Latest news with #SPMC
Yahoo
14 hours ago
- Business
- Yahoo
Sound Point Meridian Capital, Inc. Announces Results for the First Fiscal Quarter Ended June 30, 2025
NEW YORK, August 12, 2025--(BUSINESS WIRE)--Sound Point Meridian Capital, Inc. (NYSE: SPMC, SPMA, SPME), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the "Company"), today announced results for the first fiscal quarter ended June 30, 2025. FIRST FISCAL QUARTER ENDED JUNE 30, 2025 RESULTS Net asset value per share of common stock was $18.50 as of June 30, 2025. Net investment income ("NII") was $10.8 million, or $0.53 per share of common stock, comprised of $19.2 million of investment income, or $0.94 per share of common stock and $8.4 million of expenses, or $0.41 per share of common stock. Realized loss on investments was $0.1 million, or ($0.01) per share of common stock. Unrealized loss on investments was $1.0 million, or ($0.05) per share of common stock. GAAP net income was $9.7 million, or $0.47 per share of common stock. As of June 30, 2025, the weighted average effective yield of the Company's CLO equity portfolio, based on amortized cost, was 12.9%.1 As of June 30, 2025, on a look-through basis, and based on the most recent trustee reports received by such date: The Company, through its CLO investments, had indirect exposure to approximately 1,577 unique underlying loans. The largest look-through obligor represented 0.5% of the loans underlying the Company's CLO debt and equity portfolio. The top ten largest look-through obligors together represented 4.3% of the loans underlying the Company's CLO debt and equity portfolio. SECOND FISCAL QUARTER PORTFOLIO ACTIVITY AND OTHER UPDATES Received $22.6 million cash distributions from the Company's investment portfolio.2 Deployed $10.9 million in six CLO equity position with a GAAP yield of 13.7%. Declared a monthly distribution of $0.25 per share on the Company's common stock to be paid on each of October 31, 2025, November 28, 2025, and December 31, 2025. Declared a monthly distribution of $0.16667 on shares of the Company's 8.00% Series A Term Preferred Stock due 2029 to be paid on each of October 31, 2025, November 28, 2025, and December 31, 2025. Declared a monthly distribution of $0.1640625 on shares of the Company's 7.875% Series B Term Preferred Stock due 2030 to be paid on each of August 29, 2025, September 30, 2025, October 31, 2025, November 28, 2025, and December 31, 2025. Executed an amendment to the CIBC Credit Facility extending the maturity date to August 4, 2028, increasing the maximum facility to $150.0 million, and no change to the rate of SOFR + 3.75%. CONFERENCE CALL The Company will host a conference call at 11:00 a.m. (Eastern Time) today to discuss these results. All interested parties are welcome to participate in the conference call via the below: Date/Time: Tuesday, August 12, 2025 – 11:00 a.m. ET Participant Dial-In Numbers: (United States): (800) 549-8228 (International): (646) 564-2877 To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID "SOUNDFQ1". An accompanying slide presentation is available in pdf format via the "Events and Presentations" section of the Company's website ( The call will also be simultaneously webcast over the internet via the "Events and Presentations" section of the Company's website ( Please go to the "Events and Presentations" section of the Company's website at least 15 minutes prior to the call to register for the call and download and install any necessary audio software. About the Company The Company is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation ("CLO") equity and mezzanine tranches of predominately U.S. dollar-denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC, a Delaware limited liability company. For additional information, visit FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. Source: Sound Point Meridian Capital, Inc. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE 1 Weighted average effective yield is based on investments' amortized cost and expected future cash flows as of the applicable period end. 2 "Cash distributions" refers to the quarterly distributions received by the company from its CLO equity investments. View source version on Contacts Investor Relations: Julie Smith – Sound Point Capital(833) 217-6665ir@ Sign in to access your portfolio
Time of India
5 days ago
- Politics
- Time of India
Appointment of Dumka college ex-principal as finance officer sparks controversy
