# EDGAR Filing Document

**Accession Number:** 0001930147
**File Stem:** 0001049169-26-000703
**Filing Date:** 2026-3
**Character Count:** 117616
**Document Hash:** 4c309d4f57e7b2f1e18a5ba7aba7d6a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000703.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001049169-26-000703

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sound Point Meridian Capital, Inc.
- **CENTRAL INDEX KEY:** 0001930147

**ORGANIZATION NAME:**
- **EIN:** 882315951
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23881
- **FILM NUMBER:** 26704263

**BUSINESS ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152
- **BUSINESS PHONE:** 212.895.2280

**MAIL ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sound Point Meridian Capital, LLC
- **DATE OF NAME CHANGE:** 20220519

## Nport-Ex

<u>Sound Point Meridian Capital, Inc.</u>   <u>Schedule of Investments</u> <br> December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COMPANY/INVESTMENT<sup>(1)(2)(3)(4)</sup>**  | **ACQUISITION<br> DATE<sup>(5)</sup>** | **PRINCIPAL<br> AMOUNT/<br> SHARES** | **Cost** | **Fair Value<sup>(6)</sup>** |
| ***<u>Collateralized Loan Obligations - Debt</u>***<sup>(7)(8)</sup> |  |  |  |  |
| **<u>Structured Finance - Debt</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Ares LXVIII CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secured Note - Class F, (3 Month SOFR + 10.08%, due 04/25/2035) | 6/13/2024 | $51000 | $51271 | $51003 |
| &nbsp;&nbsp;&nbsp;**KKR CLO 40, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secured Note - Class ER, (3 Month SOFR + 7.25%, due 10/20/2034) | 6/13/2024 | 1397000 | 1395837 | 1347471 |
| **Total Collateralized Loan Obligations - Debt - (0.49%)** |  |  | $1447108 | $1398474 |
| ***<u>Collateralized Loan Obligations - Equity</u>*** <sup>(8)(9)</sup> |  |  |  |  |
| **<u>Structured Finance - Equity</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**AB BSL CLO 5, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.80%, maturity 1/20/2038) | 11/18/2024 | 1786080 | 1553212 | 1136269 |
| &nbsp;&nbsp;&nbsp;**AB BSL CLO 6, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.58%, maturity 7/20/2037)<sup>(10)</sup> | 5/19/2025 | 8173770 | 7589237 | 6977209 |
| &nbsp;&nbsp;&nbsp;**AGL CLO 24, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.37%, maturity 7/25/2036)<sup>(10)</sup> | 6/13/2024 | 11216400 | 10340764 | 7669800 |
| &nbsp;&nbsp;&nbsp;**AGL CLO 28, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 3.38%, maturity 1/21/2037)<sup>(10)</sup> | 6/13/2024 | 17771250 | 15280243 | 12323949 |
| &nbsp;&nbsp;&nbsp;**AGL CLO 30, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 6.89%, maturity 4/21/2037)<sup>(10)</sup> | 6/13/2024 | 6987330 | 6087008 | 4317302 |
| &nbsp;&nbsp;&nbsp;**AGL CLO 33, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.11%, maturity 7/21/2029)<sup>(10)</sup> | 7/5/2024 | 19600000 | 16085615 | 12507380 |
| &nbsp;&nbsp;&nbsp;**Anchorage Capital CLO 16, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 18.01%, maturity 1/19/2035) | 6/13/2024 | 2023100 | 947689 | 862852 |
| &nbsp;&nbsp;&nbsp;**Anchorage Capital CLO 18, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 0%, maturity 4/15/2034) | 6/13/2024 | 1800000 | 764459 | 358020 |
| &nbsp;&nbsp;&nbsp;**Anchorage Capital CLO 24, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.08%, maturity 4/15/2034) | 6/13/2024 | 23490000 | 10020019 | 7408746 |
| &nbsp;&nbsp;&nbsp;**Ares LXX CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.48%, maturity 10/25/2035) | 6/13/2024 | 10125000 | 8457441 | 7371203 |
| &nbsp;&nbsp;&nbsp;**Ares Loan Funding V, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.52%, maturity 7/25/2037) | 6/13/2024 | 2677500 | 2010506 | 1434685 |
| &nbsp;&nbsp;&nbsp;**Ares LXVIII CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.33%, maturity 4/25/2035) | 6/13/2024 | 3600000 | 3163777 | 2499228 |
| &nbsp;&nbsp;&nbsp;**Bain Capital Credit CLO 2019-4, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 5.63%, maturity 4/23/2035) | 6/13/2024 | 300000 | 159951 | 120189 |
| &nbsp;&nbsp;&nbsp;**Bain Capital Credit CLO 2022-4, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.95%, maturity 7/16/2035) | 6/13/2024 | 12945000 | 8088682 | 6230817 |
| &nbsp;&nbsp;&nbsp;**Bain Capital Credit CLO 2023-4, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.13%, maturity 10/21/2036) | 6/13/2024 | 8216975 | 5548488 | 4823446 |
| &nbsp;&nbsp;&nbsp;**Bain Capital Credit CLO 2023-2, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.25%, maturity 7/18/2036) | 6/14/2024 | 3690000 | 2672318 | 2257321 |
| &nbsp;&nbsp;&nbsp;**Bain Capital Credit CLO 2023-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.55%, maturity 4/16/2036) | 7/16/2024 | 12579000 | 8550311 | 6693538 |
| &nbsp;&nbsp;&nbsp;**Balboa Bay Loan Funding 2025-2, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.65%, maturity 1/20/2039)<sup>(10)</sup> | 11/21/2025 | 4996200 | 4391660 | 4662775 |
| &nbsp;&nbsp;&nbsp;**Ballyrock CLO 23, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.95%, maturity 4/25/2036) | 6/13/2024 | 3100000 | 2394830 | 1758940 |
| &nbsp;&nbsp;&nbsp;**BBAM US CLO III, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 15.58%, maturity 10/15/2038) | 10/29/2025 | 6750000 | 5230958 | 4926150 |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO 43, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.36%, maturity 10/20/2038) | 8/20/2025 | 3610000 | 3582745 | 2815800 |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO IX, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Shares (effective yield 13.09%, maturity 7/25/2025) | 6/6/2025 | 2250 | 2157913 | 1755518 |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO XV, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 16.77%, maturity 7/18/2031) | 4/24/2025 | 6566327 | 3435465 | 2881699 |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO XXVII, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 16.04%, maturity 10/20/2037) | 9/11/2025 | 7080500 | 7240134 | 6530841 |

---

<u>Sound Point Meridian Capital, Inc.</u>   <u>Schedule of Investments</u> <br> December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COMPANY/INVESTMENT<sup>(1)(2)(3)(4)</sup>**  | **ACQUISITION<br> DATE<sup>(5)</sup>** | **PRINCIPAL<br> AMOUNT/<br> SHARES** | **Cost** | **Fair Value<sup>(6)</sup>** |
| ***<u>Collateralized Loan Obligations - Equity</u>***<sup>(8)(9)</sup>***(Continued)*** |  |  |  |  |
| **<u>Structured Finance - Equity (Continued)</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO XXXIV, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.70%, maturity 7/25/2037) | 6/13/2024 | $13841800 | $12425983 | $9710023 |
| &nbsp;&nbsp;&nbsp;**Benefit Street Partners CLO XXXII, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 15.06%, maturity 10/25/2036) | 6/13/2024 | 19608000 | 16232071 | 16864252 |
| &nbsp;&nbsp;&nbsp;**Birch Grove CLO 4, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.59%, maturity 4/15/2034) | 7/2/2024 | 8600000 | 7516003 | 5733362 |
| &nbsp;&nbsp;&nbsp;**Birch Grove CLO 9, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.17%, maturity 10/22/2037) | 7/18/2024 | 6090000 | 6236716 | 4800382 |
| &nbsp;&nbsp;&nbsp;**Carlyle US CLO 2022-6, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.78%, maturity 10/25/2036)<sup>(10)</sup> | 6/13/2024 | 5945940 | 5402476 | 4883787 |
| &nbsp;&nbsp;&nbsp;**Carlyle US CLO 2022-4, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 14.75%, maturity 7/25/2034) | 6/13/2024 | 12241800 | 11328047 | 9915858 |
| &nbsp;&nbsp;&nbsp;**Carlyle US CLO 2023-5, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 4.90%, maturity 1/27/2036) | 6/13/2024 | 8085225 | 7156743 | 7164075 |
| &nbsp;&nbsp;&nbsp;**Carlyle US CLO 2023-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.03%, maturity 7/20/2035) | 6/13/2024 | 5384375 | 4246120 | 3530912 |
| &nbsp;&nbsp;&nbsp;**Carlyle US CLO 2024-5, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.56%, maturity 10/25/2036) | 9/26/2024 | 20966850 | 18723066 | 14751437 |
| &nbsp;&nbsp;&nbsp;**CIFC Funding 2014-V, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.18%, maturity 7/17/2037) | 7/24/2025 | 16537600 | 7029190 | 4993694 |
| &nbsp;&nbsp;&nbsp;**CIFC Funding 2017-V, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 14.25%, maturity 7/17/2037) | 7/8/2025 | 3025000 | 1188940 | 936722 |
| &nbsp;&nbsp;&nbsp;**CIFC Funding 2017-I, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.83%, maturity 4/21/2037) | 5/14/2025 | 10168153 | 3764477 | 3395452 |
| &nbsp;&nbsp;&nbsp;**CIFC Funding 2018-V, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.08%, maturity 7/15/2038) | 7/21/2025 | 800000 | 422954 | 324584 |
| &nbsp;&nbsp;&nbsp;**Danby Park CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.21%, maturity 10/21/2035) | 6/13/2024 | 117500 | 499719 | 296714 |
| &nbsp;&nbsp;&nbsp;**Dryden 76 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 14.69%, maturity 10/15/2054) | 8/8/2025 | 14368180 | 4915744 | 3609143 |
| &nbsp;&nbsp;&nbsp;**Dryden 83 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 14.45%, maturity 4/18/2037) | 5/6/2025 | 8483559 | 3300745 | 3231812 |
| &nbsp;&nbsp;&nbsp;**Dryden 87 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.89%, maturity 5/20/2034) | 6/17/2024 | 4247100 | 2017878 | 1444438 |
| &nbsp;&nbsp;&nbsp;**Dryden 93 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 16.24%, maturity 1/15/2038) | 6/12/2025 | 318000 | 124291 | 94185 |
| &nbsp;&nbsp;&nbsp;**Dryden 102 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.27%, maturity 10/15/2036) | 2/7/2025 | 15246000 | 11966289 | 9927433 |
| &nbsp;&nbsp;&nbsp;**Dryden 107 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.54%, maturity 8/15/2035)<sup>(10)</sup> | 6/13/2024 | 11345200 | 9419535 | 7478007 |
| &nbsp;&nbsp;&nbsp;**Dryden 113 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income Note (effective yield 14.45%, maturity 10/15/2037) | 5/14/2025 | 578825 | 432950 | 387523 |
| &nbsp;&nbsp;&nbsp;**Dryden 119 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.36%, maturity 4/15/2036) | 6/13/2024 | 5468000 | 4479915 | 3512753 |
| &nbsp;&nbsp;&nbsp;**Eaton Vance CLO 2019-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 3.80%, maturity 4/15/2031)<sup>(10)</sup> | 6/13/2024 | 100000 | 582518 | 497567 |
| &nbsp;&nbsp;&nbsp;**Elmwood CLO 32, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.52%, maturity 10/18/2037) | 7/29/2024 | 9690000 | 8550944 | 6465362 |
| &nbsp;&nbsp;&nbsp;**Galaxy 36 CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.64%, maturity 10/15/2038)<sup>(10)</sup> | 10/27/2025 | 3600000 | 3315870 | 2977400 |
| &nbsp;&nbsp;&nbsp;**Green Lakes Park CLO LLC** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 20.33%, maturity 10/25/2033) | 6/13/2024 | 2021760 | 1166593 | 1311455 |
| &nbsp;&nbsp;&nbsp;**Kennedy Lewis CLO 3, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 2.27%, maturity 10/20/2029) | 6/13/2024 | 2422500 | 1297341 | 772512 |
| &nbsp;&nbsp;&nbsp;**Kennedy Lewis CLO 6, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.10%, maturity 1/22/2035) | 6/13/2024 | 1300000 | 868281 | 604890 |
| &nbsp;&nbsp;&nbsp;**Kennedy Lewis CLO 9, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.84%, maturity 10/20/2034) | 6/13/2024 | 5160000 | 3703481 | 2402960 |

