SOR
Source CapitalSOR
SOR
About: Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital.
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
2% more funds holding
Funds holding: 49 [Q2] → 50 (+1) [Q3]
0.09% more ownership
Funds ownership: 13.38% [Q2] → 13.47% (+0.09%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1% less capital invested
Capital invested by funds: $48.5M [Q2] → $48.2M (-$318K) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SOR.
Financial journalist opinion
Based on 4 articles about SOR published over the past 30 days
Neutral
Business Wire
5 days ago
Source Capital Provides Update on Discount Management Program and Private Credit Investments and Announces Q4 Webcast
LOS ANGELES--(BUSINESS WIRE)--The Board of Trustees of Source Capital (NYSE: SOR) (the “Fund”), today announced that for the Fund's Discount Management Program (the “Program”) measurement period from January 1, 2024 through December 31, 2024, the Fund traded at an average discount to net asset value (NAV) of less than 10%. In fact, the discount declined to less than 1% on December 31, 2024, its smallest discount since 2008. As a result, the tender offer for calendar year 2024 under the Fund's P.
Negative
Seeking Alpha
3 weeks ago
SOR: This Closed-End Fund Is Now Slightly Overpriced (Rating Downgrade)
Source Capital (SOR) has delivered a 19% total return in 2024, benefiting from active management and a 60/40 allocation, despite a challenging fixed income market. SOR's active management allows for dynamic risk adjustments, maintaining a low duration profile and significant cash holdings, enhancing its performance amid rising interest rates. The fund's current valuation shows a tight discount to NAV at -2%, suggesting overvaluation compared to historical norms, prompting a shift to 'Hold'.
Neutral
Business Wire
3 weeks ago
Source Capital, Inc. Declares Special Distribution in December 2024
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved a special distribution in December as follows: Special Distribution: Month Rate per Common Share Record Date Payable Date December 2024 $2.65841 December 30, 2024 January 9, 2025 The Internal Revenue Code requires a regulated investment company to distribute substantially all of its net investment income and net realized capital gains to shareholders of record on or before December 31.
Neutral
Business Wire
4 weeks ago
Source Capital, Inc. Declares Special Distribution on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved a special distribution: Special Distribution: Month Rate per Common Share Record Date Payable Date December 2024 $TBD* December 30, 2024 January 9, 2025 *The final rate is estimated to be approximately 1%-3% of net asset value and is expected to be determined on or about December 27, 2024. About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by Fi.
Neutral
Business Wire
2 months ago
Source Capital, Inc. Announces Reorganization Date and Timing for Special Year-End Distribution
LOS ANGELES--(BUSINESS WIRE)--Source Capital, Inc. (NYSE: SOR) (the “Fund”), announced that it will reorganize into a Delaware Trust after the close of business on December 31, 2024, under the terms and conditions approved by shareholders at the Annual Meeting held in July 2024. Upon the reorganization, the Fund's name will change to “Source Capital” but will continue to trade on the NYSE under the SOR ticker. The Fund also announced that a special year-end distribution will be required for 202.
Neutral
Business Wire
2 months ago
Source Capital, Inc. Declares Monthly Distributions on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date December 2024 $0.2083 December 16, 2024 December 30, 2024 January 2025 $0.2083 January 17, 2025 January 31, 2025 February 2025 $0.2083 February 14, 2025 February 28, 2025 About Source Capital.
Neutral
Business Wire
5 months ago
Source Capital, Inc. Declares Monthly Distributions on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date September 2024 $0.2083 September 17, 2024 September 30, 2024 October 2024 $0.2083 October 15, 2024 October 31, 2024 November 2024 $0.2083 November 14, 2024 November 29, 2024 About Source Capital, Inc.
Neutral
Business Wire
5 months ago
Meati Expands Its Leadership Bench
BOULDER, Colo.--(BUSINESS WIRE)--Meati, makers of mycelium superfood cutlets and steaks sold nationwide, today announced the addition of two new leaders who will help Meati reach its vision to bring one of the healthiest foods on the planet to kitchen tables all around the world. The new additions include John Bortells, chief commercial officer, and Becky O'Grady, board member. Both bring a passion for Meati's mission and deep practical expertise scaling brands to national success. As CCO, Bort.
Neutral
Business Wire
9 months ago
Source Capital, Inc. Declares Monthly Distributions on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date June 2024 $0.2083 June 18, 2024 June 28, 2024 July 2024 $0.2083 July 16, 2024 July 31, 2024 August 2024 $0.2083 August 15, 2024 August 30, 2024 About Source Capital, Inc. Source Capital, Inc. is a clo.
Neutral
Business Wire
11 months ago
Source Capital, Inc. Declares Monthly Distributions on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund's regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date March 2024 $0.2083 March 15, 2024 March 28, 2024 April 2024 $0.2083 April 18, 2024 April 30, 2024 May 2024 $0.2083 May 16, 2024 May 31, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed.
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