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Stock Market & Financial Investment News

News Breaks
November 12, 2012
16:26 EDTSORSource Capital declares special year-end distribution due to capital gains
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 in order to avoid the imposition of a federal excise tax. The special year-end distribution of 53c per share was declared because the company has realized substantial capital gains during 2012.
News For SOR From The Last 14 Days
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February 8, 2016
17:46 EDTSORSource Capital declares special dividend of $33.65 per share
Source Capital declared a special distribution of $33.65 per common share, payable March 15 to shareholders of record as of the close of business February 19. The board of Source Capital has also declared a regular quarterly distribution of 41c per common share, payable March 15 to shareholders of record as of the close of business February 19. The quarterly distribution represents an annualized rate of approximately 4.5% of net assets after the payment of the special distribution declared above. It is expected that Source Capital will make quarterly distributions at approximately this rate for the first three quarters of 2016. However, if the equity markets continue to be weak, then it is expected that the distribution rate will decline in Q4 to less than 2%, a level more commensurate with dividend and interest income.

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