Business: Sound Point Meridian Capital Inc 7.875% Series B Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 07/31/2027 at $25 per share plus accrued and unpaid dividends, and matures on 07/31/2030. <p> Cumulative distributions of 7.875% per annum ($1.96875 per annum or $0.1640625 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 CLOs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <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.