false

SOUND POINT ALTERNATIVE INCOME FUND

General Description of Registrant [Abstract]

Principal Risks

No Operating History

The Fund is a newly organized, non-diversified, closed-end management investment company with no operating history. The Fund is subject to all of the business risks and uncertainties associated with any new business, including the risk that the Fund will not achieve its investment objectives and that the value of Shares could decline substantially. It is designed for long-term investing and not as a vehicle for trading.

Non-Diversified Status

The Fund is a “non-diversified” management investment company. Thus, there are no percentage limitations imposed by the Investment Company Act on the Fund’s assets that may be invested, directly or indirectly, in the securities of any one issuer. Consequently, if one or more investments are allocated a relatively large percentage of the Fund’s assets, losses suffered by such investment could result in a higher reduction in the Fund’s capital than if such capital had been more proportionately allocated among a larger number of investments. The Fund may also be more susceptible to any single economic or regulatory occurrence than a diversified investment company.

Daily Valuation Risk

The Shares are offered daily, with a daily calculation of the NAV per Share. While the Valuation Designee aims to assess significant information about the Fund’s holdings on a daily basis, there may be instances where it is unable to acquire or evaluate such information properly. Consequently, the Valuation Designee fair value assessments could lead to significant disparities between the Fund’s NAV on a valuation day and what it would have been had all information been fully incorporated. This may result in investors receiving either more or fewer Shares upon purchase, and more or fewer cash proceeds upon tendering their Shares, than they would have otherwise expected.

Credit Risk

One of the fundamental risks associated with the Fund’s investments is credit risk, which is the risk that an issuer will be unable to make principal and interest payments on its outstanding debt obligations when due. The Fund’s return to investors would be adversely impacted if an issuer of debt in which the Fund invests becomes unable to make such payments when due.

Outstanding Securities [Table Text Block]

Assets:
Investments, at value (cost $30,821,421)	$	30,890,365
Cash		30,999
Receivables:
Investment securities sold		6,694,692
Dividends and interest		87,966
Due from adviser		16,279
Deferred offering costs (Note 2)		353,082
Prepaid expenses		3,060
Total assets		38,076,443

Liabilities:
Payables:
Investment securities purchased		5,919,585
Fund accounting and administration fees (Note 6)		13,899
Due to Investment Adviser (Note 2)		353,049
Audit fees		45,703
Legal fees		19,726
Transfer Agency fees and expenses		2,518
Trustees’ fees and expenses		1,429
Other accrued expenses		19,654
Total liabilities		6,375,563
Net Assets	$	31,700,880

Components of Net Assets:
Paid-in capital (par value of $0.001 per share with an unlimited number of shares authorized)	$	31,465,468
Total distributable earnings		235,412
Net Assets	$	31,700,880

Maximum Offering Price per Share:
Class I Shares:
Net assets applicable to shares outstanding	$	31,700,880
Shares of beneficial interest issued and outstanding		1,570,702
Net asset value, offering, and redemption price per share	$	20.18

Risk [Text Block]

No Operating History

The Fund is a newly organized, non-diversified, closed-end management investment company with no operating history. The Fund is subject to all of the business risks and uncertainties associated with any new business, including the risk that the Fund will not achieve its investment objectives and that the value of Shares could decline substantially. It is designed for long-term investing and not as a vehicle for trading.

General Description of Registrant [Abstract]

Risk [Text Block]

Daily Valuation Risk

The Shares are offered daily, with a daily calculation of the NAV per Share. While the Valuation Designee aims to assess significant information about the Fund’s holdings on a daily basis, there may be instances where it is unable to acquire or evaluate such information properly. Consequently, the Valuation Designee fair value assessments could lead to significant disparities between the Fund’s NAV on a valuation day and what it would have been had all information been fully incorporated. This may result in investors receiving either more or fewer Shares upon purchase, and more or fewer cash proceeds upon tendering their Shares, than they would have otherwise expected.

General Description of Registrant [Abstract]