Source Capital Wraps Up Stock Split
Source Capital Corp. is continuing its transformation with a one-for-five reverse split and a change in listing, spokesman Les Clark said Wednesday.
The stock, formerly traded as Source Capital Class A, started trading Monday as Source Capital Corp., he said. At the close of trading Tuesday, the price was $8.75.
The reverse split reduced the number of shares to 1.4 million outstanding.
Source is a Spokane-based commercial lender that emerged from the bankruptcy of a predecessor company, Selectors Inc., in 1991. , DataTimes