---

<u>Sound Point Meridian Capital, Inc.</u>   <u>Schedule of Investments</u> <br> December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COMPANY/INVESTMENT<sup>(1)(2)(3)(4)</sup>**  | **ACQUISITION**<br> **DATE<sup>(5)</sup>**  | **PRINCIPAL<br> AMOUNT/<br> SHARES** | **Cost** | **Fair Value<sup>(6)</sup>** |
| ***<u>Collateralized Loan Obligations - Equity</u>***<sup>(8)(9)</sup>***(Continued)*** |  |  |  |  |
| **<u>Structured Finance - Equity (Continued)</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Kennedy Lewis CLO 12, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.99%, maturity 7/20/2036) | 6/13/2024 | $750000 | $576118 | $416895 |
| &nbsp;&nbsp;&nbsp;**KKR CLO 40, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 0%, maturity 10/20/2034) | 6/13/2024 | 9394000 | 5152346 | 2685369 |
| &nbsp;&nbsp;&nbsp;**KKR CLO 44, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.09%, maturity 1/20/2036) | 6/13/2024 | 10809375 | 7909134 | 7543539 |
| &nbsp;&nbsp;&nbsp;**KKR CLO 47, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.89%, maturity 1/15/2038) | 11/1/2024 | 3567500 | 3098665 | 2517085 |
| &nbsp;&nbsp;&nbsp;**KKR CLO 48, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.32%, maturity 10/20/2036) | 6/13/2024 | 5630625 | 4473785 | 3362440 |
| &nbsp;&nbsp;&nbsp;**Lewey Park CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.18%, maturity 10/20/2037)<sup>(10)</sup> | 9/27/2024 | 31162500 | 26797085 | 23289394 |
| &nbsp;&nbsp;&nbsp;**Lodi Park CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.02%, maturity 7/21/2037)<sup>(10)</sup> | 6/13/2024 | 10593285 | 9045700 | 6989290 |
| &nbsp;&nbsp;&nbsp;**Morgan Stanley Eaton Vance CLO 2022-18, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 15.59%, maturity 10/20/2035)<sup>(10)</sup> | 6/13/2024 | 5951000 | 4448602 | 3640116 |
| &nbsp;&nbsp;&nbsp;**Morgan Stanley Eaton Vance CLO 2022-17A, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.01%, maturity 7/20/2035)<sup>(10)</sup> | 6/13/2024 | 15810000 | 11373322 | 7965132 |
| &nbsp;&nbsp;&nbsp;**Neuberger Berman Loan Advisers CLO 43, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.96%, maturity 7/17/2035) | 6/13/2024 | 3250000 | 1876262 | 1632995 |
| &nbsp;&nbsp;&nbsp;**Neuberger Berman Loan Advisers CLO 54, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.17%, maturity 4/23/2038) | 6/13/2024 | 3981600 | 3313730 | 2532019 |
| &nbsp;&nbsp;&nbsp;**Neuberger Berman Loan Advisers CLO 55, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.30%, maturity 4/22/2038) | 6/13/2024 | 1036000 | 888717 | 652088 |
| &nbsp;&nbsp;&nbsp;**Neuberger Berman Loan Advisers CLO 57, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.21%, maturity 10/24/2038) | 9/18/2024 | 7527000 | 6570364 | 5521657 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2020-20, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.15%, maturity 4/18/2037) | 8/31/2025 | 2000000 | 1498727 | 1234280 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2021-22, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.25%, maturity 12/2/2034) | 6/13/2024 | 4632457 | 2979204 | 2367509 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2022-24, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.12%, maturity 7/20/2035) | 6/13/2024 | 9938088 | 6448232 | 5407314 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2023-28, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.20%, maturity 7/16/2036)<sup>(10)</sup> | 6/13/2024 | 690000 | 627706 | 583306 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2024-31, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 4.02%, maturity 4/20/2037) | 6/13/2024 | 4570160 | 4211133 | 3494298 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2024-35, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 7.24%, maturity 10/25/2037) | 8/20/2024 | 29749650 | 27064418 | 19337273 |
| &nbsp;&nbsp;&nbsp;**OCP CLO 2025-40, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.47%, maturity 4/16/2038) | 2/12/2025 | 16712800 | 14795707 | 12690029 |
| &nbsp;&nbsp;&nbsp;**Palmer Square CLO 2024-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.29%, maturity 4/15/2037) | 7/23/2025 | 3200000 | 2667005 | 2247520 |
| &nbsp;&nbsp;&nbsp;**Park Blue CLO 2022-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.46%, maturity 10/20/2037) | 1/30/2025 | 13775000 | 9358309 | 6106182 |
| &nbsp;&nbsp;&nbsp;**Park Blue CLO 2024-VI, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.44%, maturity 1/25/2038) | 12/16/2024 | 18321225 | 15770106 | 12529886 |
| &nbsp;&nbsp;&nbsp;**Park Blue CLO 2025-VII, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.04%, maturity 4/25/2038) | 3/5/2025 | 13076910 | 11976459 | 10564574 |
| &nbsp;&nbsp;&nbsp;**RAD CLO 24, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 4.93%, maturity 7/20/2037) | 6/13/2024 | 1450575 | 1232049 | 807172 |
| &nbsp;&nbsp;&nbsp;**RAD CLO 26, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.50%, maturity 10/20/2037)<sup>(10)</sup> | 8/7/2024 | 14676900 | 12962466 | 9277940 |
| &nbsp;&nbsp;&nbsp;**Regatta 30 Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.39%, maturity 1/25/2038)<sup>(10)</sup> | 11/25/2024 | 8685300 | 7483060 | 6009359 |
| &nbsp;&nbsp;&nbsp;**Regatta 35 Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.57%, maturity 10/15/2038)<sup>(10)</sup> | 8/15/2025 | 12200000 | 11546091 | 9648707 |
| &nbsp;&nbsp;&nbsp;**Regatta XIII Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 0%, maturity 7/15/2031) | 7/25/2025 | 20210000 | 385241 | 439573 |

---

<u>Sound Point Meridian Capital, Inc.</u>   <u>Schedule of Investments</u> <br> December 31, 2025 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **COMPANY/INVESTMENT<sup>(1)(2)(3)(4)</sup>**  | **ACQUISITION<br> DATE<sup>(5)</sup>** | **PRINCIPAL<br> AMOUNT/<br> SHARES** | **Cost** | **Fair Value<sup>(6)</sup>** |
| ******<u>Collateralized Loan Obligations - Equity</u>***<sup>(8)(9)</sup>***(Continued)****** |  |  |  |  |
| **<u>Structured Finance - Equity (Continued)</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Regatta XXI Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.97%, maturity 10/20/2034) | 6/13/2024 | $2193000 | 1423154 | $1035184 |
| &nbsp;&nbsp;&nbsp;**Regatta XXVII Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.41%, maturity 4/26/2037) | 9/16/2025 | 660000 | 445582 | 388436 |
| &nbsp;&nbsp;&nbsp;**Regatta XXVIII Funding, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 4.57%, maturity 4/25/2037) | 6/13/2024 | 2656000 | 2126299 | 1408662 |
| &nbsp;&nbsp;&nbsp;**Riverbank Park CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.62%, maturity 1/25/2038)<sup>(10)</sup> | 12/18/2024 | 3052500 | 2768504 | 2488269 |
| &nbsp;&nbsp;&nbsp;**Rockford Tower CLO 2022-2, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.84%, maturity 10/20/2035)<sup>(10)</sup> | 6/13/2024 | 17854900 | 11024158 | 9133964 |
| &nbsp;&nbsp;&nbsp;**Rockford Tower CLO 2023-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.32%, maturity 1/20/2036)<sup>(10)</sup> | 6/13/2024 | 8806875 | 7936479 | 6811216 |
| &nbsp;&nbsp;&nbsp;**Rockford Tower CLO 2024-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.01%, maturity 4/20/2037)<sup>(10)</sup> | 6/13/2024 | 8155240 | 6421247 | 5451817 |
| &nbsp;&nbsp;&nbsp;**Rockford Tower CLO 2025-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.84%, maturity 3/31/2038)<sup>(10)</sup> | 2/3/2025 | 13064058 | 10204114 | 9249057 |
| &nbsp;&nbsp;&nbsp;**RRAM 2024-28, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 5.42%, maturity 4/15/2037) | 6/13/2024 | 10802400 | 5749291 | 4822191 |
| &nbsp;&nbsp;&nbsp;**RRAMX 2021-6A, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 11.95%, maturity 1/15/2037) | 6/13/2024 | 24243000 | 13463925 | 11548153 |
| &nbsp;&nbsp;&nbsp;**Silver Point CLO 10, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 8.47%, maturity 7/15/2038) | 5/29/2025 | 1335000 | 1217645 | 1047975 |
| &nbsp;&nbsp;&nbsp;**Silver Point CLO 11, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 9.61%, maturity 7/15/2038) | 6/30/2025 | 2000000 | 1810248 | 1620000 |
| &nbsp;&nbsp;&nbsp;**Tallman Park CLO, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 10.81%, maturity 7/20/2038) | 6/26/2025 | 2221265 | 1290179 | 1100504 |
| &nbsp;&nbsp;&nbsp;**TCW CLO 2021-1, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 13.99%, maturity 3/18/2034) | 6/13/2024 | 778400 | 375085 | 272689 |
| &nbsp;&nbsp;&nbsp;**Warwick Capital CLO 6, Ltd.** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subordinated Note (effective yield 12.71%, maturity 7/20/2038)<sup>(10)</sup> | 5/22/2025 | 2603600 | 2455792 | 1875959 |
| **Total Collateralized Loan Obligations - Equity - (163.99%)** |  |  | $579309750 | $472089388 |
| **Total Investments - 164.48%** |  |  | $580756858 | $**473487862** |
| **Liabilities in Excess of Other Assets - (64.48%)** |  |  |  | **(185615458)** |
| **Net Assets - 100.00%** |  |  |  | $**287872404** |

