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. (symbol: SOR) is a diversified, closed-end management investment company. The primary objective of Source Capital is to achieve maximum total return for its common shareholders through both capital appreciation and investment income, while also ensuring the protection of invested capital. The company adopts a value investing approach, focusing on long-term returns and capital preservation.
This value-centric philosophy is closely linked to its managing firm, FPA, a renowned practitioner of value investing. FPA is independently owned and located in Los Angeles, California. With a team of 29 investment professionals among its 74 employees, FPA manages approximately $30 billion across four equity strategies and one fixed income strategy.
FPA's investment approach emphasizes a consistent, risk-averse, and disciplined methodology, targeting individual securities to deliver superior total returns for client portfolios. This synergy between Source Capital and FPA provides shareholders with a prudent investment platform, characterized by high ethical standards and a fundamental value orientation.
Source Capital has recently been involved in various notable projects and has established key partnerships that bolster its investment strategies and operations. The company's ongoing projects and achievements are regularly updated to reflect its continuous commitment to performance and development.
For those looking to stay informed about Source Capital, Inc., the latest updates and relevant information regarding their stock performance, events, and developments are readily available. This transparency ensures that shareholders and potential investors are well-informed, aiding in sound investment decisions.
Source Capital (NYSE: SOR) announced it will reorganize into a Delaware Trust after market close on December 31, 2024, following shareholder approval from July 2024. The Fund will maintain its NYSE listing under the SOR ticker but will change its name to 'Source Capital'. A special year-end distribution for 2024 will be declared near December-end and paid in early January 2025, estimated at 1%-3% of net asset value. This distribution will be taxable in 2024. Future special year-end distributions, if required, will align with regular monthly December distributions.
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.
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