Source Capital, Inc. Price & Performance (SOR)

Cannae Holdings has responded to Carronade Capital’s recent criticisms by emphasizing its strategy to enhance shareholder value. The company highlighted efforts such as capital returns, portfolio rebalancing, and operational improvements. These measures aim to narrow the gap between its share price and net asset value, while fostering long-term growth.1

Source Capital saw a dramatic rise in short interest during February, increasing 104.3% from the previous month. With short interest now totaling 9,400 shares, the company’s short-interest ratio stands at 0.7 days. Despite this, Source Capital continues to offer a strong dividend yield of 5.89%, appealing to income-focused investors.2

LMP Capital and Income Fund disclosed its February distribution estimates, indicating part of the payout may be a return of capital. This managed distribution policy aims to provide consistent returns but could impact shareholders’ tax basis. The fund emphasizes that distribution amounts are estimates and subject to final tax reporting.3