---

<u>Sound Point Meridian Capital, Inc.</u>   <u>Schedule of Investments</u> <br> December 31, 2025 (Unaudited)

*<sup>(1)</sup>* *The Company is not affiliated with, nor does it "control" (as such term is defined in the 1940 Act, any of the issuers listed. In general, under the 1940 Act, the Company would be presumed to "control" an issuer if it owned 25% or more of its voting securities and would be an "affiliate" of the portfolio company if we owned 5% or more of its voting securities.*

*<sup>(2)</sup>* *All or a portion of the securities are pledged as collateral for the Revolving Credit Facility as of December 31, 2025.*

*<sup>(3)</sup>* *All securities exempt from registration under the Securities Act of 1933, as amended, and are deemed to be "restricted securities".*

*<sup>(4)</sup>* *Level 3 securities fair valued under procedures established by the Board of Directors, represent 164.48% of Net Assets. The total value of these securities is $473,487,862.*

*<sup>(5)</sup>* *Acquisition date represents the initial purchase date of investment and/or the contribution date of the initial seed portfolio on June 13, 2024.*

*<sup>(6)</sup>* *Fair value is determined by the Adviser in accordance with written valuation policies and procedures, subject to oversight by the Company's Board of Directors, in accordance with Rule 2a-5 under the 1940 Act.*

*<sup>(7)</sup>* *Variable rate investment. Interest rate shown reflects the rate in effect at the reporting date. Investment description includes the reference rate and spread.*

*<sup>(8)</sup>* *The fair value of CLO equity and CLO Debt investments are classified as Level 3 investments. See Note 3 "Investments" for further discussion.*

*<sup>(9)</sup>* *Weighted average effective yield on cost was 11.00%.*

*<sup>(10)</sup>* *Fair Value includes the Company's interest in fee rebates on CLO Subordinated notes.*

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

**1. ORGANIZATION**

Sound Point Meridian Capital, Inc. (the "Company") is an externally managed, non-diversified closed-end management investment company that has registered as an investment company under the Investment Company Act of 1940, as amended, or (the "1940 Act"). We intend to qualify annually as a regulated investment company, ("RIC"), under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), beginning with our tax year ended September 30, 2024. We were organized as Sound Point Meridian Capital, LLC, a Delaware limited liability company, on May 13, 2022. Effective March 13, 2024, we converted from a Delaware limited liability company to a Delaware corporation under the name Sound Point Meridian Capital, Inc. Sound Point Meridian Management Company, LLC, (the "Adviser"), is our investment adviser and manages our investments subject to the supervision of our board of directors. Sound Point Administration LLC (the "Administrator"), serves as our administrator. For further detail please refer to "Note 5. Related Party Transactions."

On June 13, 2024 (commencement of operations), the Company priced its initial public offering (the "IPO") and on June 14, 2024 the Company's shares began trading on the New York Stock Exchange (the "NYSE") under the symbol "SPMC".

Our primary investment objective is to generate high current income, with a secondary objective of generating capital appreciation. We seek to achieve our investment objectives by investing primarily in third-party CLO equity and mezzanine tranches of predominately U.S.-dollar denominated CLOs backed by corporate leveraged loans issued primarily to U.S. obligors. This investment strategy looks to opportunistically shift between the primary and secondary CLO markets, seeking to identify the most compelling relative value. Our focus is on the primary CLO market (i.e., acquiring securities at the inception of a CLO) when the discrepancy between the value of a CLO's assets and liabilities is believed to present an attractive investment opportunity. We will opportunistically switch to the secondary market (i.e., acquiring existing CLO securities) during times of market volatility or when we identify attractive investment opportunities. The Adviser aims to identify top-tier CLO managers with proven track records of outperformance through increasing the value of the loans held by the CLO, generating high equity distributions and active portfolio management. Additionally, the strategy is focused on CLOs with attractive structures which include flexibility for the CLO manager, strong cushions on covenants and cashflow ratios, terms that are favorable to the holders of CLO equity securities and reinvestment periods that are consistent with the Adviser's current market views.

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Security Valuation**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date.

In determining fair value, the Company uses various valuation approaches. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs are to be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company's assumptions about the inputs market participants would use in pricing the asset or liability and are determined based on the best information available in the circumstances.

Pursuant to Rule 2a-5 under the 1940 Act adopted by the United States Securities and Exchange Commission ("SEC") in December 2020 ("Rule 2a-5"), the Board of Directors ("Board") has designated the Adviser as the "valuation designee" to perform fair value determinations, subject to Board oversight and certain other conditions. In the absence of readily available market quotations, as defined by Rule 2a-5, the Adviser determines the fair value of the Company's investments in accordance with its written valuation policy approved by the Board. There is no single method for determining fair value in good faith. As a result, determining fair value requires judgment to be applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the types of investments held by the Company. Due to the uncertainty of valuation, this estimate may differ significantly from the value that would have been used had a ready market for the investments existed, and the differences could be material.

The fair value hierarchy is categorized into three levels based on the inputs as follows:

● Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company can access.

● Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

● Level 3 – Valuations based on unobservable inputs that are significant to the overall fair value measurement.

The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including the type of investment, whether the investment is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. These estimated values do not necessarily represent the amounts that may be ultimately be realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, these estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed.

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for investments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement.

Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company's own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many investments, which could cause an investment to be reclassified to a lower level within the fair value hierarchy.

**Fair Value Investments – Valuation Techniques and Inputs**

**Collateralized Loan Obligations**

The fair value of collateralized loan obligations is determined by recently executed transactions or market price quotations (where observable) using the mean between bid and ask prices. In instances where significant inputs are unobservable or when multiple quotations are unavailable, the investments may be fair valued based on criteria such as the transaction price on entry, prices of comparable securities or a discounted cash flow model to reflect expected exit values in the investment's principal market under current market conditions. Under such circumstances, these investments will be categorized in Level 3 of the fair value hierarchy.

**Loan Accumulation Facilities**

The Adviser determines the fair value of loan accumulation facilities in accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures, utilizing the income approach as described in ASC 820-10-55-3F (the "Income Approach"), in which fair value measurement reflects current market expectations about the receipt of future amounts (i.e., exit price). Loan accumulation facilities are typically short- to medium-term in nature and are formed to acquire loans on an interim basis that are expected to form part of a specific CLO transaction. Pursuant to the loan accumulation facilities' governing documents, loans acquired by the loan accumulation facilities are typically required to be transferred to the contemplated CLO transaction at original cost plus accrued interest less interest earned by the Company for facilitating the investment. Because the loan accumulation facilities will receive their full cost basis in the underlying loan assets and the accrued interest thereon upon the consummation of the CLO transaction, the Adviser determines the fair value of the loan accumulation facilities as the sum of (A) the cost of the Company's investment (i.e., the principal amount invested), and (B) accrued interest related to the accumulation of vehicle fundings.

The Adviser categorizes loan accumulation facilities as Level 3 investments. There is no active market and prices are unobservable.

**Reverse Repurchase Agreements**

The Company may enter into reverse repurchase transactions for short term cash borrowing. On June 25, 2024, Sound Point Meridian Capital, Inc. entered into a Master Repurchase Agreement ("MRA") with Canadian Imperial Bank of Commerce ("CIBC"). Under the MRA, the Company sells securities to CIBC with an agreement to repurchase them at a later date for a specified price. Reverse repurchase agreements are accounted for as secured borrowings and the cash received in exchange for securities delivered to CIBC is reflected as a liability on the Statement of Assets and Liabilities since the arrangement is short term in nature. Interest payments made on reverse repurchase agreements are reported as a component of interest expense on the Statements of Operations. The reverse repurchase agreements generally mature on the earlier of the related CLO closing date or three months after funding by CIBC to the Company.

For the period ended December 31, 2025, there were no reverse repurchase agreements outstanding.

**Fair Value – Valuation Processes**

The Adviser establishes valuation processes and procedures to ensure that the valuation techniques for investments are fair, consistent, and verifiable by designating an internal Valuation Committee (the "Committee") to oversee the entire valuation process of the Company's investments. The Committee is responsible for developing the Company's written valuation processes and procedures, conducting periodic reviews of the valuation policies, and evaluating the overall fairness and consistent application of those valuation policies.

The Committee meets on a monthly basis, or more frequently as needed, to determine the valuations of the Company's investments. Valuations determined by the Committee are required to be supported by market data, third-party pricing sources, industry accepted pricing models, broker quotes, or other methods the Committee deems to be appropriate, including the use of internal proprietary pricing models.

