Source Capital Inc (N:SOR)
Business Focus: Investment Management & Fund Operators
Apr 16, 2024 05:30 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
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:
Jan 23, 2024 07:00 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
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:
Jan 02, 2024 01:50 pm ET
Source Capital, Inc. Provides Update on Discount Management Program and Announces Updated Investment Guidelines and Q4 Webcast
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.
Dec 07, 2023 04:30 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months, plus a special distribution in December as follows:
Aug 14, 2023 04:15 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
May 08, 2023 05:41 pm ET
Source Capital, Inc. Increases Monthly Distribution Rate Almost 13%
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”) today approved increasing the Fund’s regular monthly distribution rate 12.6% from $0.185 ($2.22 annualized) to $0.2083 ($2.50 annualized) for each of the next three months as follows:
Apr 19, 2023 02:49 pm ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Source Capital, Inc. (NYSE:SOR)
NEW YORK, April 19, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Source Capital, Inc. (NYSE:SOR) concerning possible breaches of fiduciary duty. To obtain additional information, go to:
Feb 28, 2023 08:45 am ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
Jan 03, 2023 09:30 am ET
Source Capital, Inc. Provides Update on Discount Management Program and Announces Q4 Webcast
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, 2022 through December 31, 2022, the Fund traded at an average discount to net asset value (NAV) of less than 10%, including that the Fund traded at a discount to NAV of 4.0% at the end of 2022, one of its lowest discounts in the past 10 years. As a result, the tender offer for calendar year 2022 under the Fund’s Program will not occur.
Nov 14, 2022 04:19 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
Aug 08, 2022 05:45 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
May 09, 2022 06:00 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
Feb 14, 2022 06:00 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
Jan 04, 2022 09:30 am ET
Source Capital, Inc. Provides Update on Discount Management Program and Announces Q4 Webcast
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 April 1, 2021 through December 31, 2021, the Fund traded at an average discount to net asset value (NAV) of less than 10%, including that the Fund traded at a discount to NAV as low as 3.8% during this period, its lowest discount in more than 10 years. As a result, the tender offer for calendar year 2021 under the Fund’s Program will not occur.
Dec 02, 2021 12:31 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months, plus a special distribution in December as follows:
Sep 08, 2021 09:18 am ET
CORRECTING and REPLACING Source Capital, Inc. Declares Monthly Distributions on Common Stock
The first Record Date in table of release dated August 9, 2021, should read: September 16, 2021 (instead of September 6, 2021).
Aug 09, 2021 05:30 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
May 18, 2021 10:09 am ET
FPA Announces Update to the Source Capital Stock Repurchase Program
Source Capital, Inc. (“SOR” or the “Fund”) announced a change to its stock repurchase program (the “Program”) that will allow the Fund’s portfolio managers, board members and officers to increase their personal investments in SOR stock. Effective immediately, the Fund will be required to halt repurchases of capital stock each month on the first two days that the New York Stock Exchange is open, in order for persons affiliated with the Fund to trade its stock (the “Affiliated Purchaser Window”). The Affiliated Purchaser Window will be canceled for any month that the dividend to be paid during s
May 10, 2021 08:26 pm ET
Source Capital, Inc. Declares Monthly Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows:
Mar 05, 2021 07:30 pm ET
Source Capital, Inc. Increases Monthly Distribution Rate to 5.25%, Implements Discount Management Program, and Announces Investor Call
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today approved a revision to the Fund’s regular monthly distribution rate announced last week by increasing the annualized distribution rate to $2.22 per common share (18.5 cents per common share monthly) for each of the next three months as follows:
Feb 24, 2021 05:29 pm ET
Source Capital, Inc. Increases Monthly Distribution Rate 46%
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today announced that the Fund’s regular monthly distribution rate would be increased 46% from the $1.00 a common share annualized rate paid in January and February, to an annualized rate of $1.46 a common share, by declaring regular monthly distributions of 12.167 cents a common share for each of the next three months (March, April and May) as follows:
Feb 02, 2021 06:30 am ET
Source Capital, Inc. Declares Monthly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today declared a regular monthly distribution of 8.3 cents a common share, payable February 26, 2021, to shareholders of record as of the close of business February 12, 2021.
Jan 08, 2021 04:48 pm ET
Source Capital, Inc. Declares Monthly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today declared a regular monthly distribution of 8.3 cents a common share, payable January 29, 2021, to shareholders of record as of the close of business January 19, 2021. Consistent with the press release dated October 13, 2020, the Fund will pay out monthly distributions from this point forward.
