Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies. It employs fundamental analysis with a bottom-up stock selection approach, focusing on such factors as high liquidity, relatively unleveraged balance sheets, and long-term ability to earn above-average returns on capital to create its portfolio. The fund benchmarks the performance of its portfolio against the Russell 2500 Index, the S&P 500 Index, and the Nasdaq Composite Index. Source Capital, Inc. was formed in June 1, 1968 and is domiciled in the United States.
IPO Year:
Exchange: NYSE
Website: fpafunds.com/sourcecapitalfund.asp
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LOS ANGELES--(BUSINESS WIRE)--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. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Distributions may include ordinary income, net capital gains and/or returns of capital. Generally, a return of capital would occur when the amount distributed by the Fund includes a portion o
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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 of the reorganization, the special year-end distribution will be declared at or near the end of December and paid in early January 2025. The distribution will be taxable in 2024 and is estimated to be approxi
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, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under th
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 September 2024 $0.2083 September 17, 2024 September 30, 2024 October 2024 $0.2083 October 15, 2024 October 31, 2024 November 2024 $0.2083 November 14, 2024 November 29, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are l
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 June 2024 $0.2083 June 18, 2024 June 28, 2024 July 2024 $0.2083 July 16, 2024 July 31, 2024 August 2024 $0.2083 August 15, 2024 August 30, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Ex
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 March 2024 $0.2083 March 15, 2024 March 28, 2024 April 2024 $0.2083 April 18, 2024 April 30, 2024 May 2024 $0.2083 May 16, 2024 May 31, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange unde
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 2024 (as described in the January 3, 2023 press release), the Board approved a contingent tender offer for calendar year 2025. Under the terms of the updated Program, the Board approved extending the Program through the year ending
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: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date December 2023 $0.2083 December 18, 2023 December 29, 2023 January 2024 $0.2083 January 17, 2024 January 31, 2024 February 2024 $0.2083 February 16, 2024 February 29, 2024 Special Distribution:
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, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are lis
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
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 company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under the symbol "SOR." The investment o
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 of the reorganization, the special year-end distribution will be declared at or near the end of December and paid in early January 2025. The distribution will be taxable in 2024 and is estimated to be approxi
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, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under th
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 September 2024 $0.2083 September 17, 2024 September 30, 2024 October 2024 $0.2083 October 15, 2024 October 31, 2024 November 2024 $0.2083 November 14, 2024 November 29, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are l
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 June 2024 $0.2083 June 18, 2024 June 28, 2024 July 2024 $0.2083 July 16, 2024 July 31, 2024 August 2024 $0.2083 August 15, 2024 August 30, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Ex
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: Month Cents per Common Share Record Date Payable Date September 2021 18.5 September 6, 2021 September 30, 2021 October 2021 18.5 October 18, 2021 October 29, 2021 November 2021 18.5 November 16, 2021 November 30, 2021 About Source Capital, Inc. Source Capital, Inc. 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 inv
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 such month was not declared by the Board and announced at least five business days prior to such Aff
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: Month Cents per Common Share Record Date Payable Date June 2021 18.5 June 16, 2021 June 30, 2021 July 2021 18.5 July 16, 2021 July 30, 2021 August 2021 18.5 August 17, 2021 August 31, 2021 About Source Capital, Inc. Source Capital, Inc. 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 investment objective of the Fund i
LOS ANGELES--(BUSINESS WIRE)--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: Month Cents per Common Share Record Date Payable Date March 2021 18.5 March 16, 2021 March 31, 2021 April 2021 18.5 April 16, 2021 April 30, 2021 May 2021 18.5 May 17, 2021 May 28, 2021 This equates to an approximate 5.25% distribution rate based on the Fund’s closin
LOS ANGELES--(BUSINESS WIRE)--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: Month Cents per Common Share Record Date Payable Date March 2021 18.5 March 16, 2021 March 31, 2021 April 2021 18.5 April 16, 2021 April 30, 2021 May 2021 18.5 May 17, 2021 May 28, 2021 This equates to an approximate 5.25% distribution rate based on the Fund’s closin
LOS ANGELES--(BUSINESS WIRE)--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: Month Cents per Common Share Record Date Payable Date March 2021 12.167 March 16, 2021 March 31, 2021 April 2021 12.167 April 16, 2021 April 30, 2021 May 2021 12.167
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Thursday marks the last chance for investors to receive the next dividend payout from Source Capital (NYSE:SOR). What's Happening The company announced on Thursday that it would pay shareholders a monthly dividend of 20.83 cents per share. On Friday, Source Capital will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20.83 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SOR as of the end of Thursday's session are eligible to receive the 20.83 cents divid
Friday marks the last chance for investors to receive the next dividend payout from Source Capital (NYSE:SOR). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 20.83 cents per share. On Monday, Source Capital will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20.83 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own SOR as of the end of Friday's session are eligible to receive the 20.83 cents dividend pa
Friday marks the last chance for investors to receive the next dividend payout from Source Capital (NYSE:SOR). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 18.5 cents per share. On Monday, Source Capital will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own SOR as of the end of Friday's session are eligible to receive the 18.5 cents dividend payo
On Wednesday, 329 companies hit new 52-week lows. Interesting Facts About Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Home Depot (NYSE:HD). The smallest company by market cap to hit a new 52-week low was Performance Shipping (NASDAQ:PSHG). Athira Pharma (NASDAQ:ATHA)'s stock made the biggest move downwards, diving 66.66% to reach a new 52-week low. ASA Gold & Precious Metal (NYSE:ASA)'s stock rebounded the most, as it traded up 0.0% after dropping to a new 52-week low. Here are all the stocks that set new 52-week lows on Wednesday: Home Depot (NYSE:HD) stock hit a yearly low of $264.54. The stock was up 0.15% for the day. Walt Disney (
Wednesday's session saw 784 companies set new 52-week lows. Key Facts About Today's 52-Week Lows: Meta Platforms (NASDAQ:FB) was the biggest company by market cap to set a new 52-week low. Nova Lifestyle (NASDAQ:NVFY) was the smallest, in terms of market cap, to set a new 52-week low. Molecular Partners (NASDAQ:MOLN) was the biggest loser, trading down 37.69% to reach its 52-week low. Invesco Value Municipal (NYSE:IIM) shares actually gained 0.0%, rebounding after it reached its 52-week low. The following stocks set new 52-week lows on Wednesday: Taiwan Semiconductor (NYSE:TSM) stock broke to a new 52-week low of $90.37 on Wednesday. Shares of the company traded down 2.38%. J
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. In addition to the contingent tender offer in place for calendar year 2022 (as described in the March 5, 2021 press release), the Board approved a contingent tender offer for c