**INVESTMENT TRANSACTIONS AND RELATED INVESTMENT INCOME**

**Securitization Vehicle and Investment Income**

Investment transactions are accounted for on a trade-date basis. Realized gains and losses on investments sold are determined using the specific identification method. Dividends are recorded on the ex-dividend date and interest is recognized on an accrual basis. Premiums and discounts are amortized using the effective interest method over the lives of the respective investments.

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

**CLO Equity**

ASC Topic 325-40, Beneficial Interests in Securitized Financial Assets, requires investment income from equity tranche investments in collateralized loan obligations to be recognized under the effective yield method, with any difference between cash distributed and the amount calculated pursuant to the effective yield method being recorded as an adjustment to the amortized cost basis of the investment. The interest income is calculated using the effective yield, based on the estimated cash flow expected to be collected over the life of the investment. It is the Company's policy to update the effective yield for CLO equity investment no less than quarterly.

**CLO Debt**

Interest income is recorded on an accrual basis using the contractual rate applicable to each debt investment and includes the accretion of market discounts and/or original issue discount ("OID") and amortization of market premiums. Discounts from and premiums to par value on securities purchased are accreted or amortized into interest income over the life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discounts and amortization of premiums, if any.

Generally, if the Company does not expect the borrower to be able to service its debt and other obligations, the Company will, on a discretionary basis, place the debt instrument on non-accrual status and will generally cease recognizing interest income on that loan for financial reporting purposes until all principal and interest have been brought current through payment or due to restructuring such that the interest income is deemed to be collectible. As of December 31, 2025, the Company did not have any investments in its portfolio on non-accrual status.

**Loan Accumulation Facilities**

Loan accumulation facilities recognize interest income in accordance with ASC Topic 325-40-35-1, which requires the holder of a beneficial interest in securitized financial assets to determine interest income over the life of the beneficial interest using the effective yield method, provided such amounts are expected to be collected. FASB ASC 325-40-20 further defines "beneficial interests," among other things, as "rights to receive all or portions of specified cash inflows received by a trust or other entity." FASB ASC 325-40-15-7 also states that for income recognition purposes, beneficial interests in securitized financial assets (such as those in loan accumulation facilities) are within the scope of ASC 325-40 because it is customary for certain industries, such as investment companies, to report interest income as a separate item in their income statements even though the investments are accounted for at fair value.

During the nine months ended December 31, 2025, the Company recorded $2,455,463 of interest income from loan accumulation facilities. Such amounts are included in other income on the Statement of Operations. At the time the loan accumulation facility terminates, and the securitization period begins, there is no realized gain or loss that is recognized.

**3. INVESTMENTS**

**Fair value measurements**

The Company's assets and liabilities recorded at fair value have been categorized based upon a fair value hierarchy as described in the Company's significant accounting policies in Note 1. The following table presents information about the Company's assets measured at fair value as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Collateralized Loan Obligations - Debt | $– | $– | $1398474 | $1398474 |
| Collateralized Loan Obligations - Equity | $– | $– | 472089388 | 472089388 |
| Total | $– | $– | $473487862 | $473487862 |

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<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

**Financial instruments disclosed, but not carried, at fair value**

The following table presents the carrying value and fair value of the Company's financial liabilities disclosed, but not carried at fair value as of December 31, 2025 and the level of each financial liability within the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Carrying<br> Value** | **Fair<br> Value** | **Level 1** | **Level 2** | **Level 3** |
| Series A 2024 8% | $55891019 | $57983000 | $– | $57983000 | $– |
| Series B 2025 7.875% | 55356007 | 58052000 |  | 58052000 |  |
| Revolving Credit Facility | 70000000 | 70000000 | – | – | 70000000 |
| Total | $181247026 | $186035000 | $– | $116035000 | $70000000 |

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**Significant Unobservable Inputs**

The following table summarizes the quantitative inputs and assumptions used for investments categorized as Level 3 of the fair value hierarchy as of December 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset** | **Fair Value<br> as of<br> December 31,**<br> **2025** | **Valuation<br> Methodology** | **Unobservable<br> Inputs** | **Range** | **Weighted<br> Average\*** |
| CLO Equity | $468089478 | Market quotes<sup>(1)</sup> | NBIM<sup>(2)</sup> | 0.9% - 92.2 | 53.66% |
| CLO Fee Notes | 3999910 | Discounted Cash Flow<sup>(3)</sup> | Discount Rate | 15.00% | 15.00% |
| CLO Debt | 1398474 | Market quotes<sup>(1)</sup>; NBIM<sup>(2)</sup> | NBIM<sup>(2)</sup> | 96.5% - 100.0 | 96.58% |
| Loan Accumulation Facilities | – | N/A | N/A | N/A | N/A |
| Total | $473487862 |  |  |  |  |

---

*\** *Weighted average calculations are based on fair value of investments.*

*<sup>(1)</sup>* *The Company relies on non-binding mid prices, sourced from independent pricing services such as Markit or brokers/dealers, as a key input for determining the fair value of CLO debt and equity investments as of the valuation date. These prices may be adjusted to reflect any pending equity distributions and/or general market performance. The prices are evaluated by the Valuation Committee alongside additional input from the investment team and reports provided by the independent trustees of each CLO. The Company conducts market appropriateness evaluations on each position provided by these sources, with scenario analysis and assumptions that are recalibrated by market information and trading levels.*

*<sup>(2)</sup>* *Market Quotes received are Non-Binding Indicative Mid Prices ("NBIM"), which are not directly observable, as they are provided by third parties with independent rationale as to selection of market-based inputs used to derive the prices, as well as expert judgment relating to the calibration and/or weighting of those inputs.*

*<sup>(3)</sup>* *The Company values fee rebate side letters based on the negotiated rebates and fee holidays.*

In addition to the techniques and inputs noted in the above table, the Adviser may use other valuation techniques and methodologies when determining the fair value measurements of the Company's investments, as provided for in the Adviser's valuation policy approved by the Board. Please refer to Note 2 "Summary of Significant Accounting Policies" for further discussion. The above table is not intended to be all-inclusive, but rather provides information on the significant Level 3 inputs as they relate to the Company's fair value measurements as of December 31, 2025. Unobservable inputs and assumptions are reviewed at each measurement date and updated as necessary to reflect current market conditions.

The following table shows the aggregate changes in fair value of the Company's Level 3 investments during the period ended December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Asset Type** | **Asset Type** | **Asset Type** | |
|  | **Collateralized Loan**<br> **Obligations - Debt** | **Collateralized Loan**<br> **Obligations - Equity** | **Loan Accumulation**<br> **Facilities** |<br>**Total** |
| Balance as of March 31, 2025 | $1987136 | $492884184 | $8843849 | $503715169 |
| Amortization | (258) | (27165828) | (653849) | (27819935) |
| Realized Gain/(Loss) | 6489 | (2142603) |  | (2136114) |
| Change in Unrealized Appreciation/Depreciation | 23233 | (80153554) |  | (80130321) |
| Purchases |  | 103008307 | 34594200 | 137602507 |
| Sales Proceeds | (618126) | (14341118) | (42784200) | (57743444) |
| Transfer into Level 3 |  |  |  |  |
| Transfer Out of Level 3 | – | – | – | – |
| Balance as of December 31, 2025 | $1398474 | $472089388 | $– | $473487862 |
| Net change in unrealized appreciation/(depreciation) included in the Statements of Operations attributable to Level 3 investments <br>held at December 31, 2025 | $23233 | $(80153554) | $– | $(80130321) |

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<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

**Purchase and Sales of Investment Securities**

The cost of purchases and proceeds from the sale of securities, other than short-term securities, for the period ended December 31, 2025 were as follows:

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| | | |
|:---|:---|:---|
| **Company** | **Purchases of<br> Securities** | **Proceeds From<br> Sales of Securities** |
| Sound Point Meridian Capital Inc. | $137602507 | $57743444 |

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**4. RISK AND UNCERTAINTIES**

The following list is not intended to be a comprehensive list of all of the potential risks associated with the Company. The Company's prospectus provides a detailed discussion of the Company's risks and considerations. The risks described in the prospectus are not the only risks the Company faces. Additional risks and uncertainties not currently known to the Company or that are currently deemed to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

**Risks of Investing in CLOs and Other Structured Debt Securities**

CLOs and other structured finance securities are generally backed by a pool of credit-related assets that serve as collateral. Accordingly, CLO and structured finance securities present risks similar to those of other types of credit investments, including default (credit), interest rate and prepayment risks. In addition, CLOs and other structured finance securities are often governed by a complex series of legal documents and contracts, which increases the risk of dispute over the interpretation and enforceability of such documents relative to other types of investments.

**Subordinated Securities Risk**

CLO equity and junior debt securities that the Company may acquire are subordinated to more senior tranches of CLO debt. CLO equity and junior debt securities are subject to increased risks of default relative to the holders of senior priority interests in the same CLO. In addition, at the time of issuance, CLO equity securities are under collateralized in that the face amount of the CLO debt and CLO equity of a CLO at inception exceeds its total assets. The Company will typically be in a subordinated or first loss position with respect to realized losses on the underlying assets held by the CLOs in which the Company is invested.

**Credit Risk**

If (1) a CLO in which the Company invests, (2) an underlying asset of any such CLO or (3) any other type of credit investment in the Company's portfolio declines in price or fails to pay interest or principal when due because the issuer or debtor, as the case may be, experiences a decline in its financial status, the Company's income, net asset value ("NAV") and/or market price would be adversely impacted.

**Key Personnel Risk**

The Adviser manages our investments. Consequently, the Company's success depends, in large part, upon the services of the Adviser and the skill and expertise of the Adviser's professional personnel. There can be no assurance that the professional personnel of the Adviser will continue to serve in their current positions or continue to be employed by the Adviser. We can offer no assurance that their services will be available for any length of time or that the Adviser will continue indefinitely as the Company's investment adviser.

**Prepayment Risk**

The assets underlying the CLO securities in which the Company invests are subject to prepayment by the underlying corporate borrowers. As such, the CLO securities and related investments in which the Company invests are subject to prepayment risk. If the Company or a CLO collateral manager are unable to reinvest prepaid amounts in a new investment with an expected rate of return at least equal to that of the investment repaid, the Company's investment performance will be adversely impacted.

