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. (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.
Discover press releases detailing earnings results, leadership changes, and strategic initiatives alongside third-party analyses of the company's risk-managed investment framework. Content spans dividend declarations, asset management updates, and industry commentary relevant to SOR's focus on capital preservation through diversified holdings.
Bookmark this page for direct access to verified information about Source Capital's operational milestones and market positioning. Monitor updates through our real-time feed to stay informed about this closed-end fund's performance within evolving market conditions.
The Board of Directors of Source Capital, Inc. (NYSE: SOR) announced that for the Discount Management Program period from April 1, 2021 to December 31, 2021, the Fund traded at an average discount to net asset value (NAV) of less than 10%, reaching a low of 3.8%. Consequently, no tender offer will be conducted for 2021. A contingent tender offer for 2023 has been approved, positioned if the average discount exceeds 10% during the upcoming measurement period. Additionally, as of November 30, 2021, 22% of the Fund is now committed to private-credit.
Source Capital has revised its stock repurchase program to allow portfolio managers and officers to enhance their investments in SOR stock. Effective immediately, the Fund will stop repurchasing its stock during the first two trading days each month, enabling affiliated persons to trade. This Affiliated Purchaser Window will be canceled if the monthly dividend hasn't been declared at least five business days before. This change indicates a strategic move to boost insider confidence and could potentially impact shareholder value.
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