Source Capital Declares $2.50739554 Per Share Deemed Distribution for 2025
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 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.