Latest news with #Section19
Business Wire
29-05-2025
- Business
- Business Wire
Source Capital Declares June, July, and August 2025 Distribution on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Trustees of Source Capital (NYSE: SOR) (the 'Fund'), approved maintaining the Fund's regular monthly distribution rate for June, July, and August 2025 as follows: Regular Monthly Distributions: About Source Capital Source Capital is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under the symbol 'SOR.' The investment objective of the Fund is to seek maximum total return for shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund may invest in longer duration assets like dividend paying equities and illiquid assets like private loans in pursuit of its investment objective and is thus intended only for those investors with a long-term investment horizon (greater than or equal to ~5 years). You can obtain additional information by visiting the website at by email at crm@ toll free by calling 1-800-982-4372, or by contacting the Fund in writing. Important Disclosures You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. Distributions may include ordinary income, net capital gains and/or returns of capital. Generally, a return of capital would occur when the amount distributed by the Fund includes a portion of (or is comprised entirely of) your investment in the Fund in addition to (or rather than) your pro-rata portion of the Fund's net income or capital gains. The Fund's distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with 'yield' or 'income.' A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund. If the Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will notify shareholders of the estimated composition of such distribution through a separate written Section 19 notice. Such notices are provided for informational purposes only, and should not be used for tax reporting purposes. Final tax characteristics of all Fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year. It is important to note that differences exist between the Fund's daily internal accounting records and practices, the Fund's financial statements prepared in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. Please see the Fund's most recent shareholder reports for more detailed tax information. The Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund's distribution rate at a future time. As with any stock, the price of the Fund's common shares will fluctuate with market conditions and other factors. Shares of closed-end management investment companies frequently trade at a price that is less than (a 'discount') or more than (a 'premium') their net asset value. If the Fund's shares trade at a premium to net asset value, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. The Fund's portfolio statistics and performance are available by visiting the website at by email at crm@ toll free by calling 1-800-279-1241 (option 1), or by contacting the Fund in writing. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state. In the event of a tender offer, there may be tax consequences for a stockholder. For example, a stockholder may owe capital gains taxes on any increase in the value of the shares over your original cost. Investments, including investments in closed-end funds, carry risks and investors may lose principal value. Capital markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. It is important to remember that there are risks inherent in any investment and there is no assurance that any investment or asset class will provide positive performance over time. Value style investing presents the risk that the holdings or securities may never reach our estimate of intrinsic value because the market fails to recognize what the portfolio management team considers the true business value or because the portfolio management team has misjudged those values. In addition, value style investing may fall out of favor and underperform growth or other style investing during given periods. Non-U.S. investing presents additional risks, such as the potential for adverse political, currency, economic, social or regulatory developments in a country, including lack of liquidity, excessive taxation, and differing legal and accounting standards. Non-U.S. securities, including American Depository Receipts (ADRs) and other depository receipts, are also subject to interest rate and currency exchange rate risks. Fixed income instruments are subject to interest rate, inflation and credit risks. Such investments may be secured, partially secured or unsecured and may be unrated, and whether or not rated, may have speculative characteristics. The market price of the Fund's fixed income investments will change in response to changes in interest rates and other factors. Generally, when interest rates rise, the values of fixed income instruments fall, and vice versa. Certain fixed income instruments are subject to prepayment risk and/or default risk. Private placement securities are securities that are not registered under the federal securities laws, and are generally eligible for sale only to certain eligible investors. Private placements may be illiquid, and thus more difficult to sell, because there may be relatively few potential purchasers for such investments, and the sale of such investments may also be restricted under securities laws. The Fund may use leverage. While the use of leverage may help increase the distribution and return potential of the Fund, it also increases the volatility of the Fund's net asset value (NAV), and potentially increases volatility of its distributions and market price. There are costs associated with the use of leverage, including ongoing dividend and/or interest expenses. There also may be expenses for issuing or administering leverage. Leverage changes the Fund's capital structure through the issuance of preferred shares and/or debt, both of which are senior to the common shares in priority of claims. If short-term interest rates rise, the cost of leverage will increase and likely will reduce returns earned by the Fund's common stockholders. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
RTÉ News
25-05-2025
- RTÉ News
Garda figures show significant decrease in reported crime this year
Gardaí say there has been a significant decrease in robbery, burglary, violent disorder, crimes against the person and theft offences this year. Provisional Garda figures for the first three months show a decrease across all property crimes but an increase in organised crime and fraud offences, compared to the same period last year. Gardaí say these increases are linked to increased reporting and detections. The official CSO crime figures, which are based on Garda statistics, are due to be published in the next few weeks. Gardaí publish provisional crime figures in the Commissioner's report every month. Robbery down 25% across the country The figures for reported crime in the first quarter of this year show significant reductions in most categories. There were decreases in all categories of property crime with residential burglaries down 17% - to 15 a day across the country - when compared to the same period last year, and aggravated burglary with violence down 29%. Robbery was down 25% across the country, while robbery from the person was down 27%. Theft offences were also down; from people by 30%, from cars or vans by 32% and from shops by 6%. There were more than 300 fewer incidents of theft from people in Dublin. Bicycle theft was also down 14%, with a reduction of 19% in Dublin while assaults causing harm were down 8%. 8,300 people arrested for shoplifting There were increases in some offences. Public order was up 2%, fraud up 61% due to the high number of Section 19 referrals, and shoplifting in Dublin also up 2%. However, gardaí say under Operation Táirge, over 8,300 people were arrested for shoplifting in the twelve months up to last month, an increase of 8%. Over 20,200 charges were preferred, an increase of over 30%.Organised crime offences increased, with shootings up 8%, drug dealing up 16% and murder and human trafficking also up, but based on low numbers of 10 incidents each. The Garda Drugs and Organised Crime Bureau seized almost €22 million worth of drugs in the first three months of this year. Overall sex offences and domestic violence offences remained static, with gardaí attending over 15,300 domestic abuse incidents in the first three months of this year. And in a weekend when three people died on the roads in 24 hours, gardaí say fatal and serious road traffic collisions decreased in the first three months by 40%. However, they also say there are 130 road traffic collisions every day, 23 drivers are arrested every day for drink or drug driving and over 70,000 Fixed Charge Notices (FCN's) have been issued. More than 31,000 of those FCN's are for speeding, over six thousand are for mobile phone use and 4,400 were issued to provisional or learner drivers.
