SOURCE CAPITAL /DE/ — Investor Relations & Filings

Source Capital is a closed-end fund managed by FPA. The fund's primary objective is to achieve maximum total return for its shareholders, derived from both capital appreciation and investment income, while prioritizing the protection of invested capital. It employs a flexible, absolute-return-focused investment strategy, allowing it to invest across various capital structures, geographies, sectors, and market capitalizations. The fund's allocation can shift towards fixed income in the absence of compelling equity opportunities. The investment process is rooted in deep, independent, and fundamental security-specific research in both debt and equity markets, with a core goal of avoiding permanent capital impairment.