• May 14, 2018

    Source Capital, Inc. Declares Quarterly Distribution on Common Stock

    LOS ANGELES, May 14, 2018---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 25 cents a common share, payable June 15, 2018, to shareholders of record as of the close of business June 1, 2018.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.
    For further details, please click here.
  • April 3, 2018

    FPA New Income, Inc. Common Stock Dividend

    The dates for and the amount of the above dividend are as follows:

    CUSIP: 302544101
    Amount: $0.075 per share from net investment income
    Record: Thursday, March 29, 2018
    Ex-dividend/Reinvestment: Monday, April 2, 2018
    Payable: Tuesday, April 3, 2018
    Reinvest NAV: $9.92

    For further details, please click here.
  • February 12, 2018

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, February 12, 2018---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 25 cents a common share, payable March 15, 2018, to shareholders of record as of the close of business March 2, 2018.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • January 31, 2018

    2018 Dividend Calendar

    Please see FPA's 2018 dividend calendar at the link below.
    For further details, please click here.
  • December 29, 2017

    Q4 2017 FPA Funds Webcast Registration

    The Q4 2017 FPA Funds Webcasts will be held January 24 -  February 1.

    Please click on the fund name below to register for the webcasts.

    In the event you are unable to access the audio online, all webcasts can be accessed by using the following telephone numbers with the calls respective passcode:

    Telephone: (844) 821-1107
    International Telephone: (724) 498-4624

    FPA New Income, Inc. (FPNIX)
    Date: Wednesday, January 24, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 7558909

    FPA U.S. Value Fund (FPPFX)
    Date: Thursday, January 25, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 9699736

    FPA Crescent Fund (FPACX)
    Date: Monday, January 29, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 6795347

    FPA Capital Fund (FPPTX)
    Date: Tuesday, January 30, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 8289609

    FPA International Value Fund (FPIVX)
    Date: Wednesday, January 31, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 7498669

    FPA Paramount Fund (FPRAX)
    Date: Thursday, February 1, 2018 Time: 1:00 PM - 2:00 PM PST
    Passcode: 9887689

    Each webcast is accessible as early as 12:30pm PT and each event begins at 1pm PT.

    The recorded audio and visual presentation will be available on our website www.fpa.com within 7 days following each webcast.

  • December 19, 2017

    2017 Year-End Distributions

    Please see FPA's 2017 year-end distributions at the link below.
    For further details, please click here.
  • November 13, 2017

    Source Capital Declares Regular Quarterly and Special Distributions on Common Stock

    Los Angeles (November 13, 2017) - The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution and special distribution.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • November 8, 2017

    2017 Year-End Capital Gain Estimates

    The estimated long-term capital gain distributions for 2017 are listed below. Distribution estimates are based on gains and losses realized through October 31. Estimates on a per-share basis for dividend income and short-term capital gains will be available in December. The Funds’ long-term approach to investing means that the capital gains realized in a particular year can be the result of an investment held over an extended period of time. The amount of capital gain distributions may vary year over year since the distributions are based on net capital gains realized each year.

    Prior year-end distribution amounts can be found here.

    Record Date: 12/18/17 (Monday)
    Ex Date: 12/19/17 (Tuesday) 
    Payable Date: 12/20/17 (Wednesday)

    Estimated Year-End Distributions of Long-Term Capital Gains

    FPA Crescent Fund (FPACX)   $0.60 per share
    FPA Capital Fund, Inc. (FPPTX)   None
    FPA International Value Fund (FPIVX)   None
    FPA New Income, Inc. (FPNIX) 
     None
    FPA Paramount Fund, Inc. (FPRAX)   None
    FPA U.S. Value Fund, Inc. (FPPFX) 
     None

    Please note that these are estimates only and are subject to change.

    Please contact your tax advisor to review the impact of these capital gains on your situations and discuss possible tax strategies.

    You should consider the Fund’s investment objectives, risks, charges and expenses carefully before you invest. The Prospectus details the Fund's objective and policies, charges, and other matters of interest to the prospective investor. Please read the Prospectus carefully before investing. The Prospectus may be obtained by visiting the website at www.fpa.com, by email at crm@fpa.com, toll-free by calling 1-800-982-4372 or by contacting the Fund in writing.

    FPA Funds are distributed by UMB Distribution Services, LLC.

  • October 3, 2017

    Q3 2017 FPA New Income, Inc. Distribution

    FPA New Income, Inc. (Fund #78) Common Stock Dividend

    The dates for and the amount of the above dividend are as follows:

    CUSIP: 302544101
    Amount: $0.075 per share from net investment income
    Record: Friday, September 29, 2017
    Ex-dividend/Reinvestment: Monday, October 2, 2017
    Payable: Tuesday, October 3, 2017
    Reinvest NAV: $9.98

    Please see the Q3 2017 FPA New Income distribution notice below.

