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Source Capital Inc. (SOR) provides investors with centralized access to official announcements and market analyses for this closed-end management investment specialist. This curated news hub delivers timely updates on portfolio strategies, capital allocation decisions, and corporate developments essential for understanding SOR's approach to balanced total returns.
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Source Capital (NYSE: SOR) has announced its upcoming monthly distributions for December 2024 through February 2025. The Board of Directors has maintained a consistent monthly distribution rate of $0.2083 per common share for each month.
The distributions are scheduled as follows: December 2024 (record date: Dec 16, payable: Dec 30), January 2025 (record date: Jan 17, payable: Jan 31), and February 2025 (record date: Feb 14, payable: Feb 28).
Source Capital (NYSE: SOR) has announced its monthly distributions for the next three months. The Board of Directors approved maintaining the regular monthly distribution rate at $0.2083 per common share for September, October, and November 2024. The distributions will be payable on the following dates:
- September 30, 2024 (record date: September 17, 2024)
- October 31, 2024 (record date: October 15, 2024)
- November 29, 2024 (record date: November 14, 2024)
This decision demonstrates the Fund's commitment to providing consistent returns to its shareholders. Investors should note the record dates to ensure eligibility for the distributions.
The Board of Directors of Source Capital (NYSE: SOR) announced that for the Discount Management Program's measurement period from January 1 to December 31, 2022, the Fund traded at an average discount to NAV of less than 10%, with a year-end discount of 4.0%, the lowest in a decade. Consequently, no tender offer for 2022 will take place. The Board approved a contingent tender offer for 10% of shares for 2023 and 2024 if discounts exceed 10%. The Fund will continue its Stock Repurchase Program and reported a 29% allocation in private-credit/loan assets as of November 30, 2022.
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