**Liquidity Risk**

Generally, there is no public market for the CLO investments in which the Company invests. As such, the Company may not be able to sell such investments quickly, or at all. If the Company can sell such investments, the prices the Company receives may not reflect the Adviser's assessment of their fair value or the amount paid for such investments by the Company.

**Fair Valuation of the Company's Portfolio Investments**

Generally, there is no public market for the CLO investments and certain other credit assets in which the Company may invest. The Adviser values these securities at least monthly, or more frequently as may be required from time to time, at fair value. The Adviser's determinations of the fair value of the Company's investments have a material impact on the Company's net earnings through the recording of unrealized appreciation or depreciation of investments and may cause the Company's NAV on a given date to understate or overstate, possibly materially, the value that the Company ultimately realizes on one or more of the Company's investments.

**Limited Investment Opportunities Risk**

The market for CLO securities is more limited than the market for other credit related investments. The Company can offer no assurances that sufficient investment opportunities for the Company's capital will be available. In recent years there has been a marked increase in the number of, and flow of capital into, investment vehicles established to pursue investments in CLO securities whereas the size of the market is relatively limited. While the

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

Company cannot determine the precise effect of such competition, such increase may result in greater competition for investment opportunities, which may result in an increase in the price of such investments relative to the risk taken on by holders of such investments. Such competition may also result, under certain circumstances, in increased price volatility or decreased liquidity with respect to certain positions.

**Market Risk**

Political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market, can affect the value of the Company's investments. A disruption or downturn in the capital markets and the credit markets could impair the Company's ability to raise capital, reduce the availability of suitable investment opportunities for the Company, or adversely and materially affect the value of the Company's investments, any of which would negatively affect the Company's business. These risks may be magnified if certain events or developments adversely interrupt the global supply chain and could affect companies worldwide.

**Loan Accumulation Facility Investment Risk**

The Company may invest in loan accumulation facilities, which are short to medium term facilities often provided by the bank that will serve as placement agent or arranger on a CLO transaction and which acquire loans on an interim basis which are expected to form part of the portfolio of a future CLO. Investments in loan accumulation facilities have risks similar to those applicable to investments in CLOs. Leverage is typically utilized in such a facility and as such the potential risk of loss will be increased for such facilities employing leverage. In the event a planned CLO is not consummated, or the loans are not eligible for purchase by the CLO, the Company may be responsible for either holding or disposing of the loans. This could expose the Company to credit and/or mark-to-market losses, and other risks.

**Reinvestment Risk**

CLOs will typically generate cash from asset repayments and sales that may be reinvested in substitute assets, subject to compliance with applicable investment tests. If the CLO collateral manager causes the CLO to purchase substitute assets at a lower yield than those initially acquired or sale proceeds are maintained temporarily in cash, it would reduce the excess interest-related cash flow, thereby having a negative effect on the fair value of the Company's assets. In addition, the reinvestment period for a CLO may terminate early, which would cause the holders of the CLO's securities to receive principal payments earlier than anticipated. There can be no assurance that the Company will be able to reinvest such amounts in an alternative investment that provides a comparable return relative to the credit risk assumed.

**Interest Rate Risk**

The price of certain of the Company's investments may be significantly affected by changes in interest rates. Although senior secured loans are generally floating rate instruments, the Company's investments in senior secured loans through investments in junior equity and debt tranches of CLOs are sensitive to interest rate levels and volatility. For example, because the senior secured loans constituting the underlying collateral of CLOs typically pay a floating rate of interest, a reduction in interest rates would generally result in a reduction in the residual payments made to the Company as a CLO equity holder (as well as the cash flow the Company receives on the Company's CLO debt investments and other floating rate investments). Further, in the event of a significant rising interest rate environment and/or economic downturn, loan defaults may increase and result in credit losses that may adversely affect the Company's cash flow, fair value of the Company's assets and operating results. Because CLOs generally issue debt on a floating rate basis, an increase in the relevant benchmark index will increase the financing costs of CLOs. Furthermore, certain senior secured loans that constitute the collateral of the CLOs in which the Company invests may continue to pay interest at a floating rate based on Secured Overnight Financing Rate ("SOFR") or may convert to a fixed rate of interest.

**Counterparty Risk**

The Company may be exposed to counterparty risk, which could make it difficult for the Company or the issuers in which the Company invests to collect on obligations, thereby resulting in potentially significant losses.

**5. COMMON STOCK**

As of December 31, 2025, there were 450,000,000 shares of common stock authorized, of which 20,474,155 shares were issued and outstanding.

On June 13, 2024, (commencement of operations), the Company issued 16,020,000 shares of common stock in exchange for $320,400,000 of Private Fund net assets at a value of $20.00 per share.

Pursuant to the final prospectus filed on the IPO closing date on June 17, 2024, the Company issued 4,000,000 shares of common stock at an initial public offering price of $20.00 per share for net proceeds of $80,000,000.

On July 11, 2024, pursuant to the original IPO prospectus filed on the IPO closing date, the Company issued additional common stock via the overallotment of 175,000 shares at an initial public offering price of $20.00 per share for net proceeds of $3,500,000.

On March 14, 2025, the Company entered into a committed equity financing agreement ("Common Stock Purchase Agreement") with B. Riley Principal Capital II, LLC ("BRPC II"). Under this agreement, the Company has the right, but not the obligation, to direct BRPC II to purchase up to the lesser of (i) $25,000,000 in aggregate gross purchase price of our common stock and (ii) 4,052,100 shares of common stock over a 36-month period. Since inception of the agreement through December 31, 2025, BRPC II purchased 61,603 shares, resulting in $1,141,487 net proceeds to the Company.

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

On October 6, 2025, Sound Point Meridian Capital, Inc. (the "Company") entered into an equity distribution agreement, dated as of October 6, 2025 (the "Equity Distribution Agreement"), by and among the Company, Sound Point Management Company, LLC, the Company's investment adviser (the "Adviser"), Sound Point Administration LLC, the Company's administrator (the "Administrator"), AG Asset Strategies LLC (the "Selling Stockholder"), and each of Oppenheimer & Co. Inc., Lucid Capital Markets, LLC, and B. Riley Securities, Inc. (collectively, the "Placement Agents"), as placement agents and/or principals thereunder. Under the Equity Distribution Agreement, the Company may, but has no obligation to, issue and sell, from time to time, up to $100,000,000 in aggregate offering price of shares (the "Company Shares") of its common stock, par value $0.001 per share (the "Common Stock"), through the Placement Agents, or to them as principal for their own accounts. Under the Equity Distribution Agreement, the Selling Stockholder may, but has no obligation to, sell, from time to time, up to 5,297,083 shares of Common Stock (the "Selling Stockholder Shares" and, together with the Company Shares, the "Shares") through the Placement Agents, or to them as principal for their own accounts. Since the inception of the agreement through December 31st, the Company has issued 5,647 new shares, resulting in $95,807 net proceeds to the Company.

**6. MANDATORY REDEEMABLE PREFERRED SHARES**

The Company issued 4,600,000 shares of mandatorily redeemable preferred shares at a par value of $0.001 per share, and had 4,600,000 outstanding at December 31, 2025. As of December 31, 2025, the Company had two series outstanding: 8.00% Series A 2024 Preferred Shares and 7.875% Series B 2025 Preferred Shares (collectively, the "Preferred Shares").

The Company must redeem all outstanding Preferred Shares on their respective redemption dates at $25 per share plus any accumulated but unpaid dividends to the redemption date. The redemption obligation cannot be amended, altered, or repealed without the unanimous consent of the holders of the Preferred Shares. On or after the optional redemption date, the Company may, at its sole discretion, redeem the Preferred Shares at $25 per share plus any accumulated but unpaid dividends. With Board authorization, the Company may also repurchase Preferred Shares in the open market and extinguish the obligation. As of December 31, 2025, accumulated but unpaid dividends on the Series A and Series B Preferred Shares totaled $0.

The Company's Preferred Share balances as of December 31, 2025, were as follows:

---

| | | |
|:---|:---|:---|
|  | **8.00% Series A<br> 2024<br> Preferred Shares** | **7.875% Series B<br> 2025**<br> **Preferred Shares** |
| Shares outstanding at March 31, 2025 | 2300000 |  |
| Shares issued |  | 2300000 |
| Shares redeemed | – | – |
| Shares outstanding at December 31, 2025 | 2300000 | 2300000 |

---

---

| | | |
|:---|:---|:---|
|  | **8.00% Series A<br> 2024<br> Preferred Shares** | **7.875% Series B<br> 2025 <br>Preferred Shares** |
| Principal value | $57500000 | $57500000 |
| Deferred issuance cost | (1608981) | (2143993) |
| Carrying value | $55891019 | $55356007 |
| Fair value<sup>(1)</sup> | $57983000 | $58052000 |
| Fair value price per share<sup>(1)</sup> | $25.21 | $25.24 |

---

*<sup>(1)</sup>* *Represents the December 31, 2025 closing market price per share of Series A and Series B Preferred shares on the NYSE.*

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

The terms of the Company's Preferred Share offerings are as set forth in the table below:

---

| | | |
|:---|:---|:---|
|  | **8.00% Series A<br> 2024<br> Preferred Shares** | **7.875% Series B<br> 2025**<br> **Preferred Shares** |
| Offering price per share | $25.00 | $25.00 |
| Term redemption date | November 30, 2029 | July 31, 2030 |
| Term redemption price per share | $25.00 | $25.00 |
| Optional redemption date | November 30, 2026 | July 31, 2027 |
| Stated interest rate | 8.00% | 7.785% |

---

The table below summarizes the components of interest expense, effective interest rates and cash paid on the Preferred Shares for the period ended December 31, 2025:

---

| | | |
|:---|:---|:---|
|  | **8.00% Series A<br> 2024<br> Preferred Shares** | **7.875% Series B<br> 2025**<br> **Preferred Shares** |
| Stated interest expense | $3450069 | $2086963 |
| Amortization of deferred issuance costs | $383341 | $377344 |
| Total interest expense | $3833410 | $2464307 |
| Weighted average effective interest rate | 8.30% | 8.17% |

---

**7. REVOLVING CREDIT FACILITY**

The Company may utilize leverage to the extent permitted by the 1940 Act. The Company may obtain leverage using any form of financial leverage instruments, including funds borrowed from banks or other financial institutions, margin facilities, notes or preferred shares and leverage attributable to repurchase agreements or similar transactions. Instruments that create leverage are generally considered to be senior securities under the 1940 Act. The use of leverage creates an opportunity for increased net income and capital appreciation, but also creates additional risks and expenses which will be borne entirely by common stockholders. The Company's leverage strategy may not ultimately be successful.

