Source Capital, Inc. Announces Intent to Not Move Forward with Proposed Rights Offering
Source Capital, Inc. (SOR)
US:NYSE Investor Relations:
sourcecapitalinc.com/source
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Source Capital, Inc. (NYSE: SOR) (the “Fund”), based on the recommendations and presentations of First Pacific Advisors, LP (“FPA”), the Fund’s investment adviser (the “Adviser”), and others, and taking into consideration current market conditions and feedback received by the Adviser from certain Fund stockholders, has determined that it is in the best interests of the Fund and its common stockholders to not move forward with the issuance of transferable rights (“Rights”) at this time. Accordingly, Rights will not be distributed to common stockholders on September 19, 2019.In conversations with the Adviser, certain Fund stockholders were supportive of the Adviser’s intention to make new investments focused on private credit and higher yielding instruments and that such investments are well-suited for the Fund’s closed-end structure, but expressed a desire for different terms of subscription rights. The Fund eval
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SOR
Sec Filings
- 11/19/24 - Form 8-K
- 9/6/24 - Form N-CSRS
- 8/29/24 - Form NPORT-P
- SOR's page on the SEC website