Valuation • Sound Point Meridian Capital

Sound Point Meridian Capital Inc. (SPMC) is a newly established, non-diversified, closed-end management investment company operating as a business development company (BDC) under the Investment Company Act of 1940. Its core investment objective is to generate current income, supplemented by capital appreciation. SPMC primarily invests in secured debt, including first lien, unitranche, and second lien loans, and to a lesser extent, equity and equity-related investments, targeting middle-market companies. As a BDC, SPMC is mandated to invest at least 70% of its assets in eligible portfolio companies, typically private U.S. businesses. The company seeks to deliver compelling risk-adjusted returns to its shareholders through its disciplined credit investment approach.