC invest in? Sound Point Meridian Capital, LLC functions as a closed-end investment firm based in the United States. The company's primary investment strategy involves allocating capital to the equity and mezzanine layers of collateralized loan obligations (CLOs). These CLOs are backed by diversified pools of predominantly lower-rated, U.S. senior secured debt. Established in 2022, its operations are headquartered in New York, New York. ### What is the expense ratio of SPMC? An expense ratio for Sound Point Meridian Capital Inc (SPMC) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is SPMC? Sound Point Meridian Capital Inc (SPMC) manages $120.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SPMC actively managed or an index fund? SPMC's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was SPMC launched? Sound Point Meridian Capital Inc (SPMC) launched in June 2024 and is managed by the fund issuer. ### How has SPMC performed? SPMC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SPMC pay a dividend? Sound Point Meridian Capital Inc (SPMC) currently distributes little or no income. Trailing-twelve-month yield is 44.33%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SPMC pay dividends? Sound Point Meridian Capital Inc pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SPMC's dividend yield? SPMC's trailing-twelve-month yield is 44.33%, calculated from the sum of dividends over the past year divided by the current price. ### When is SPMC's next ex-dividend date? The most recently announced ex-dividend date for SPMC was 2026-12-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is SPMC's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for Sound Point Meridian Capital Inc (SPMC). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does SPMC charge its expense ratio? The expense ratio is deducted in tiny daily slices from SPMC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/spmc - Distribution history: https://www.dividenddata.com/funds/spmc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/spmc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/spmc/expenses - Peer comparison: https://www.dividenddata.com/funds/spmc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.