: The appointment of the former principal (in-charge) of the Santal Pargana Mahila College (SPMC), Rina Nileema Lakda, as the 'bursar' (finance officer) of the SPMC by the Sido Kanhu Murmu University (SKMU), Dumka, has led to a controversy. Tired of too many ads? go ad free now The varsity administration issued the appointment notification on July 21. Lakda is at present an assistant professor in the department of economics of the college. Principal (in-charge) of the SPMC, , in a letter to the SKMU, had revealed about the backdated supply order of books, worth Rs 4.17 lakh, to a Delhi-based Ayushman Publication House. Acting on the letter, the then VC (in-charge) of the SKMU, Bimal Prasad Singh, on April 30, 2024 set up a three-member enquiry committee to probe the case. A senior university teacher said, "How can the former principal (in-charge) be granted financial powers by being appointed as the bursar when the SKMU is yet to publish the report of the committee formed to probe the alleged backdated supply order of books, suggesting financial malfeasance on her part?" Principal (in-charge) Rakesh Kumar said, "I apprised the SKMU administration about whatever I had to state regarding the appointment of the new bursar." Lakda said, "It will be better to ask the SKMU administration about my appointment as the bursar or the pending enquiry report." Feigning ignorance about the pending inquiry report, SKMU registrar Rajiv Ranjan Sharma said, "I joined a month ago and am unaware about the pending inquiry against anyone. The name of Rina Nileema Lakda as the bursar of SPMC was notified on July 21, along with a few others for other colleges, at the behest of the VC." Tired of too many ads? go ad free now The three-member enquiry committee comprised DN Gorain of the PG department of mathematics, Nilesh Kumar of the department of zoology, and Ajay Kumar Sinha of the department of political science of the University. The three members are with the SKMU.
Yahoo
29-07-2025
- Business
- Yahoo
Sound Point Meridian Capital, Inc. Schedules First Fiscal Quarter Ended June 30, 2025 Earnings Release and Conference Call
Conference Call Scheduled for Tuesday, August 12, 2025 at 11:00 a.m. ET NEW YORK, July 29, 2025--(BUSINESS WIRE)--Sound Point Meridian Capital, Inc. (NYSE: SPMC), a closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended (the "Company"), today announced it plans to release its financial results for its first fiscal quarter ended June 30, 2025 prior to the opening of the stock market on Tuesday, August 12, 2025, and discuss these results in a conference call at 11:00 a.m. ET. All interested parties are welcome to participate in the conference call via the below: Date/Time: Tuesday, August 12, 2025 – 11:00 a.m. ET Participant Dial-In Numbers: (United States): (800) 549-8228 (International): (646) 564-2877 To access the call, please dial-in approximately five minutes before the start time and, if asked, provide the operator with Conference ID "SOUNDFQ1". An accompanying slide presentation will be available in pdf format via the "Investor Relations" section of the Company's website ( after the issuance of the earnings release. Webcast The call will also be simultaneously webcast over the internet via the "Investor Relations" section of the Company's website or by clicking on the webcast link here. Please go to the "Investor Relations" section of the Company's website at least 15 minutes prior to the call to register for the call and download and install any necessary audio software. Replay An online archive of the webcast will be made available shortly after the call via the "Investor Relations" section of the Company's website, and will remain available for approximately one year. A telephone replay will also be available following the end of the call through September 12, 2025 by dialing (888) 660-6264 (toll-free) or (646) 517-3975 (international), replay pin number 64608. About the Company The Company is an externally managed, non-diversified closed-end management investment company. The Company's investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation ("CLO") equity and mezzanine tranches of predominately U.S. dollar-denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC, a Delaware limited liability company. For additional information, visit FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. View source version on Contacts Investor Relations: Julie Smith – Sound Point Capital(833) 217-6665ir@ Sign in to access your portfolio
News18
20-07-2025
- News18
Online fraud by fake Parivahan software: Kerala police arrests gang in UP
