Business: Sound Point Meridian Capital Inc 8% Series A Preferred Shares Due 2029, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/30/2026 at $25 per share plus accrued and unpaid dividends, and maturiing 11/30/2029. <p> Cumulative distributions of 8% per annum ($2.00 per annum or $0.166667 per month) will be paid monthly on the last business day of every month to holders of record on the record date fixed by the board, not more than 20 days or less than 7 days prior to the payment date (NOTE: the ex-dividend date is the record date). <p> Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders (see page 81 of the prospectus for further information). <p> This security was not rated by Moody’s or S&P at the time of its IPO. This security was rated as BBB by Egan-Jones Ratings Co. at the date of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.