Source Capital (SOR) Stock

LOS ANGELES--(BUSINESS WIRE)--Source Capital (NYSE: SOR), a closed-end fund (“Source”), is interested in discussing a potential merger with 180 Degree Capital Corp. (NASDAQ: TURN) (“TURN”). First Pacific Advisors, LP (“FPA”), is the adviser to Source and is a registered investment adviser. FPA currently manages $27 billion, which includes $350 million1 related to its management of Source. FPA has a long history of investment excellence - of the 150 largest mutual fund families in the United Sta.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for March 2025 as follows: Regular Monthly Distribution: Month Rate per Common Share Record Date Payable Date March 2025 $0.2083 March 14, 2025 March 31, 2025 About Source Capital Source Capital is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under the symb.

Source Capital (SOR) has delivered a 19% total return in 2024, benefiting from active management and a 60/40 allocation, despite a challenging fixed income market. SOR's active management allows for dynamic risk adjustments, maintaining a low duration profile and significant cash holdings, enhancing its performance amid rising interest rates. The fund's current valuation shows a tight discount to NAV at -2%, suggesting overvaluation compared to historical norms, prompting a shift to 'Hold'.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved a special distribution in December as follows: Special Distribution: Month Rate per Common Share Record Date Payable Date December 2024 $2.65841 December 30, 2024 January 9, 2025 The Internal Revenue Code requires a regulated investment company to distribute substantially all of its net investment income and net realized capital gains to shareholders of record on or before December 31.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved a special distribution: Special Distribution: Month Rate per Common Share Record Date Payable Date December 2024 $TBD* December 30, 2024 January 9, 2025 *The final rate is estimated to be approximately 1%-3% of net asset value and is expected to be determined on or about December 27, 2024. About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by Fi.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions:    Month Rate per Common Share    Record Date    Payable Date December 2024 $0.2083 December 16, 2024 December 30, 2024 January 2025 $0.2083 January 17, 2025 January 31, 2025 February 2025 $0.2083 February 14, 2025 February 28, 2025 About Source Capital.

LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today announced that for the Fund's Discount Management Program (the “Program”) measurement period from January 1, 2023 through December 31, 2023, the Fund traded at an average discount to net asset value (NAV) of less than 10%. As a result, the tender offer for calendar year 2023 under the Fund's Program will not occur. In addition to the contingent tender offer in place for calendar year 202.