Last Updated: Thiruvananthapuram, Jul 20 (PTI) The Kochi Cyber Crime Police Division has arrested a gang in Varanasi, Uttar Pradesh, for committing online fraud across the nation using fake Parivahan software, officials said on Sunday. They arrested UP natives Atul Kumar Singh (32) and Manish Yadav (24) who were allegedly committing fraud by sending fake Android Package Kit (APK) files through WhatsApp to their targets under the pretext of demanding payment of vehicular fines, a State Police Media Centre (SPMC) release said. APK files are used to install mobile apps. The accused collected the vehicle details through a Telegram bot, the release said. The brain behind the creation of the fake APK was a 16-year-old relative of Yadav, it said. The police action was taken following a complaint registered on the National Cyber Reporting Platform (NCRP) by an Ernakulam native claiming that he was duped of Rs 85,000 through the fake Parivahan software. The accused were arrested by a police team comprising Inspector Shameer Khan, and officers Arun, Ajith Raj, Nikhil George, Alfit Andrews and Sharafuddin based on digital evidence, the release said. Details of more than 2,700 vehicles from various states, including Kerala, Gujarat, Karnataka, Tamil Nadu and West Bengal, were found on the two accused's phones, it said. The SPMC suggested that on noticing such online financial crimes, it should be immediately reported to the Cyber Police by calling the toll-free number 1930 or through the website — PTI HMP HMP ADB view comments First Published: July 20, 2025, 23:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
31-03-2025
- Business
- Yahoo
South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") is pleased to report the successful completion of the Warden's Hearing for the renewal of Exploration License EL 2310, covering the 253 km2 concession comprising the Kili Teke Copper-Gold Project (the "Project"), located in Papua New Guinea. The Project currently hosts an Inferred Mineral Resource defined on only a portion of the system: the Central Porphyry hosts 1.81 Moz Au, 802 kt Cu & 40 kt Mo contained metal, in 237 Mt at 0.34% cu, 0.24 g/t Au &, 168 ppm Mo1 (see January 12, 2023, press release and technical report available on SEDAR+ under the Company's profile at The Warden's Hearing for EL 2310, which is a mandatory part of the renewal process for all exploration licenses in Papua New Guinea, took place on March 11, 2025, with principal landowners present. The meeting was conducted by senior Mineral Resources Authority Mining Warden Mr. Kopi Wapa and attended by community stakeholders and landowners who were supportive of EL 2310's renewal and plans for exploration programs under new SPMC management. Renewals of exploration licenses are for two-year terms. With road access to the tenement and a nearby airfield, the Project is situated in the Western Highlands of Papua New Guinea within the world-class producing Papuan Fold Belt and just 40 km west of Barrick/Zijin's Porgera Gold Mine and only 20 km northwest of the Mt. Kare Project, a historic gold mine. The Project was acquired from Harmony Gold Exploration Limited ("Harmony Gold") in 2023, having completed extensive exploration in and around a copper porphyry deposit (the "Central Porphyry"). This included extensive diamond drilling of approximately 36,000 m at an estimated cost if US$20 million within the deposit. Most recently, results from the latest targeting exercise (see October 1, 2024, press release) have revealed 10 new exploration targets proximal to the Central Porphyry with at least three mineralization styles identified (see Figure 1), including bulk-tonnage copper-rich targets (Ieru Porphyry), Porgera-style gold-rich targets (Ridge Gold Area), and high grade skarn as evidenced by historical drilling that returned 12.98% Cu, 11.75 g/t Au and 21.07 g/t Ag over 7.8 m within 54 m @ 2.1% Cu, 1.82 g/t Au, 3.87 g/t Ag (from 878 m depth down hole)2. The Company is currently focused on landowner mapping and community engagement with the intention of commencing on-ground exploration that prioritizes additional discoveries of high-grade skarn and Porgera-style gold. The Company remains committed to responsible exploration, ensuring that all activities are conducted in a safe, ethical, and environmentally sustainable manner. Figure 1: Map illustrating the Kili Teke Cu-Au Porphyry Complex, recently identified sub-surface targets and the 2.5 km x 1.5 km Au-Te-As surface geochemical footprint. To view an enhanced version of this graphic, please visit: About the Kili Teke Project The Kili Teke Project consists of a 253 km2 land package located approximately 40 km west of the Porgera Gold Mine, in the Western Highlands of Papua New Guinea. The Project is 100% owned by the Company and was acquired from Harmony Gold in late 2023. The majority of the previous exploration work completed by Harmony Gold focused on advancing the Central Porphyry to resource stage. This deposit hosts an Inferred Mineral Resource of 1.81 Moz Au, 802 kt Cu & 40 kt Mo contained metal, in 237 Mt at 0.34% cu, 0.24 g/t Au &, 168 ppm Mo1. Harmony Gold also conducted regional exploration on the wider intrusive complex including mapping, rock chips, soil geochemistry, airborne geophysics (magnetics and