SOURCE CAPITAL

Source Capital, Inc. is a closed-end balanced fund managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States, focusing on stocks of companies across diversified sectors. It primarily invests in value stocks of small to mid-cap companies. The fund employs fundamental analysis with a bottom-up stock selection approach. This approach considers factors such as high liquidity, relatively unleveraged balance sheets, and the long-term ability to earn above-average returns on capital when constructing its portfolio. Source Capital, Inc. benchmarks its portfolio's performance against the Russell 2500 Index, the S&P 500 Index, and the Nasdaq Composite Index. The fund was formed on June 1, 1968, and is domiciled in the United States.