The Star
08-05-2025
- The Star
Perak Labour Dept rescues 55 foreign workers from exploitation at Lahat furniture company
IPOH: About 55 foreign workers, believed to be victims of exploitation, were rescued from a furniture company in Lahat. Perak Labour Department director Mohd Nizar Zakaria said the victims, which included 32 from Bangladesh, 14 Myanmar nationals, and nine Nepalese, aged between 19 and 45, were rescued during an Ops Mega Pintas operation on Thursday (May 8). Mohd Nizar said the victims' employer failed to provide appropriate accommodation, violating Section 24(D) of the Workers Minimum Standards of Housing and Amenities Act. "The employer has also committed multiple offences under the Employment Act, including Section 19 for late salary payment, Section 60K for failure to report foreign workers' employment, and Section 24 for unauthorised salary deductions. "Other offences included Regulation 8 for absence of employment contracts and Section 90B for forced labour practices," he told reporters after the raid on May 8. "Apart from the foreigners, we also rescued six locals aged between 35 and 60," he added. Nizar said the workers have not received their salaries for the past five months, and the foreign workers have had their passports withheld by the employer. Authorities are now gathering statements from all the workers to determine the duration of exploitation and whether the employer complied with the minimum wage of RM1,700. "The police have opened an investigation under the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act 2007 (Act 670). "The Environment Department will also take necessary action regarding the unsafe factory conditions," he added. Meanwhile, Perak police chief Comm Datuk Noor Hisam Nordin said the raid was carried out based on public information about the workers' struggles. He said the company's 58-year-old managing director has been arrested. "The foreign workers will be transferred to a protection centre in Melaka within 24 hours. "We urge all employers not to mistreat their employees and to uphold their responsibilities while adhering to the law," he added.
Associated Press
21-03-2025
- Business
- Associated Press
Source Capital Declares April and May 2025 Distribution on Common Stock
LOS ANGELES--(BUSINESS WIRE)--Mar 20, 2025-- The Board of Directors of Source Capital (NYSE: SOR) (the 'Fund'), approved maintaining the Fund's regular monthly distribution rate for April and May 2025 as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date April 2025 May 2025 $0.2083 April 16, 2025 May 15, 2025 April 30, 2025 May 30, 2025 About Source Capital Source Capital is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under the symbol 'SOR.' The investment objective of the Fund is to seek maximum total return for shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund may invest in longer duration assets like dividend paying equities and illiquid assets like private loans in pursuit of its investment objective and is thus intended only for those investors with a long-term investment horizon (greater than or equal to ~5 years). You can obtain additional information by visiting the website at , by email at [email protected] , toll free by calling 1-800-982-4372, or by contacting the Fund in writing. Important Disclosures You should consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. Distributions may include ordinary income, net capital gains and/or returns of capital. Generally, a return of capital would occur when the amount distributed by the Fund includes a portion of (or is comprised entirely of) your investment in the Fund in addition to (or rather than) your pro-rata portion of the Fund's net income or capital gains. The Fund's distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with 'yield' or 'income.' A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund. If the Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will notify shareholders of the estimated composition of such distribution through a separate written Section 19 notice. Such notices are provided for informational purposes only, and should not be used for tax reporting purposes. Final tax characteristics of all Fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year. It is important to note that differences exist between the Fund's daily internal accounting records and practices, the Fund's financial statements prepared in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. Please see the Fund's most recent shareholder reports for more detailed tax information. The Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund's distribution rate at a future time. As with any stock, the price of the Fund's common shares will fluctuate with market conditions and other factors. Shares of closed-end management investment companies frequently trade at a price that is less than (a 'discount') or more than (a 'premium') their net asset value. If the Fund's shares trade at a premium to net asset value, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. The Fund's portfolio statistics and performance are available by visiting the website at , by email at [email protected] , toll free by calling 1-800-279-1241 (option 1), or by contacting the Fund in writing. