The Board of Directors of Source Capital, Inc. (NYSE:SOR) today approved a 20% increase in the regular quarterly distribution on the Company's common stock to 60 cents a common share, payable Mar. 15, 2010, to shareholders of record as of the close of business Feb. 19, 2010. The previous rate was 50 cents a common share.
Directors also declared a regular quarterly income dividend of 60 cents a preferred share, payable Mar. 15, 2010, to shareholders of record as of the close of business Feb. 19, 2010.
Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.
Contacts:
Source Capital, Inc.
J. Richard Atwood
310-996-5458