Source Capital Second Quarter 2024 Commentary [Seeking Alpha]
Source Capital, Inc. (SOR)
US:NYSE Investor Relations:
sourcecapitalinc.com/source
Company Research
Source: Seeking Alpha
FPA Funds Follower s Follow Summary Source Capital Inc.'s NAV gained 2.45% for the quarter and 14.85% over the trailing twelve months, aligning with balanced indices. Growth stocks outperformed Value, with top contributors like Nvidia, Microsoft, Alphabet, and Amazon driving significant returns. Fixed income opportunities are limited, with high-yield bonds showing compressed spreads and degraded quality; private credit delivered a 6.86% YTD return. The Fund's Board approved maintaining a monthly distribution rate of 20.83 cents per share through November 2024, equating to a 5.65% annualized rate. Richard Drury Dear Shareholder Performance Overview Source Capital Inc.'s (“Source” or “Fund”) net asset value (NAV) gained 2.45% for the quarter and 14.85% for the trailing twelve months, which is in line with the illustrative balanced indices shown below. Performance versus Illustrative Indices Q2 2024 Trailing 12-month Source Capital (NAV) Balanced Indices
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News
- Community Coffee Announces New Campaign, "Generations," Spotlighting 105-Year History & Five Generations of Family Ownership [Yahoo! Finance]Yahoo! Finance
- Source Capital, Inc. Announces Reorganization Date and Timing for Special Year-End Distribution [Yahoo! Finance]Yahoo! Finance
- Source Capital, Inc. Announces Reorganization Date and Timing for Special Year-End DistributionBusiness Wire
- Source Capital, Inc. Declares Monthly Distributions on Common StockBusiness Wire
- 6 Ways To Get a Mortgage If You Don't Meet Income Requirements [Yahoo! Finance]Yahoo! Finance
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