On July 8, 2024, the Company entered into a $100,000,000 revolving credit facility with CIBC (the "Revolving Credit Facility"), which may be increased up to $125,000,000 at the option of existing and/or new lenders (the "Commitment Amount"). The Revolving Credit Facility is secured by a first-priority perfected security interest in substantially all of the assets of the Company, including, without limitation, all eligible portfolio investments of the Company, subject to certain exceptions. Borrowings under the Revolving Credit Facility bear interest at term SOFR for 1 month or 3 month plus a margin of 3.75% per annum.

On August 6, 2025, the Company amended its Revolving Credit Agreement with the CIBC. The amendment extends the facility's maturity to August 4, 2028, and permits one optional 364-day extension. The aggregate commitment increases up to $150 million.

Borrowings continue to bear interest at Term SOFR for 1 month or 3 month plus 3.75%. A 0.50% commitment fee applies to unused commitments when utilization falls below 70%. Prepayments are prohibited prior to August 6, 2026, without lender consent, after which prepayment premiums decline from 1.00% to 0%.

The facility remains secured by substantially all Company assets, with Bank of New York Mellon serving as custodian and collateral agent. The amendment maintains key covenants, including a maximum loan-to-value ratio of 50% and compliance with the 200% asset coverage requirement under the Investment Company Act of 1940.

As of December 31, 2025, the Company had outstanding borrowings of $70,000,000 at a blended current yield of 7.80%. The interest expense for the period ending December 31, 2025 on the Revolving Credit Facility was $4,032,305 and is recorded in interest expense on the Statement of Operations. As of December 31, 2025, the Company was in compliance with financial and collateral coverage covenants under the Revolving Credit Facility.

See Note 9 "Asset Coverage" for further discussion on the Company's calculation of asset coverage with respect to the Revolving Credit Facility.

**8. ASSET COVERAGE**

Under the provisions of the 1940 Act, the Company is permitted to issue senior securities, including debt securities and preferred shares, and borrowings from banks or other financial institutions, provided that the Company satisfies certain asset coverage requirements.

<u>Sound Point Meridian Capital, Inc.</u>   <u>Notes to Financial Statements</u> <br> December 31, 2025 (Unaudited)

With respect to senior securities that are stocks, such as the Preferred Shares, the Company is required to have asset coverage of at least 200%, as measured at the time of issuance of any such senior securities that are stocks and calculated as the ratio of the Company's total assets, less all liabilities and indebtedness not represented by senior securities, over the aggregate amount of the Company's outstanding senior securities representing indebtedness plus the aggregate liquidation preference of any outstanding shares of senior securities that are stocks.

With respect to senior securities representing indebtedness, such as the Revolving Credit Facility or any bank borrowings (other than temporary borrowing as defined under the 1940 Act), the Company is required to have asset coverage of at least 300%, as measured at the time of borrowing and calculated as the ratio of the Company's total assets, less all liabilities and indebtedness not represented by senior securities, over the aggregate amount of the Company's outstanding senior securities representing indebtedness.

If the Company's asset coverage declines below 300% (or 200%, as applicable), the Company would be prohibited under the 1940 Act from incurring additional debt or issuing additional preferred shares and from declaring certain distributions to its stockholders. In addition, if applicable, financing documents may require the Company to cure coverage shortfalls within specified time frames.

The following table summarizes the Company's asset coverage with respect to its Preferred Shares and Revolving Credit Facility as of December 31, 2025:

---

| | |
|:---|:---|
|  | **As of<br> December 31,<br> 2025** |
| Total Assets | $475140284 |
| Less liabilities and debt not represented by senior securities | (2267880) |
| Net total assets and liabilities not represented by senior securities | $472872404 |
| Revolving Credit Facility | $70000000 |
| Preferred Shares | $115000000 |
| Asset coverage for senior securities represented by debt (300%)<sup>(1)</sup> | 676% |
| Asset coverage for senior securities including preferred shares (200%)<sup>(2)</sup> | 256% |

---

*<sup>(1)</sup>* *Asset coverage for senior securities represented by debt is calculated in accordance with Section 18(h) of the 1940 Act.*

*<sup>(2)</sup>* *Asset coverage for senior securities including preferred shares, is calculated in accordance with Section 18(h) of the 1940 Act.*

**9. COMMITMENTS AND CONTINGENCIES**

As of December 31, 2025, the Company did not have any unfunded commitments.

The total commitment amount does not necessarily represent future cash requirements. The Company is not currently subject to any material legal proceedings. From time to time, the Company may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Company's rights under contracts. While the outcome of these legal proceedings cannot be predicted with certainty, the Company does not expect these proceedings will have a material effect upon its financial condition or results of operations.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Sound Point Meridian Capital Inc.

- **b. Investment Company Act file number:** 811-23881

- **c. CIK number of Registrant:** 0001930147

- **d. LEI of Registrant:** 2138003DILFQKEPAD871

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 375 PARK AVENUE 33RD FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10152

  - **Telephone number:** 212-895-2280

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sound Point Meridian Capital Inc.

- **c. LEI of Series:** 2138003DILFQKEPAD871

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $478497591.53

**Total Liabilities:** $190625187.22

**Net Assets:** $287872404.31

**Cash Not Reported:** $525402.81

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -3.05%               | -6.34%               | -8.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-236663.26              | $-12928372.74                              |
| Month 2  | $-838342.61              | $-26642402.29                              |
| Month 3  | $-232.86                 | $-12255800.38                              |