    For further details, please click here.
  • September 28, 2017

    Q3 2017 FPA Funds Webcast Registration

    The Q3 2017 FPA Funds Webcasts will be held October 25 and October 30.

    Please click on the fund name below to register for the webcasts.

    In the event you are unable to access the audio online, all webcasts can be accessed by using the following telephone numbers with the calls respective passcode:

    Telephone: (844) 821-1107
    International Telephone: (724) 498-4624

    FPA New Income, Inc. (FPNIX)
    Date: Wednesday, October 25, 2017 Time: 1:00 PM - 2:00 PM PST 
    Passcode: 90098835

    FPA Crescent Fund (FPACX)
    Date: Monday, October 30, 2017 Time: 1:00 PM - 2:00 PM PST
    Passcode: 90283299

    Each webcast is accessible as early as 12:30pm PT and each event begins at 1pm PT. The recorded audio and visual presentation will be available on our website www.fpa.com within 7 days following each webcast.

    For further details, please click here.
  • August 22, 2017

    FPA Announces Transition of Dennis Bryan from Portfolio Manager of FPA Capital Fund (FPPTX) to Senior Advisor

    FPA announced that Dennis Bryan, Portfolio Manager of FPA Capital Fund, Inc. (FPPTX), will transition to a Senior Advisor role, effective October 1. Arik Ahitov, a Partner of FPA and Portfolio Manager of FPA Capital Fund, will become the Fund’s sole Portfolio Manager.

    For further details, please click here.
  • August 14, 2017

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, August 14, 2017---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 35 cents a common share, payable September 15, 2017, to shareholders of record as of the close of business August 25, 2017.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • July 3, 2017

    Q2 2017 FPA Funds Distributions

    Please see FPA's Q2 2017 distributions at the link below. 
    For further details, please click here.
  • June 15, 2017

    Update Regarding Charles Schwab and FPA Crescent Fund

    Effective June 14, 2017, Charles Schwab updated the ticker symbols investors use for the FPA Crescent Fund.

    FPA Crescent Fund remains open for new and subsequent purchases on Schwab’s “Transaction Fee Fund” platform. Starting June 14, 2017, investors purchasing on that platform will need to use ticker FPACX for purchases. Prior to June 14, 2017, new purchases were made with ticker FPC1Z. Certain investors who initially purchased the Fund prior to July 2008 under the FPACX symbol will still be able to purchase shares, but those investors will now use the FPC1Z symbol. The Fund’s expense ratio for both ticker symbols is identical and unchanged, but Schwab may charge additional fees depending on which symbol is available to you.

    Please contact your Schwab representative or the Schwab trading support team should you have any questions regarding this update.

  • May 8, 2017

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, May 8, 2017---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 35 cents a common share, payable June 15, 2017, to shareholders of record as of the close of business May 26, 2017. The Fund expects to maintain its managed distribution policy during 2017.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • April 7, 2017

    Q1 2017 FPA New Income, Inc. Distribution

    FPA New Income, Inc. (Fund #78) Common Stock Dividend

    The dates for and the amount of the above dividend are as follows:

    CUSIP: 302544101
    Amount: $0.07 per share from net investment income
    Record: Friday, March 31, 2017
    Ex-dividend/Reinvestment: Monday, April 3, 2017
    Payable: Tuesday, April 4, 2017
    Reinvest NAV: $9.96

    Please see the Q1 2017 FPA New Income distribution notice below.

    For further details, please click here.
  • February 13, 2017

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, February 13, 2017—The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 35 cents a common share, payable March 15, 2017, to shareholders of record as of the close of business February 24, 2017. The Fund expects to maintain its managed distribution policy during 2017.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • January 27, 2017

    FPA 2017 Distribution Calendar

    Please see FPA's 2017 distribution calendar at the link below.
    For further details, please click here.
  • December 20, 2016

    2016 Year-End Distributions

    Please see FPA's 2016 year-end distributions at the link below.
    For further details, please click here.
  • December 13, 2016

    FPA Announces the Retirement of Robert L. Rodriguez

    FPA announced that Robert L. Rodriguez, the former portfolio manager of the Small/Mid-Cap Absolute Value strategy (including FPA Capital Fund, Inc.) and the Absolute Fixed Income strategy (including FPA New Income, Inc.) (the “Funds”) and a former Managing Partner, will retire at the end of this calendar year, following more than 33 years of service.

    For further details, please click here.
  • November 14, 2016

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, November 14, 2016---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 35 cents a common share, payable December 15, 2016, to shareholders of record as of the close of business November 25, 2016.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • October 3, 2016

    Q3 2016 FPA New Income, Inc. Distribution

    FPA New Income, Inc. (Fund #78) Common Stock Dividend

    The dates for and the amount of the above dividend are as follows:

    CUSIP: 302544101
    Amount: $0.06 per share from net investment income
    Record: Friday, September 30, 2016
    Ex-dividend/Reinvestment: Monday, October 3, 2016
    Payable: Tuesday, October 4, 2016
    Reinvest NAV: $10.01

    Please see the Q3 2016 FPA New Income distribution notice below.

