Source Capital, Inc. announces a share repurchase program. Under the program, the company will repurchase up to 10% of the Fund’s outstanding shares. Repurchases will be made through open market transaction. The shares will be repurchased at such times as the Fund's shares trade at a greater than 10% discount to the Fund's net asset value, when in advisors judgment such repurchases would benefit shareholders, subject to various factors, including the limitations imposed by the federal securities laws governing the repurchase of an issuer's stock by the issuer and advisors ability to raise cash to repurchase shares of the Fund's common stock in a tax-efficient manner. There is no assurance that the Fund will purchase shares at any specific discount levels or in any specific amounts. The Board of Directors of the Fund may amend or terminate the Fund’s stock repurchase program, solely in its discretion, at any time during the duration of the program.
Source Capital, Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund's investments include semiconductor devices; industrial distribution and rental; cement and aggregates; Internet media; cable and satellite; application software; electrical components; chemicals; insurance brokers; diversified banks; base metals; banks; investment companies; food services; integrated utilities; railroad rolling stock, apparel, footwear and accessory design; e-commerce discretionary, hotels; restaurants and leisure; commercial and residential building equipment and systems; automotive retailers; real estate owners and developers; entertainment content; energy; health care services and others. The Fund's investment adviser is First Pacific Advisors, LP.
SOURCE CAPITAL, INC. 