### Schedule of Portfolio Investments

| Name                                       | Title                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cifc Funding Ltd                           | CIFC Funding 2014-V, Ltd.                     | CUSIP: 12550BAE4<br>LEI: 549300Y56VCWZJQV2Z14 | Long             | ABS-O            | CORP              | KY        |  16537600 | PA      | $4993693.70   | 1.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Benefit Street Partners Clo Ltd            | Benefit Street Partners CLO XXXIV, Ltd.       | CUSIP: 081923AC8<br>LEI: 25490002NPB1AZIR3342 | Long             | ABS-O            | CORP              | KY        |  13841800 | PA      | $9710022.70   | 3.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2024-35, Ltd.                         | CUSIP: 671064AC7<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-O            | CORP              | JE        |  29749650 | PA      | $19337272.50  | 6.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Clo Ltd                               | Ares Loan Funding V, Ltd.                     | CUSIP: 04020PAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   2677500 | PA      | $1434684.83   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | Rockford Tower CLO 2025-1, Ltd.               | CUSIP: 77341BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $308538.82    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Credit Clo, Limited           | Bain Capital Credit CLO 2023-2, Ltd.          | CUSIP: 05685DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   3690000 | PA      | $2257320.60   | 0.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Danby Park Clo, Ltd                        | Danby Park CLO, Ltd.                          | CUSIP: 23605DAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $154775.67    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | Benefit Street Partners CLO IX, Ltd.          | CUSIP: 08181E202<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      2250 | PA      | $1755517.50   | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 28, Ltd.                              | CUSIP: 00120XAC6<br>LEI: 2549006PN3V33YGKK115 | Long             | ABS-O            | CORP              | JE        |  17771250 | PA      | $12062946.79  | 4.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kennedy Lewis Clo Ltd                      | Kennedy Lewis CLO 12, Ltd.                    | CUSIP: 37147WAC9<br>LEI: 549300OPJWALMOKFT505 | Long             | ABS-O            | CORP              | KY        |    750000 | PA      | $416895.00    | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 119 CLO, Ltd.                          | CUSIP: 26254LAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5468000 | PA      | $3512752.56   | 1.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 30 Funding Ltd.                    | Regatta 30 Funding, Ltd.                      | CUSIP: 75903WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8685300 | PA      | $6009359.07   | 2.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 30 Funding Ltd.                    | Regatta 30 Funding, Ltd.                      | CUSIP: 75903WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $0.09         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 93 CLO, Ltd.                           | CUSIP: 26251TAC1<br>LEI: 5493009K6Z2DW3X76185 | Long             | ABS-O            | CORP              | KY        |    318000 | PA      | $94185.24     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | AGL CLO 30, Ltd.                              | CUSIP: 00120YAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $100798.68    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Benefit Street Partners Clo Ltd            | Benefit Street Partners CLO XXVII, Ltd.       | CUSIP: 08182QAE5<br>LEI: 254900WANE6M5S0NC534 | Long             | ABS-O            | CORP              | JE        |   7080500 | PA      | $6530840.79   | 2.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta Xxi Funding Ltd                    | Regatta XXI Funding, Ltd.                     | CUSIP: 75889KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2193000 | PA      | $1035183.72   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2022-2, Ltd.               | CUSIP: 77340NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $752159.49    | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman Clo Ltd                   | Neuberger Berman Loan Advisers CLO 54, Ltd.   | CUSIP: 64135RAC8<br>LEI: 2549008MU2CMQ0UY7J70 | Long             | ABS-O            | CORP              | JE        |   3981600 | PA      | $2532018.89   | 0.88%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                | Balboa Bay Loan Funding 2025-2, Ltd.          | CUSIP: 057917AE6<br>LEI: 2549002Z9TKO9WGID477 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $115925.74    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kkr Financial Clo Ltd                      | KKR CLO 40, Ltd.                              | CUSIP: 48254WAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   9394000 | PA      | $2685368.84   | 0.93%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 24, Ltd.                              | CUSIP: 00120HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $254077.49    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2022-6, Ltd.                   | CUSIP: 14317NAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5945940 | PA      | $4751638.49   | 1.65%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 30, Ltd.                              | CUSIP: 00120YAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   6987330 | PA      | $4216504.29   | 1.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 107 CLO, Ltd.                          | CUSIP: 26254GAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $222751.66    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lewey Park Clo Ltd                         | Lewey Park CLO, Ltd.                          | CUSIP: 527582AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $637372.58    | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2023-1, Ltd.               | CUSIP: 77341UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8806875 | PA      | $6541042.20   | 2.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | Warwick Capital CLO 6, Ltd.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |         0 | PA      | $45132.12     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2023-1, Ltd.               | CUSIP: 77341UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $270174.22    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2022-6, Ltd.                   | CUSIP: 14317NAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $132149.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kkr Financial Clo Ltd                      | KKR CLO 44, Ltd.                              | CUSIP: 497916AE6<br>LEI: 254900ADEC5BQFZA7W53 | Long             | ABS-O            | CORP              | KY        |  10809375 | PA      | $7543538.53   | 2.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lodi Park Clo Ltd                          | Lodi Park CLO, Ltd.                           | CUSIP: 540365AE3<br>LEI: 391200GQ88V33AWI7H75 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $211600.46    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ab Bsl Clo 1 Ltd                           | AB BSL CLO 5, Ltd.                            | CUSIP: 00038HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1786080 | PA      | $1136268.37   | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ab Bsl Clo 1 Ltd                           | AB BSL CLO 6, Ltd.                            | CUSIP: 00039MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $259596.87    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2024-1, Ltd.               | CUSIP: 77342CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8155240 | PA      | $5395017.47   | 1.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Park Blue Clo Ltd                          | Park Blue CLO 2025-VII, Ltd.                  | CUSIP: 70019JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13076910 | PA      | $10564574.05  | 3.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 28, Ltd.                              | CUSIP: 00120XAC6<br>LEI: 2549006PN3V33YGKK115 | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $261001.69    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Warwick Capital Clo Ltd                    | Warwick Capital CLO 6, Ltd.                   | CUSIP: 93656HAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2603600 | PA      | $1779716.82   | 0.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rad Clo Ltd                                | RAD CLO 24, Ltd.                              | CUSIP: 75010DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1450575 | PA      | $807172.46    | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lodi Park Clo Ltd                          | Lodi Park CLO, Ltd.                           | CUSIP: 540365AC7<br>LEI: 391200GQ88V33AWI7H75 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $0.02         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lewey Park Clo Ltd                         | Lewey Park CLO, Ltd.                          | CUSIP: 527582AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  31162500 | PA      | $22652021.25  | 7.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tallman Park Clo, Ltd.                     | Tallman Park CLO, Ltd.                        | CUSIP: 874779AC5<br>LEI: 549300F1X3PF0EWH0F90 | Long             | ABS-O            | CORP              | KY        |    245265 | PA      | $121514.09    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Eaton Vance Cdo Ltd                        | Eaton Vance CLO 2019-1, Ltd.                  | CUSIP: 27830VAE0<br>LEI: 5493007R7GEORNX00105 | Long             | ABS-O            | CORP              | KY        |    100000 | PA      | $29261.00     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Galaxy Clo Ltd                             | Galaxy 36 CLO, Ltd.                           | CUSIP: 362959AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $68190.62     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman Clo Ltd                   | Neuberger Berman Loan Advisers Clo 43, Ltd.   | CUSIP: 64134DAC0<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-O            | CORP              | KY        |   3250000 | PA      | $1632995.00   | 0.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 33, Ltd.                              | CUSIP: 00121EAB9<br>LEI: 254900FQ0489DHYW7509 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $279724.14    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kennedy Lewis Clo Ltd                      | Kennedy Lewis CLO 3, Ltd.                     | CUSIP: 98625VAC4<br>LEI: 549300TKWX739FHPEQ97 | Long             | ABS-O            | CORP              | KY        |   2422500 | PA      | $772511.03    | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Eaton Vance Cdo Ltd                        | Eaton Vance CLO 2019-1, Ltd.                  | CUSIP: 27830VAE0<br>LEI: 5493007R7GEORNX00105 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $468305.07    | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital Clo Ltd                  | Anchorage Capital Clo 24, Ltd.                | CUSIP: 03331HAC0<br>LEI: 549300X5ZN5RMBYQ2W98 | Long             | ABS-O            | CORP              | JE        |  23490000 | PA      | $7408746.00   | 2.57%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2022-4, Ltd.                   | CUSIP: 14317EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12241800 | PA      | $9915858.00   | 3.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tallman Park Clo, Ltd.                     | Tallman Park CLO, Ltd.                        | CUSIP: G8664VAB0<br>LEI: 549300F1X3PF0EWH0F90 | Long             | ABS-O            | CORP              | KY        |   1976000 | PA      | $978989.44    | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital Clo Ltd                  | Anchorage Capital Clo 16, Ltd.                | CUSIP: 03330XAC6<br>LEI: 5493008M7D1YIDOH2C69 | Long             | ABS-O            | CORP              | KY        |   2023100 | PA      | $862852.15    | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Lxviii Clo Ltd                        | Ares LXVIII CLO, Ltd.                         | CUSIP: 039942AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |     51000 | PA      | $52305.75     | 0.02%             | 2035-04-25      | Floating      | 10.08%                | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Eaton Vance Clo Ltd         | Morgan Stanley Eaton Vance CLO 2022-18, Ltd.  | CUSIP: 617925AC6<br>LEI: 549300O0I1STG733YG49 | Long             | ABS-O            | CORP              | KY        |   5951000 | PA      | $3584287.30   | 1.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta Xiii Funding Llc                   | Regatta XIII Funding, Ltd.                    | CUSIP: 75888GAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  20210000 | PA      | $439573.12    | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Lxviii Clo Ltd                        | Ares LXVIII CLO, Ltd.                         | CUSIP: 039942AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   3600000 | PA      | $2499228.00   | 0.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2023-5, Ltd.                   | CUSIP: 14319NAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8085225 | PA      | $7164075.32   | 2.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Credit Clo, Limited           | Bain Capital Credit Clo 2019-4, Ltd.          | CUSIP: 05682XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    300000 | PA      | $120189.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Eaton Vance Clo 2022-17 Ltd | Morgan Stanley Eaton Vance CLO 2022-17A, Ltd. | CUSIP: 617923AE7<br>LEI: 549300RFKYK6CU6TNR14 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $259812.16    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kkr Financial Clo Ltd                      | KKR CLO 40, Ltd.                              | CUSIP: 48254WAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1397000 | PA      | $1379012.88   | 0.48%             | 2034-10-20      | Floating      | 7.25%                 | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2023-28, Ltd.                         | CUSIP: 671002AC7<br>LEI: 2138002ZIH5ZX5JB4G62 | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $35818.93     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 107 CLO, Ltd.                          | CUSIP: 26254GAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  11345200 | PA      | $7255255.40   | 2.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Anchorage Capital Clo Ltd                  | Anchorage Capital Clo 18, Ltd.                | CUSIP: 03331BAG4<br>LEI: 549300JIJ617WYIUFX18 | Long             | ABS-O            | CORP              | KY        |   1800000 | PA      | $358020.00    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Riverbank Park Clo Ltd                     | Riverbank Park Clo, Ltd.                      | CUSIP: 76857KAC3<br>LEI: 391200XRMVMR7GI9DR39 | Long             | ABS-O            | CORP              | KY        |   3052500 | PA      | $2314893.90   | 0.80%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Palmer Square Clo Ltd                      | Palmer Square CLO 2024-1, Ltd.                | CUSIP: 69703KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3200000 | PA      | $2247520.00   | 0.78%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Birch Grove Clo Ltd.                       | Birch Grove CLO 4, Ltd.                       | CUSIP: 09077EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8600000 | PA      | $5733362.00   | 1.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bbam Us Clo Ltd.                           | BBAM US CLO III, Ltd.                         | CUSIP: 054972AC8<br>LEI: 54930064Z7YZMOXBC128 | Long             | ABS-O            | CORP              | KY        |   6750000 | PA      | $4926150.00   | 1.71%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2023-28, Ltd.                         | CUSIP: 671002AC7<br>LEI: 2138002ZIH5ZX5JB4G62 | Long             | ABS-O            | CORP              | JE        |    690000 | PA      | $547487.40    | 0.19%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 83 CLO, Ltd.                           | CUSIP: 26246FAC9<br>LEI: 2549001LFFVBUD1OX384 | Long             | ABS-O            | CORP              | KY        |   8483559 | PA      | $3231811.80   | 1.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2022-2, Ltd.               | CUSIP: 77340NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  17854900 | PA      | $8381804.26   | 2.91%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ares Clo Ltd                               | Ares LXX CLO, Ltd.                            | CUSIP: 039952AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  10125000 | PA      | $7371202.50   | 2.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2024-31, Ltd.                         | CUSIP: 67570BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   4570160 | PA      | $3494298.63   | 1.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 87 CLO, Ltd.                           | CUSIP: 26246HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4247100 | PA      | $1444438.71   | 0.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | Balboa Bay Loan Fnding SUB Running Fee Note   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |         0 | PA      | $155189.33    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta Xxviii Funding Ltd.                | Regatta XXVIII Funding, Ltd.                  | CUSIP: 75901QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2656000 | PA      | $1408662.72   | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Eaton Vance Clo 2022-17 Ltd | Morgan Stanley Eaton Vance CLO 2022-17A, Ltd. | CUSIP: 617923AE7<br>LEI: 549300RFKYK6CU6TNR14 | Long             | ABS-O            | CORP              | KY        |  15810000 | PA      | $7705319.70   | 2.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rad Clo Ltd                                | RAD CLO 26, Ltd.                              | CUSIP: 75009WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $117940.18    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Benefit Street Partners Clo Ltd            | Benefit Street Partners CLO XV, Ltd.          | CUSIP: 08179NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6566327 | PA      | $2881698.27   | 1.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Credit Clo, Limited           | Bain Capital Credit CLO 2022-4, Ltd.          | CUSIP: 05685CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  12945000 | PA      | $6230816.85   | 2.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Danby Park Clo, Ltd                        | Danby Park CLO, Ltd.                          | CUSIP: 23605DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    117500 | PA      | $75606.55     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cifc Funding Ltd                           | CIFC Funding 2018-V, Ltd.                     | CUSIP: 12551XAC9<br>LEI: 2549007CW2XYI54L0R94 | Long             | ABS-O            | CORP              | KY        |    800000 | PA      | $324584.00    | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman Clo Ltd                   | Neuberger Berman Loan Advisers Clo 57, Ltd.   | CUSIP: 64135YAC3<br>LEI: 2549000I5N6JRKAGRP48 | Long             | ABS-O            | CORP              | KY        |   7527000 | PA      | $5521656.66   | 1.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ballyrock Ltd                              | Ballyrock CLO 23, Ltd.                        | CUSIP: 05875RAC5<br>LEI: 254900TBQBTBNIDKIF15 | Long             | ABS-O            | CORP              | JE        |   3100000 | PA      | $1758940.00   | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 113 CLO, Ltd.                          | CUSIP: 26253FAA3<br>LEI: 254900XN9Y85HJGYJ219 | Long             | ABS-O            | CORP              | JE        |    578825 | PA      | $387523.34    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 35 Funding Ltd.                    | Regatta 35 Funding, Ltd.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $164226.77    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Morgan Stanley Eaton Vance Clo Ltd         | Morgan Stanley Eaton Vance CLO 2022-18, Ltd.  | CUSIP: 617925AC6<br>LEI: 549300O0I1STG733YG49 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $55828.59     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rr Ltd                                     | RRAM 2024-28, Ltd.                            | CUSIP: 402564AC2<br>LEI: 254900ZSKVCYOXP11C98 | Long             | ABS-O            | CORP              | KY        |  10802400 | PA      | $4822191.36   | 1.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Credit Clo, Limited           | Bain Capital Credit CLO 2023-1, Ltd.          | CUSIP: 05685PAC9<br>LEI: 549300OV3LSQ8RJ1DY13 | Long             | ABS-O            | CORP              | JE        |  12579000 | PA      | $6693537.48   | 2.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2025-40, Ltd.                         | CUSIP: 67570GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  16712800 | PA      | $12690029.04  | 4.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Warwick Capital Clo Ltd                    | Warwick Capital CLO 6, Ltd.                   | CUSIP: 93656HAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $51110.33     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kennedy Lewis Clo Ltd                      | Kennedy Lewis CLO 6, Ltd.                     | CUSIP: 98625PAC7<br>LEI: 254900V675MOVWK0HA08 | Long             | ABS-O            | CORP              | KY        |   1300000 | PA      | $604890.00    | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | Carlyle US CLO 2024-5, Ltd.                   | CUSIP: 14319LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  20966850 | PA      | $14751436.99  | 5.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 33, Ltd.                              | CUSIP: 00121EAB9<br>LEI: 254900FQ0489DHYW7509 | Long             | ABS-O            | CORP              | KY        |  19600000 | PA      | $12227656.00  | 4.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bain Capital Credit Clo, Limited           | Bain Capital Credit CLO 2023-4, Ltd.          | CUSIP: 05685FAC1<br>LEI: 254900ZFJ59QPVWB0563 | Long             | ABS-O            | CORP              | KY        |   8216975 | PA      | $4823446.49   | 1.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kkr Financial Clo Ltd                      | KKR CLO 48, Ltd.                              | CUSIP: 48256FAE6<br>LEI: 549300GM4MA615ZG7468 | Long             | ABS-O            | CORP              | JE        |   5630625 | PA      | $3362440.33   | 1.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rockford Tower Clo Ltd                     | Rockford Tower CLO 2025-1, Ltd.               | CUSIP: 77341BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13064058 | PA      | $8940518.73   | 3.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Galaxy Clo Ltd                             | Galaxy 36 CLO, Ltd.                           | CUSIP: 362959AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $96205.47     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cifc Funding Ltd                           | CIFC Funding 2017-V, Ltd.                     | CUSIP: 12551NAC1<br>LEI: 635400BTAKRBKGRV3X14 | Long             | ABS-O            | CORP              | KY        |   3025000 | PA      | $936721.50    | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Benefit Street Partners Clo Ltd            | Benefit Street Partners CLO 43, Ltd.          | CUSIP: 08182UAC0<br>LEI: 254900TPMKEES6UQHQ33 | Long             | ABS-O            | CORP              | KY        |   3610000 | PA      | $2815800.00   | 0.98%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 102 CLO, Ltd.                          | CUSIP: 26253UAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  15246000 | PA      | $9927432.90   | 3.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Danby Park Clo, Ltd                        | Danby Park CLO, Ltd.                          | CUSIP: 23605DAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |         0 | PA      | $66332.37     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Green Lakes Park Clo Llc                   | Green Lakes Park CLO LLC                      | CUSIP: 00140EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2021760 | PA      | $1311455.06   | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Park Blue Clo Ltd                          | Park Blue CLO 2024-VI, Ltd.                   | CUSIP: 70019LAC9<br>LEI: 213800RLFYTJFPXOL592 | Long             | ABS-O            | CORP              | KY        |  18321225 | PA      | $12529885.78  | 4.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 35 Funding Ltd.                    | Regatta 35 Funding, Ltd.                      | CUSIP: 75904EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $246029.81    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta 35 Funding Ltd.                    | Regatta 35 Funding, Ltd.                      | CUSIP: 75904EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12200000 | PA      | $9238450.00   | 3.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lodi Park Clo Ltd                          | Lodi Park CLO, Ltd.                           | CUSIP: 540365AC7<br>LEI: 391200GQ88V33AWI7H75 | Long             | ABS-O            | CORP              | KY        |  10593285 | PA      | $6777689.68   | 2.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rad Clo Ltd                                | RAD CLO 26, Ltd.                              | CUSIP: 75009WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  14676900 | PA      | $9160000.06   | 3.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Park Blue Clo Ltd                          | Park Blue CLO 2022-1, Ltd.                    | CUSIP: 699903AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  13775000 | PA      | $6106182.00   | 2.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Lewey Park Clo Ltd                         | Lewey Park CLO, Ltd.                          | CUSIP: 527582AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $0.03         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cifc Funding Ltd                           | CIFC Funding 2017-I, Ltd.                     | CUSIP: 12551BAC7<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-O            | CORP              | KY        |  10168153 | PA      | $3395451.33   | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kkr Financial Clo Ltd                      | KKR CLO 47, Ltd.                              | CUSIP: 48190EAE8<br>LEI: 254900X4Y2IUWMENHX76 | Long             | ABS-O            | CORP              | KY        |   3567500 | PA      | $2517085.30   | 0.87%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                        | Rockford Tower CLO 2024-1, Ltd.               | CUSIP: 77342CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $56799.92     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Birch Grove Clo Ltd.                       | Birch Grove Clo 9, Ltd.                       | CUSIP: 09077XAE6<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-O            | CORP              | KY        |   6090000 | PA      | $4800381.60   | 1.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2020-20, Ltd.                         | CUSIP: 670864AC1<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $1234280.00   | 0.43%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Agl Clo 1 Ltd.                             | AGL CLO 24, Ltd.                              | CUSIP: 00120HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |  11216400 | PA      | $7415722.86   | 2.58%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tcw Clo 2021-1, Ltd.                       | TCW CLO 2021-1, Ltd.                          | CUSIP: 87190LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    778400 | PA      | $272689.09    | 0.09%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Point Clo, Ltd                      | Silver Point CLO 11, Ltd.                     | CUSIP: 82809YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2000000 | PA      | $1620000.00   | 0.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Benefit Street Partners Clo Ltd            | Benefit Street Partners CLO XXXII, Ltd.       | CUSIP: 08181GAC2<br>LEI: 2549003NV71H6I4TDQ63 | Long             | ABS-O            | CORP              | JE        |  19608000 | PA      | $16864252.56  | 5.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2022-24, Ltd.                         | CUSIP: 67119NAC0<br>LEI: 254900KJTZSIMELS6Y52 | Long             | ABS-O            | CORP              | JE        |   9938088 | PA      | $5407313.68   | 1.88%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Regatta Xxvii Funding Ltd.                 | Regatta XXVII Funding, Ltd.                   | CUSIP: 758973AC5<br>LEI: 213800A3LAH3GG226R43 | Long             | ABS-O            | CORP              | JE        |    660000 | PA      | $388436.40    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Galaxy Clo Ltd                             | Galaxy 36 CLO, Ltd.                           | CUSIP: 362959AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3600000 | PA      | $2813004.00   | 0.98%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rr 36 Ltd                                  | RRAMX 2021-6A, Ltd.                           | CUSIP: 40256HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  24243000 | PA      | $11548153.05  | 4.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                    | Dryden 76 CLO, Ltd.                           | CUSIP: 26252XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  14368180 | PA      | $3609143.13   | 1.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silver Point Clo, Ltd                      | Silver Point CLO 10, Ltd.                     | CUSIP: 827910AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1335000 | PA      | $1047975.00   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Neuberger Berman Clo Ltd                   | Neuberger Berman Loan Advisers CLO 55, Ltd.   | CUSIP: 640982AE4<br>LEI: 254900P6M7LX99MHDX34 | Long             | ABS-O            | CORP              | JE        |   1036000 | PA      | $652088.24    | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ocp Clo Ltd                                | OCP CLO 2021-22, Ltd.                         | CUSIP: 67118JAC0<br>LEI: 254900PS626FB00CVF06 | Long             | ABS-O            | CORP              | KY        |   4632457 | PA      | $2367509.80   | 0.82%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Elmwood Clo 32 Ltd                         | Elmwood CLO 32, Ltd.                          | CUSIP: 29004EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   9690000 | PA      | $6465361.80   | 2.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Riverbank Park Clo Ltd                     | Riverbank Park Clo, Ltd.                      | CUSIP: 76857KAE9<br>LEI: 391200XRMVMR7GI9DR39 | Long             | ABS-O            | CORP              | KY        |         0 | PA      | $173374.66    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Carlyle Global Market Strategies           | CARLYLE US CLO 2023-1, Ltd.                   | CUSIP: 14318YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5384375 | PA      | $3530911.59   | 1.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ab Bsl Clo 1 Ltd                           | AB BSL CLO 6, Ltd.                            | CUSIP: 00039MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   8173770 | PA      | $6717612.87   | 2.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                | Balboa Bay Loan Funding 2025-2, Ltd.          | CUSIP: 057917AE6<br>LEI: 2549002Z9TKO9WGID477 | Long             | ABS-O            | CORP              | KY        |   4996200 | PA      | $4391659.80   | 1.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kennedy Lewis Clo Ltd                      | Kennedy Lewis CLO 9, Ltd.                     | CUSIP: 37147MAC1<br>LEI: 549300OYEZ11WGJ2SS19 | Long             | ABS-O            | CORP              | KY        |   5160000 | PA      | $2402960.40   | 0.83%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Sound Point Meridian Capital Inc.

**Signature:** Kevin Gerlitz

**Name of Signer:** Kevin Gerlitz

**Title:** Chief Financial Officer