Source Capital, Inc. Provides Update on Discount Management Program and Announces Q4 Webcast

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Jan 03, 2023

The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), today announced that for the Fund’s Discount Management Program (the “Program”) measurement period from January 1, 2022 through December 31, 2022, the Fund traded at an average discount to net asset value (NAV) of less than 10%, including that the Fund traded at a discount to NAV of 4.0% at the end of 2022, one of its lowest discounts in the past 10 years. As a result, the tender offer for calendar year 2022 under the Fund’s Program will not occur.