September 12, 2019

Source Capital, Inc. Announces Intent to Not Move Forward with Proposed Rights Offering

LOS ANGELES, September 12, 2019--- The Board of Directors (the “Board”) of Source Capital, Inc. (NYSE: SOR) (the “Fund”), based on the recommendations and presentations of First Pacific Advisors, LP (“FPA”), the Fund’s investment adviser (the “Adviser”), and others, and taking into consideration current market conditions and feedback received by the Adviser from certain Fund stockholders, has determined that it is in the best interests of the Fund and its common stockholders to not move forward with the issuance of transferable rights (“Rights”) at this time. Accordingly, Rights will not be distributed to common stockholders on September 19, 2019.

Source Capital, Inc. (the “Fund”) is a closed-end investment company managed by First Pacific Advisors, LP.
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