Source Capital, Inc. Announces Terms of 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”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s shares of common stock (the “Common Shareholders”), par value $1.00 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund’s investment adviser, First Pacific Advisors, LP (“FPA” or the “Adviser”), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment. In making this determination, the Board considered a number of factors, including potential benefits and costs. In particular, the Board considered the Adviser’s belief that the Offer would enable the Fund to take advantage of existin
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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