Welcome to our dedicated page for Source Capital news (Ticker: SOR), a resource for investors and traders seeking the latest updates and insights on Source Capital stock.
Source Capital, Inc. (NYSE: SOR) is a closed-end investment company managed by First Pacific Advisors, LP, with an investment objective of seeking maximum total return for shareholders from both capital appreciation and investment income, consistent with the protection of invested capital. The news flow around SOR frequently centers on decisions by its Board of Directors or Board of Trustees regarding regular monthly distributions and special year-end distributions on its common stock.
On this page, readers can follow announcements about Source Capital’s regular distribution schedule, including record dates and payable dates for monthly payments, as well as special distributions tied to realized capital gains. These updates often reiterate the Fund’s long-term orientation, its focus on longer duration assets such as dividend-paying equities, and its ability to invest in illiquid assets like private loans in pursuit of its stated objective.
News items also highlight the Fund’s broader risk disclosures, including commentary on value style investing, non-U.S. securities, fixed income instruments, private placements, and SPAC investments. In addition, third-party releases have discussed Source Capital in the context of proposed merger activity in the closed-end fund space, referencing its role as a potential acquirer and focusing on net asset value considerations and shareholder value.
Investors and observers who follow SOR-related news can use this feed to monitor distribution declarations, special tax-driven payouts, and references to Source Capital in external corporate action discussions. Returning to this page provides a way to see how the Fund communicates its objectives, risk profile, and structural characteristics over time through official announcements and related market commentary.
Source Capital (NYSE: SOR) announced the U.S. federal tax characterization of its 2025 distributions, including a $2.50739554 deemed distribution attributable to shareholders of record on December 31, 2025. Total routine dividends for 2025 were $2.499600 per share (ordinary income $1.798464; long-term capital gain $0.701136).
The Fund will pay a 21% corporate-level tax on the deemed distribution, shareholders receive a corresponding tax credit, and adjusted tax basis increases by $1.98084248 per share. Qualified dividend and corporate deduction rates: 15.78% QDI and 9.14% corporate DRD; 10.4779% derived from U.S. Treasury securities.
Source Capital (NYSE: SOR) announced it will maintain its regular monthly distribution at $0.2083 per common share for March, April, and May 2026. Record and payable dates are: March 13, 2026 (payable March 31), April 15, 2026 (payable April 30), and May 14, 2026 (payable May 29).
The fund is a closed-end investment company managed by First Pacific Advisors with an objective of maximum total return via capital appreciation and investment income; distributions may include ordinary income, capital gains, and/or returns of capital, and the fund may use leverage which can increase NAV and distribution volatility.
Source Capital (NYSE: SOR) said its Discount Management Program measurement period for Jan 1–Dec 31, 2025 showed an average discount to NAV of less than 10%, and the Fund traded at a 4th-quarter premium, peaking at +1.20% on Nov 28, 2025; therefore the contingent tender offer for 2025 will not occur. The Board extended the Program through Dec 31, 2027 and approved a contingent tender for 10% of outstanding shares at 98% of NAV if the average discount exceeds 10% in 2027 (measurement period Jan 1–Dec 31, 2027), with any tender to close no later than Jun 30, 2028.
The Fund continues its Stock Repurchase Program, increased private credit exposure to 21.7% of NAV invested (25.9% invested plus committed) as of Dec 31, 2025, and will host an investor call on Feb 26, 2026 at 1pm PST.
Source Capital (NYSE:SOR) announced it will maintain its regular monthly distribution at $0.2083 per common share for December 2025, January 2026, and February 2026.
Record and payable dates are set: Dec 16, 2025 record / Dec 30, 2025 payable; Jan 15, 2026 record / Jan 30, 2026 payable; Feb 13, 2026 record / Feb 27, 2026 payable.
Source Capital (NYSE:SOR) has announced the continuation of its regular monthly distribution rate for September, October, and November 2025. The Fund's Board of Trustees approved a consistent monthly distribution of $0.2083 per common share for each month.
The distributions will be payable according to the following schedule: September's payment on September 30 (record date: September 17), October's payment on October 31 (record date: October 16), and November's payment on November 28 (record date: November 14).
- June 2025: Record date June 17, payable June 30
- July 2025: Record date July 16, payable July 31
- August 2025: Record date August 14, payable August 29
Source Capital (NYSE: SOR) announced that its Board of Directors has approved maintaining the Fund's regular monthly distribution rate for April and May 2025. The decision reflects the Fund's commitment to providing consistent distributions to its shareholders.
Marlton Partners, owning 4.6% of 180 Degree Capital Corp. (TURN), has expressed serious concerns about TURN's merger agreement with Mount Logan Capital. The key issues highlighted include:
1. The proposed transformation from a closed-end fund to an alternative asset and insurance solutions company, removing '40 Act protections
2. The Board's failure to provide shareholders an option to tender at net asset value (NAV)
3. The immediate rejection of Source Capital's merger proposal valued at 101% of NAV without any engagement
Marlton questions whether the Board's decisions serve shareholders' interests, particularly noting management's continued employment with Mount Logan post-merger. In response, Marlton has nominated three candidates for election to TURN's Board at the 2025 Annual General Meeting.
Source Capital (NYSE: SOR) has expressed disappointment over 180 Degree Capital Corp. (NASDAQ: TURN)'s swift rejection of its non-binding initial merger proposal within three business days, without engaging in any dialogue to maximize shareholder value. Despite the rejection, Source Capital notes that the market responded positively to their proposal, and at least one major TURN shareholder has publicly supported engagement between the companies. Source Capital maintains its commitment to pursuing a potential merger and seeks constructive dialogue with TURN's Board of Directors.
Marlton Partners, owning 4.6% of 180 Degree Capital Corp (NASDAQ: TURN), has issued a statement urging TURN's Board to engage with Source Capital's (NYSE: SOR) merger proposal announced on January 24, 2025. The merger offer values TURN at 101% of its net asset value per share.
Marlton emphasizes that the market's positive response to Source Capital's offer reflects shareholders' desire to eliminate the trading discount. Previously, on December 17, 2024, Marlton nominated three independent candidates - James Elbaor, Gabi Gliksberg, and Aaron Morris - for election to TURN's Board at the 2025 Annual General Meeting, citing concerns about TURN's chronic underperformance and large discount to net asset value.
FAQ
What is the current stock price of Source Capital (SOR)?
What is the market cap of Source Capital (SOR)?
