Sound Point Meridian Capital Announces Fee Waiver, Declares Q3 Distributions

What Happened

• On August 3, 2026 Sound Point Meridian Capital, Inc. (the Company) entered a Management Fee Waiver Agreement with its investment adviser, Sound Point Meridian Management Company, LLC, temporarily changing how management and incentive fees are calculated for the period July 1, 2026 through December 31, 2026. The Company also issued a press release on August 12, 2026 announcing the declaration of both common and preferred distributions for the third fiscal quarter of 2027 and reported financial results for the first fiscal quarter ended June 30, 2026.
• Management provided an unaudited estimate of the Company’s net asset value (NAV) per common share as of July 31, 2026 in the range of $9.56 to $9.66.

Key Details

• Fee Waiver Agreement dated August 3, 2026 with Sound Point Meridian Management Company, LLC (adviser to the Company).
• Base management fee reduced to an annual rate of 1.50% of Total Equity Base for the waiver period (down from 1.75% under the Advisory Agreement).
• Incentive fee catch-up range narrowed to 2.00%–2.35% of Pre‑Incentive Fee Net Investment Income (previously up to 2.50%); adviser’s share above the catch-up reduced to 15% (was 20%).
• Waived amounts may not be reimbursed by the adviser; after December 31, 2026 fee calculations revert to the original Advisory Agreement terms.
• Press release dated August 12, 2026 discloses Q3 2027 common and preferred distributions and first fiscal quarter (ended June 30, 2026) results; NAV estimate $9.56–$9.66 as of July 31, 2026.

Why It Matters

• The temporary fee concessions reduce the adviser’s compensation for the second half of 2026, which can modestly improve net returns or distributable earnings available to shareholders during the waiver period. The adviser cannot recover waived fees later, so the impact is immediate for this period only.
• The declared distributions and NAV range give investors current information on payout activity and an updated estimate of per‑share value; shareholders should review the Company’s press release and quarterly results for full financial details.