# 2026-16385: Some Closed-End Funds Want to Send Capital Gains Monthly

2026-16385, Source Capital and First Pacific Advisors, LP, is a Federal Register notice from Securities and Exchange Commission published 2026-08-12, effective 2026-04-21; PRIA reads it as touching household money (as of 2026-10-28).

- Canonical: https://policyrisk.com/federal-register/2026-16385
- As of: 2026-10-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-16385
- Title: Source Capital and First Pacific Advisors, LP
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 52103
- Published: 2026-08-12
- Effective: 2026-04-21
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-10-28

## In one line

Some Closed-End Funds Want to Send Capital Gains Monthly

## Summary

Source Capital and First Pacific Advisors want permission to pay out long-term capital gains more often—up to monthly instead of just once a year. This change affects investors in certain closed-end funds and could mean more frequent cash in their pockets. The SEC will decide by September 1, 2026, unless someone asks for a hearing.

## Effects PRIA read

- Monthly Capital-Gains Payouts Requested: benefit, low. Source Capital and First Pacific Advisors asked the SEC for permission to let certain registered closed-end funds pay long-term capital gains more frequently. The application would allow those funds to distribute long-term capital gains as often as twelve times in any one taxable year for common st…

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## Sources
- [2026-16385 on federalregister.gov](https://www.federalregister.gov/documents/2026/08/12/2026-16385/source-capital-and-first-pacific-advisors-lp)
- [2026-16385 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-08-12/pdf/2026-16385.pdf)

## Related
- [Previous: 2026-16384, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and I…](https://policyrisk.com/federal-register/2026-16384)
- [Next: 2026-16386, Agency Information Collection Activities: Proposed Collection; Comment Request](https://policyrisk.com/federal-register/2026-16386)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-16385 (as of 2026-10-28).