Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030

Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030 are a type of preferred equity security issued by Sound Point Meridian Capital, Inc., a non-diversified closed-end management investment company. These preferred shares feature a fixed annual dividend rate of 7.875%, paid out monthly, calculated on a $25 per share liquidation preference. The Series B Preferred Shares come with a maturity date of July 31, 2030, at which point the company is required to redeem them at the liquidation value plus any accumulated and unpaid dividends. As a preferred stock, these shares occupy a senior position relative to common equity in the capital structure but are subordinate to debt holders. Investors receive priority in dividend distributions as well as in the event of liquidation. The proceeds from this preferred issuance primarily support the company’s objective of generating high current income and secondary objective of capital appreciation, typically through investments in equity and mezzanine tranches of U.S. dollar-denominated collateralized loan obligations (CLOs) backed by leveraged corporate loans. Rated 'BBB' by Egan-Jones Ratings Company, these shares appeal to market participants seeking a blend of enhanced income potential and exposure to the specialist sector of structured credit instruments.