    For further details, please click here.
  • July 1, 2016

    Q2 2016 FPA Funds Distribution

    Please review the distribution report at the link below.
    For further details, please click here.
  • June 1, 2016

    FPA Announces Lower Expenses for FPA New Income, Inc.

    Please click the link below for the details.

    For further details, please click here.
  • May 9, 2016

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, May 9, 2016---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 41 cents a  common share, payable June 15, 2016, to shareholders of record as of the close of business May 20, 2016.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • April 22, 2016

    Updated Notice to Participants in the Source Capital, Inc. Dividend Reinvestment Plan

    Please see updated notice to participants in the Source Capital, Inc. dividend reinvestment plan.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • April 4, 2016

    Special Notice to Participants in the Source Capital, Inc. Dividend Reinvestment Plan

    Please see special notice to participants in the Source Capital, Inc. dividend reinvestment plan.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • April 1, 2016

    Q1 2016 FPA New Income, Inc. Distribution

    FPA New Income, Inc. (Fund #78) Common Stock Dividend

    The dates for and the amount of the above dividend are as follows:

    CUSIP: 302544101
    Amount: $0.05 per share from net investment income
    Record: Thursday, March 31, 2016
    Ex-dividend/Reinvestment: Friday, April 1, 2016
    Reinvest NAV: $9.95
    Payable: Monday, April 4, 2016

    Please see the Q1 2016 FPA New Income distribution notice here.

    For further details, please click here.
  • February 12, 2016

    Additional Information on Source Capital Regular Quarterly and Special Distributions on Common Stock

    Please see attached file for additional information on Source Capital, Inc. Regular and Special Distributions on Common Stock.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • February 8, 2016

    Source Capital Declares Special and Regular Quarterly Distributions on Common Stock

    LOS ANGELES, Feb. 8, 2016---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a special distribution of $33.65 per common share, payable March 15, 2016, to shareholders of record as of the close of business February 19, 2016. As discussed in the November 17, 2015 announcement, “Source Capital Portfolio Manager Eric Ende to Retire,” the strategy change has resulted in the realization of significant long-term capital gains.

    The Board of Directors has also declared a regular quarterly distribution of 41 cents per common share, payable March 15, 2016, to shareholders of record as of the close of business February 19, 2016. 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 the fourth quarter to less than 2%, a level more commensurate with dividend and interest income.  Source Capital’s actual investment results will ultimately determine the rate paid.

    These distributions will be taxable in 2016 and reported to shareholders on the Form 1099 they will receive in early 2017. 

    For further details, please click here.
  • January 8, 2016

    FPA Announces Details Regarding Source Capital Stock Repurchase Program and Managed Distribution Policy

    For full story, please click the link below. 

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • December 21, 2015

    2015 Year-End Distributions

    Please see the attached file for 2015 Year-End Distributions.
    For further details, please click here.
  • November 27, 2015

    FPA U.S. Value Fund, Inc. (FPPFX - Formerly FPA Perennial Fund, Inc.) Impact of Capital Gains Distribution

    For full story, please click the link below.
    For further details, please click here.
  • November 17, 2015

    Abhi Patwardhan named Portfolio Manager of the FPA Absolute Fixed Income Strategy, including FPA New Income, Inc. (FPNIX)

    For full story, please click the link below.
    For further details, please click here.
  • November 17, 2015

    Source Capital Portfolio Manager Eric Ende to Retire

    For full story, please click the link below.
    For further details, please click here.
  • November 9, 2015

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, Nov. 9, 2015---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 85 cents a common share, payable December 15, 2015, to shareholders of record as of the close of business November 27, 2015. The Board of Directors has also declared a special year-end distribution of 60 cents a common share, payable December 15, 2015, to shareholders of record as of the close of business November 27, 2015. 

    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 was declared because the Company has realized substantial capital gains during 2015.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

    For further details, please click here.
  • October 15, 2015

    FPA U.S. Value Fund, Inc. (FPPFX) Opens to New Investors

    Los Angeles (October 15, 2015) – As detailed in our prior announcements, following the completion of the portfolio transition to an all-cap strategy, FPA U.S. Value Fund, Inc. is now open to new investors effective October 15, 2015.

    For further details, please click here.
  • August 10, 2015

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, August 10, 2015---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 85 cents a  common share, payable September 15, 2015, to shareholders of record as of the close of business August 28, 2015.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.

  • May 11, 2015

    Source Capital Declares Quarterly Distribution on Common Stock

    LOS ANGELES, May 11, 2015---The Board of Directors of Source Capital, Inc. (NYSE:SOR), today declared a regular quarterly distribution of 85 cents a  common share, payable June 15, 2015, to shareholders of record as of the close of business May 22, 2015.

    Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LLC.