Sound Point Meridian reports Q4 2026 net loss of $74.7M amid portfolio decline

The closed-end investment company reported a GAAP net loss of $74.7 million ($3.63 per share) for Q4 ended March 31, 2026, driven by $77.6 million in unrealized investment losses, though NAV recovered to $10.57 by April 30. The company maintained its CLO equity portfolio weighted average yield at 9.1% and declared monthly distributions across common and preferred shares.