 LOS ANGELES-- BUSINESS WIRE --The Board of Directors of Source Capital, Inc. NYSE: SOR the Fund, today announced that for the Funds Discount Management Program the Program measurement period from January 1, 2022 through December 31, 2022, the Fund traded at an average discount to net asset value NAV of less than 10, including that the Fund traded at a discount to NAV of 4.0 at the end of 2022, one of its lowest discounts in the past 10 years. As a result, the tender offer for calendar year 2022 under the Funds Program will not occur. 