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LOS ANGELES--(BUSINESS WIRE)--Source Capital announced today the tax treatment of its 2025 dividends and a deemed distribution to shareholders of record as of December 31, 2025.
LOS ANGELES--(BUSINESS WIRE)--The Board of Trustees of Source Capital (NYSE: SOR) approved maintaining the Fund's regular monthly distribution rate for March, April and May 2026.
LOS ANGELES--(BUSINESS WIRE)--The Board of Trustees of Source Capital (NYSE: SOR) provided an update on the Fund's Discount Management Program and private credit investments.
LOS ANGELES--(BUSINESS WIRE)--The Board of Trustees of Source Capital (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for December 2025, January 2026, and February 2026 as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date December 2025 $0.2083 December 16, 2025 December 30, 2025 January 2026 $0.2083 January 15, 2026 January 30, 2026 February 2026 $0.2083 February 13, 2026 Februar.
LOS ANGELES--(BUSINESS WIRE)--Source Capital declares September, October, and November 2025 distributions to shareholders.
Source Capital (SOR) offers strong long-term returns and outperforms the S&P 500 in risk-adjusted metrics like inflation-beating and downside protection. SOR's portfolio is globally diversified with a flexible asset allocation, currently holding 58% in credit and fixed assets, not just equities. Compared to traditional 70/30 or 60/40 portfolios, SOR delivers higher returns but with significantly higher volatility and larger drawdowns.
LOS ANGELES--(BUSINESS WIRE)--Source Capital declares June, July, and August 2025 distributions to shareholders.
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 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.
Highlights Key Terms and Departures from Shareholder Interests Questions Process and Motivations of 180 Degree Capital Corp.'s Board of Directors' Cavalier Rejection of the Alternative Source Capital Proposal Highlights Need for Transparency from the TURN Board and a Fair Process to Allow Shareholders to Determine the Right Path Forward CHICAGO , Feb. 11, 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 "Company"), today issued the following statement expressing its concern about TURN's definitive merger agreement with Mount Logan Capital Inc. (Cboe Canada: MLC) ("Mount Logan") and the TURN Board of Directors' (the "Board") failure to engage with Source Capital (NYSE: SOR)("Source") regarding its January 24 merger proposal.
LOS ANGELES--(BUSINESS WIRE)--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 enga.
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 "Company"), today issued the following statement calling on the TURN Board of Directors (the "Board") to engage with Source Capital (NYSE: SOR) ("Source") and consider its proposed merger with TURN as announced on January 24, 2025.
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.
LOS ANGELES--(BUSINESS WIRE)--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 P.
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)--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 202.
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”), 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 clo.