News & Videos - SOURCE CAPITAL

The Board of Directors of Source Capital (NYSE: SOR) (the “Fund”), approved maintaining the Fund’s regular monthly distribution rate for April and May 2025 as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date April 2025 May 2025 $0.2083 $0.2083 April 16, 2025 May 15, 2025 April 30, 2025 May 30, 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...

MIAMI, FLORIDA / ACCESS Newswire / February 26, 2025 / Florida CAM Help program has emerged as a beacon of hope for Florida's condominium associations, providing a specialized lifeline for structural repairs, recertifications, SIRS, property improvements, and financing for newly mandated reserves. Backed by a remarkable team with over 15 years of structural improvement projects and finance experience, and has consistently risen to the occasion, assisting condo associations when traditional banks...

Source Capital (NYSE: SOR), a closed-end fund (“ Source ”), is disappointed that the Board of Directors of 180 Degree Capital Corp. (NASDAQ: TURN) (“ TURN ”) quickly rejected Source’s non-binding initial proposal in three business days without any dialogue with Source to reach an agreement that would maximize value for all TURN shareholders. The market reacted positively to Source’s proposal, and at least one of TURN’s large shareholders has publicly urged TURN to engage with...

Marlton Partners Comments on Source Capital Proposal to Merge with 180 Degree Capital Corporation PR Newswire CHICAGO, Jan. 27, 2025 Calls on 180 Capital Corp's Board of Directors to Engage with Source and Pursue Best Path to Maximize Shareholder Value CHICAGO , Jan. 27, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group members, "Marlton" or "we"), beneficial owners of approximately 4.6% of the outstanding stock of 180 Degree Capital Corp. (NASDAQ: TURN) (the...

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 million 1 related to its management of Source. FPA has a long history of investment excellence - of the 150 largest mutual fund families in the United States,...

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 symbol “SOR.” The...

The Board of Trustees of Source Capital (NYSE: SOR) (the “Fund”), today announced that for the Fund’s Discount Management Program (the “Program”) measurement period from January 1, 2024 through December 31, 2024, the Fund traded at an average discount to net asset value (NAV) of less than 10%. In fact, the discount declined to less than 1% on December 31, 2024, its smallest discount since 2008. As a result, the tender offer for calendar year 2024 under the Fund’s Program will not...

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 in order to avoid the...

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 First Pacific Advisors, LP....

Source Capital, Inc. (NYSE: SOR) (the “Fund”), announced that it will reorganize into a Delaware Trust after the close of business on December 31, 2024, under the terms and conditions approved by shareholders at the Annual Meeting held in July 2024. Upon the reorganization, the Fund’s name will change to “Source Capital” but will continue to trade on the NYSE under the SOR ticker. The Fund also announced that a special year-end distribution will be required for 2024. Due to the timing...

Emakase introduced Em Base Camp - an entrepreneur development program at "Source & Capital" Seminar PR Newswire HO CHI MINH CITY, Vietnam, Oct. 29, 2024 HO CHI MINH CITY, Vietnam , Oct. 29, 2024 /PRNewswire/ -- On October 24, 2024 , the "Source & Capital" seminar, organized by Emakase in collaboration with its partners, took place at BLOCK71 Saigon , Ho Chi Minh City . The event attracted more than 70 participants, including investors, founders, and representatives from various organizations...

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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date September 2023 $0.2083 September 18, 2023 September 29, 2023 October 2023 $0.2083 October 17, 2023 October 31, 2023 November 2023 $0.2083 November 16, 2023 November 30, 2023 About Source Capital, Inc. Source Capital,...

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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date June 2023 $0.2083 June 16, 2023 June 30, 2023 July 2023 $0.2083 July 18, 2023 July 31, 2023 August 2023 $0.2083 August 16, 2023 August 31, 2023 This...

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) PR Newswire NEW YORK, April 19, 2023 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:...

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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date March 2023 $0.185 March 16, 2023 March 31, 2023 April 2023 $0.185 April 18, 2023 April 28, 2023 May 2023 $0.185 May 16, 2023 May 31, 2023 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment...

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 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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date December 2022 $0.185 December 16, 2022 December 29, 2022 January 2023 $0.185 January 17, 2023 January 31, 2023 February 2023 $0.185 February 16, 2023 February 28, 2023 About Source Capital, Inc. Source Capital, Inc. is...

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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date September 2022 $0.185 September 16, 2022 September 30, 2022 October 2022 $0.185 October 18, 2022 October 31, 2022 November 2022 $0.185 November 16, 2022 November 30, 2022 About Source Capital, Inc. Source Capital, Inc....

Kitchen Brains Accelerates Growth with Investment from Source Capital PR Newswire STRATFORD, Conn., May 19, 2022 STRATFORD, Conn. , May 19, 2022 /PRNewswire/ -- Kitchen Brains® (the "Company"), a leading designer and manufacturer of fully integrated smart cooking computers, electronic controls and software solutions for commercial foodservice operations, is pleased to announce that Source Capital, LLC ("Source"), a private equity firm, has acquired the Company. The terms of the deal were not...

Kitchen Brains Accelerates Growth with Investment from Source Capital PR Newswire STRATFORD, Conn., May 19, 2022 STRATFORD, Conn. , May 19, 2022 /PRNewswire/ -- Kitchen Brains® (the "Company"), a leading designer and manufacturer of fully integrated smart cooking computers, electronic controls and software solutions for commercial foodservice operations, is pleased to announce that Source Capital, LLC ("Source"), a private equity firm, has acquired the Company. The terms of the deal were not...