Source Capital INC /DE/

Market Movers (8-K)

NYSE
FPA, the investment adviser to Source Capital, has been nominated for the 2026 US Morningstar Awards for Investing Excellence, Exemplary Stewardship Award.
Better than expected
NYSE
Source Capital announced its 2025 tender offer will not occur due to a strong NAV performance and extended its Discount Management Program through 2027, while increasing private credit allocations.
NYSE
Source Capital, Inc. will reorganize into a Delaware Trust on December 31, 2024, and will issue a special year-end distribution, estimated to be 1-3% of net asset value, payable in early January 2025.

Insider Trading (Form 4)

NYSE
Source Capital expresses disappointment at the swift rejection of its merger proposal by 180 Degree Capital, which offered shareholders 101% of net asset value, and urges constructive engagement.
Worse than expected
NYSE
Source Capital has proposed a merger with 180 Degree Capital, offering shareholders 101% of net asset value in an all-stock transaction.
Better than expected

Proxy Statements (Def-14A)

NYSE
Source Capital has scheduled its Annual Meeting of Shareholders for May 29, 2026, to elect four Trustee nominees and address other business.
NYSE
Source Capital announces its Annual Meeting of Shareholders to elect five Trustee nominees, with the Board recommending a vote FOR the proposal.
NYSE
Source Capital urges shareholders to vote in favor of reorganizing into a Delaware statutory trust to achieve tax savings and operational flexibility.
NYSE
Source Capital, Inc. is urging shareholders to contact them regarding an important matter pertaining to their investment.
NYSE
Source Capital, Inc. has filed a definitive proxy statement pursuant to Section 14(a) of the Securities Exchange Act of 1934.
NYSE
Source Capital, Inc. is reaching out to shareholders regarding important organizational initiatives requiring their immediate attention.