radiometrics) and a small amount of trenching and drilling. There remains exciting potential for further Cu-Au porphyry, skarn and alkalic-epithermal mineralization on the Project. Qualified Person The scientific and technical information disclosed in this release has been reviewed and approved by Darren Holden, Ph.D., FAusIMM, a "Qualified Person" as defined under the Canadian Institute of Mining National Instrument 43-101, 2014 Standards of Disclosure for Mineral Projects. Dr. Holden is a Technical Advisor to the Company. About South Pacific Metals Corp. South Pacific Metals Corp. is an emerging gold-copper exploration company operating across Papua New Guinea's proven gold and copper production corridors. With an expansive 3,100 km² land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke, and May River. Immediately flanking K92's active drilling and gold producing operations to the northeast and southwest, SPMC's Anga and Osena Projects are located within the high-grade Kainantu Gold District - each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that present within K92's tenements. Kili Teke is an advanced exploration project situated only 40 km from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple opportunities for expansion and further discovery. The May River Project is located adjacent to the world-renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant, untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange (TSXV: SPMC), the OTCQB Marketplace (OTCQB: SPMEF) and Frankfurt Stock Exchange (FSE: 6J00). For further information please contact: Michael Murphy, Executive Chair orInvestor RelationsSouth Pacific Metals +1-604-653-9464Email: info@ Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Disclaimer and Forward-Looking Information Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of SPMC. In making the forward-looking statements, SPMC has applied certain assumptions that are based on information available to the Company, including SPMC's strategic plan for the near and mid-term. There is no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements may involve various risks and uncertainty affecting the business of the Company. These forward-looking statements can generally be identified as such because of the context of the statements, including such words as "believes", "anticipates", "expects", "plans", "may", "estimates", or words of a similar nature. Forward-looking statements or information in this news release relate to, among other things, future exploration or development programs, and any results therefrom and effect thereof. These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic, regulatory or other unforeseen uncertainties and contingencies. These assumptions include, without limitation: success of the Company's projects, prices for metals remaining as estimated, currency exchange rates remaining as estimated, availability of funds for the Company's projects, capital, decommissioning and reclamation estimates, prices for energy inputs, labour, materials, supplies and services (including transportation), no labour-related disruptions, no unplanned delays or interruptions in scheduled construction and production, all necessary permits, licenses and regulatory approvals are received in a timely manner, and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Accordingly, readers should not place undue reliance on forward-looking information. Such factors include, without limitation: fluctuations in gold prices, fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation), fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar), operational risks and hazards inherent with the business of mineral exploration, inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner, changes in laws, regulations and government practices, including environmental, export and import laws and regulations, legal restrictions relating to mineral exploration, increased competition in the mining industry for equipment and qualified personnel, the availability of additional capital, title matters and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR+ (available at Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. 1For more information on the Kili Teke mineral resource please refer to the independent National Instrument 43-101 Technical Report for the Kili Teke Cu-Au Project, Papua New Guinea, prepared by Graeme J Fleming, B. App. Sc., MAIG, and dated 18 November 2022. Mr. Fleming is a 'qualified person' under NI 43-101 and is an independent consultant to the Company. Reference should be made to the full text of the Technical Report, which is available for review on SEDAR+ at Refer to Harmony Gold news release dated April 13, 2016 To view the source version of this press release, please visit