Nov 09, 2020 06:00 pm ET
Source Capital, Inc. Declares Regular Quarterly and Special Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution and special distribution as follows:
Oct 13, 2020 12:35 pm ET
Source Capital, Inc. Announces Portfolio and Stock Repurchase Update
The portfolio managers for Source Capital, Inc. (the “Fund”) continue to implement actions they believe will enhance value for stockholders over the long term. As discussed in the last press release dated September 16, 2020, the portfolio managers look to further increase the Fund’s exposure to private credit and now target at least 12% to be invested in or committed to the private lending asset class by year-end 2020.1 The portfolio managers for the Fund have successfully invested in private credit for certain of its FPA open-end mutual funds for more than a decade. Stockholders in
Sep 16, 2020 09:30 am ET
Source Capital, Inc. Announces Reinstatement of Stock Repurchase Program and Update on Portfolio
The Board of Directors of Source Capital, Inc. (NYSE: SOR), (the “Fund”) reinstated the Fund’s stock repurchase program (the “Program”), which was initially approved by the Board on November 16, 2015 and terminated on November 11, 2019. The Program will be effective as of October 5, 2020 through December 31, 2021.1
Aug 10, 2020 04:21 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR), today declared a regular quarterly distribution of 25 cents a common share, payable September 15, 2020, to shareholders of record as of the close of business August 28, 2020.
May 11, 2020 05:15 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR), today declared a regular quarterly distribution of 25 cents a common share, payable June 15, 2020, to shareholders of record as of the close of business May 29, 2020.
May 01, 2020 08:09 pm ET
Source Capital, Inc. Announces Change to Virtual Format for the Annual Meeting of Shareholders to be Held on May 11, 2020
Source Capital, Inc. (“Source” or “Company”) announced today that due to the emerging public health impact of the coronavirus pandemic (COVID-19), the 2020 Annual Meeting of Shareholders to be held on May 11, 2020, will be conducted as a virtual meeting (the “Annual Meeting”) . Shareholders will not be able to attend the Annual Meeting in person.
Feb 10, 2020 05:03 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR), today declared a regular quarterly distribution of 25 cents a common share, payable March 15, 2020, to shareholders of record as of the close of business February 28, 2020.
Nov 12, 2019 11:55 am ET
Source Capital, Inc. Termination of Repurchase Program
The Board of Directors of Source Capital, Inc. (NYSE: SOR), (the “Fund”) terminated the Fund’s stock repurchase program, which was initially approved by the Board on November 16, 2015. The Board may adopt a new stock repurchase program for the Fund, solely in its discretion, at any future time in response to various events, including, but not limited to, changing market conditions and/or material variations in the Fund’s discount level. The adoption of any future stock repurchase program for the Fund will be publicly disclosed prior to its effectiveness.
Nov 11, 2019 06:01 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR), today declared a regular quarterly distribution of 25 cents a common share, payable December 15, 2019, to shareholders of record as of the close of business November 29, 2019.
Sep 12, 2019 09:15 am ET
Source Capital, Inc. Announces Intent to Not Move Forward with Proposed Rights Offering
The Board of Directors (the “Board”) of Source Capital, Inc. (NYSE: SOR) (the “Fund”), based on the recommendations and presentations of First Pacific Advisors, LP (“FPA”), the Fund’s investment adviser (the “Adviser”), and others, and taking into consideration current market conditions and feedback received by the Adviser from certain Fund stockholders, has determined that it is in the best interests of the Fund and its common stockholders to not move forward with the issuance of transferable rights (“Rights”) at this time. Accordingly, Rights will not be distributed to common stockholders on
Sep 06, 2019 09:15 am ET
Source Capital, Inc. Announces Terms of Rights Offering
The board of directors (the “Board”) of Source Capital, Inc. (NYSE: SOR) (the “Fund”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s shares of common stock (the “Common Shareholders”), par value $1.00 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund’s investment adviser, First Pacific Advisors, LP (“FPA” or the “Adviser”), and others, has determined that it is in the best interests of
Aug 12, 2019 04:50 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 25 cents a common share, payable September 15, 2019, to shareholders of record as of the close of business August 30, 2019.
May 13, 2019 04:30 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR) today declared
a regular quarterly distribution of 25 cents a common share, payable
June 15, 2019, to shareholders of record as of the close of business May
31, 2019.
Feb 11, 2019 06:11 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution of 25 cents a common share,
payable March 15, 2019, to shareholders of record as of the close of
business March 1, 2019.
Nov 12, 2018 05:00 pm ET
Source Capital, Inc. Declares Regular Quarterly and Special Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution and special distribution as
follows:
Aug 13, 2018 05:10 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution of 25 cents a common share,
payable September 15, 2018, to shareholders of record as of the close of
business August 31, 2018.
May 14, 2018 04:55 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution of 25 cents a common share,
payable June 15, 2018, to shareholders of record as of the close of
business June 1, 2018.
Feb 12, 2018 05:22 pm ET
Source Capital, Inc. Declares Quarterly Distribution on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution of 25 cents a common share,
payable March 15, 2018, to shareholders of record as of the close of
business March 2, 2018.
Nov 13, 2017 05:44 pm ET
Source Capital, Inc. Declares Regular Quarterly and Special Distributions on Common Stock
The Board of Directors of Source Capital, Inc. (NYSE:SOR), today
declared a regular quarterly distribution and special distribution as
follows:
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