Every material Form 8-K SOURCE CAPITAL /DE/ has filed with the SEC since January 28, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FPA, the investment adviser to Source Capital (NYSE: SOR), was nominated for the Exemplary Stewardship Award in the 2026 US Morningstar Awards for Investing Excellence, as disclosed in a press release dated March 27, 2026. The filing contains no financial results, guidance, or changes to the Fund, so the announcement has no direct financial effect on shareholders.
FPA was nominated for the Exemplary Stewardship Award in the 2026 US Morningstar Awards for Investing Excellence.
FPA is nominated alongside industry peers PIMCO and Vanguard.
According to the filing, FPA manages $33 billion across multiple strategies as of February 28, 2025.
The press release is dated March 27, 2026 and is attached as Exhibit 99.1.
Source Capital said its average discount to net asset value stayed under 10% for 2025, so no tender offer will occur for that year. The board also extended the discount management program through 2027 and approved a contingent tender offer for 2027, which would be triggered only if the average discount exceeds 10%.
No 2025 tender offer, because the average discount to NAV for January 1 to December 31, 2025 was under 10%
Fund traded at a premium in Q4 2025, peaking at 1.20% above NAV on November 28, 2025
Program extended through December 31, 2027; a 2027 tender would cover 10% of outstanding shares at 98% of NAV if the average discount exceeds 10%
As of December 31, 2025, about 21.7% of NAV was in private credit, and about 25.9% of NAV including committed capital
Source Capital announced the U.S. federal income tax treatment of its 2025 dividends and a $2.50739554 per share deemed distribution to shareholders of record as of December 31, 2025. The fund retained net long-term capital gains instead of paying them in cash, so shareholders receive a tax credit for the 21% corporate tax paid on their behalf and increase their tax basis in their shares.
Deemed distribution of $2.50739554 per share to shareholders of record on December 31, 2025, with no cash payment date
Fund pays 21% federal tax on the retained gains, or $0.52655306 per share, and shareholders increase their tax basis by $1.98084248 per share
2025 monthly dividends totaled $2.499600 per share: $1.798464 ordinary income and $0.701136 long-term capital gain distributions
Tax forms (IRS Form 2439) to be mailed in January 2026, with shareholders contacting their brokers or Equiniti Trust Company if not received by March 2026
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every SOURCE CAPITAL /DE/ filing is on SEC EDGAR ↗. 8-K briefs of other companies →