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state. In the event of a tender offer, there may be tax consequences for a stockholder. For example, a stockholder may owe capital gains taxes on any increase in the value of the shares over your original cost. Investments, including investments in closed-end funds, carry risks and investors may lose principal value. Capital markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. It is important to remember that there are risks inherent in any investment and there is no assurance that any investment or asset class will provide positive performance over time. Value style investing presents the risk that the holdings or securities may never reach our estimate of intrinsic value because the market fails to recognize what the portfolio management team considers the true business value or because the portfolio management team has misjudged those values. In addition, value style investing may fall out of favor and underperform growth or other style investing during given periods. Non-U.S. investing presents additional risks, such as the potential for adverse political, currency, economic, social or regulatory developments in a country, including lack of liquidity, excessive taxation, and differing legal and accounting standards. Non-U.S. securities, including American Depository Receipts (ADRs) and other depository receipts, are also subject to interest rate and currency exchange rate risks. Fixed income instruments are subject to interest rate, inflation and credit risks. Such investments may be secured, partially secured or unsecured and may be unrated, and whether or not rated, may have speculative characteristics. The market price of the Fund's fixed income investments will change in response to changes in interest rates and other factors. Generally, when interest rates rise, the values of fixed income instruments fall, and vice versa. Certain fixed income instruments are subject to prepayment risk and/or default risk. Private placement securities are securities that are not registered under the federal securities laws, and are generally eligible for sale only to certain eligible investors. Private placements may be illiquid, and thus more difficult to sell, because there may be relatively few potential purchasers for such investments, and the sale of such investments may also be restricted under securities laws. The Fund may use leverage. While the use of leverage may help increase the distribution and return potential of the Fund, it also increases the volatility of the Fund's net asset value (NAV), and potentially increases volatility of its distributions and market price. There are costs associated with the use of leverage, including ongoing dividend and/or interest expenses. There also may be expenses for issuing or administering leverage. Leverage changes the Fund's capital structure through the issuance of preferred shares and/or debt, both of which are senior to the common shares in priority of claims. If short-term interest rates rise, the cost of leverage will increase and likely will reduce returns earned by the Fund's common stockholders. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. View source version on CONTACT: Investors:800-982-4372,[email protected], Media:Tucker Hewes, Hewes Communications, Inc., 212-207-9451,[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Source Capital Copyright Business Wire 2025. PUB: 03/20/2025 07:57 PM/DISC: 03/20/2025 07:57 PM
Yahoo
28-01-2025
- Climate
- Yahoo
Problem underpass and cycle path STILL flooding after complaints
A cycle path and underpass flooded again after Storm Herminia hit Swindon. The Drake's Way Eastern Flyer, accessible from Marlowe Avenue, is currently unusable due to the amount of water filling the tunnel. The route, which has colourful murals decorating its sides, often falls foul of heavy rain as the low-lying path collects rainwater and any overflow from nearby drains. There have been several instances of the route becoming inaccessible due to standing water not draining away from the area, and on one occasion it froze over creating a temporary and dangerous public ice rink. (Image: Dave Cox) Your Community, Your News Subscribe to Swindon Advertiser now for either 50% off for a year or 3 months for £3. Stay connected with all local happenings. #CommunityNews #SpecialOffer — Swindon Advertiser (@swindonadver) January 20, 2025 Read More: Swindon flood investigation aims to discover who owns what Members of the public have frequently asked for something to be done to stop this from happening. In 2021, one Adver reader sent in photos and said: "Here is the Drakes Way subway. It floods like this every single time it rains heavily. "It has been done for years now and still no action taken to fix it." Part of the issue is that there appears to be an evident confusion of responsibilities for the area. (Image: Dave Cox) In 2022, Thames Water seemed to believe the issue was it's to resolve The utility company said the flooding was caused by a surface water pipe that runs from the underpass down to a local watercourse, which is affected when water levels rise in the stream and then back up the pipe causing flooding to the underpass. It added that it was going to survey to determine if it could lift the last section of the surface water pipe out of the watercourse so that it isn't affected during periods of heavy rain In March 2023, when the brightly painted subway that had been recently painted by a local mural artist was flooded Swindon Borough Council reiterated this when it told the Advertiser it was the responsibility of Thames Water. (Image: Dave Cox) But when the subway was flooded again in 2024, the water company said that it was the responsibility of the borough council. After flooding issues around the whole of Swindon last year, Swindon Borough Council launched an investigation to identify the causes of frequent inundations and also the best way to prevent them in the future. But councillor Chris Watts, the cabinet member in charge, says the first issue is to determine where differing responsibilities lie - with the borough council, with Thames Water or with the Environment Agency. The council is expected to complete the report, known as a Section 19 report, in 2025.
