Welcome to our dedicated page for LMP Capital and Income Fund news (Ticker: SCD), a resource for investors and traders seeking the latest updates and insights on LMP Capital and Income Fund stock.
LMP Capital and Income Fund, Inc. (symbol: SCD) is a United States-based non-diversified, closed-end management investment company. Its primary investment objective is to achieve total return with a strong emphasis on income. The fund strategically allocates its assets across a diverse range of equity and fixed-income securities, encompassing both U.S. and foreign issuers.
The fund's portfolio is robust with long-term investments, including common stocks, convertible preferred stocks, investments in underlying funds, and master limited partnerships. These investments provide a steady income stream while aiming for capital appreciation.
The fund is managed by Franklin Templeton, following the merger with Legg Mason. This collaboration enhances the fund's access to a broad spectrum of financial expertise and global market insights. As a result, LMP Capital and Income Fund, Inc. continually adapts to market dynamics to optimize returns for its shareholders.
Recent achievements highlight the fund's resilience and proactive management strategies in navigating market fluctuations. Current projects focus on expanding the fund's global reach and diversifying its investment portfolio to mitigate risks and capitalize on emerging market opportunities.
Financially, LMP Capital and Income Fund, Inc. maintains a solid position with a balance between income generation and capital growth. The fund's transparent and disciplined investment approach appeals to investors seeking stable and sustainable returns.
Latest News: Stay updated with the most recent developments and performance metrics of LMP Capital and Income Fund, Inc. through the latest news sourced from Franklin Resources, Inc. and Legg Mason Closed End Funds.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution details for December 2, 2024. The Fund's monthly distribution of $0.1130 per share consists of 3.21% from net investment income, 9.69% from short-term capital gains, and 87.10% from long-term capital gains. For the fiscal year 2024 to date, the cumulative distribution of $1.2430 per share follows a similar pattern. The Fund's performance shows an average annual total return of 11.53% over the five-year period and a cumulative total return of 25.87% for the current fiscal period through October 31, 2024.
Franklin Templeton Fund Adviser has announced distributions for certain closed-end funds for December 2024, January and February 2025. BrandywineGLOBAL - Global Income Opportunities Fund (BWG) will distribute $0.08000 per share monthly, while Western Asset Emerging Markets Debt Fund (EMD) will distribute $0.08750, reflecting a $0.00300 increase. BWG's fiscal year-to-date distributions are estimated to come from 67.43% income and 32.57% return of capital. The distributions will be paid on December 31, 2024, February 3, 2025, and March 3, 2025, respectively.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution details for November 1, 2024. The monthly distribution of $0.1130 per share consists of 3.47% from net investment income, 10.31% from short-term capital gains, and 86.22% from long-term capital gains. The Fund's performance metrics show an average annual total return of 11.94% for the 5-year period and a cumulative total return of 26.80% for the fiscal period through September 30, 2024. The Fund maintains a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution sources for October 1, 2024, and the fiscal year 2024 to date. The Fund's September monthly distribution of $0.1130 per share comprises 2.33% from net investment income, 11.18% from net realized short-term capital gains, and 86.49% from net realized long-term capital gains. No return of capital is included in this distribution.
The Fund's cumulative fiscal year-to-date distribution of $1.0170 per share follows the same allocation percentages. SCD's average annual total return for the 5-year period ended August 31, 2024, is 12.28%, with an annualized distribution rate of 7.79%. The Fund maintains a managed distribution policy aiming to deliver long-term total return potential through regular monthly distributions.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution details for September 3, 2024, and fiscal year 2024 to date. The Fund's estimated allocations for the August monthly distribution of $0.1130 per share are: 8.59% from net investment income, 17.08% from net realized short-term capital gains, and 74.33% from net realized long-term capital gains. No return of capital is expected.
The Fund's 5-year average annual total return is 11.47%, with an annualized distribution rate of 7.95%. The cumulative total return for the fiscal period through July 31, 2024, is 21.05%. SCD maintains a managed distribution policy aiming to deliver long-term total return potential through regular monthly distributions.
Franklin Templeton Fund Adviser, has announced distributions for certain closed-end funds for September, October, and November 2024. The funds include BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD), and Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG will distribute $0.08000 per share each month.
The distributions are part of the funds' managed distribution policy, aiming to maintain consistent distribution levels from income, capital gains, and potentially return of capital. For BWG, the estimated source of distributions for the fiscal year-to-date is 55.04% from income and 44.96% from return of capital. Shareholders are advised not to draw conclusions about fund performance from these distributions.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution details for August 1, 2024, and fiscal year 2024. The Fund's estimated sources of distribution include:
- July Monthly Distribution: $0.1130 per share
- Fiscal Year-to-Date Distribution: $0.7910 per share
The distribution sources are broken down into net investment income, short-term and long-term capital gains, and return of capital. SCD estimates it has distributed more than its income and net realized capital gains, indicating a portion may be a return of capital. The Fund's 5-year average annual total return is 11.19%, with a current annualized distribution rate of 8.17%.
LMP Capital and Income Fund (NYSE: SCD) released an announcement regarding the sources of its distributions slated for July 1, 2024. The fund disclosed estimated allocations for the June monthly distribution, noting that a significant portion (78.42%) comprises net realized long-term capital gains, with the rest from net investment income (10.05%) and net realized short-term capital gains (11.52%). No return of capital was reported. For the fiscal year-to-date, the distribution per share is $0.6780, with similar allocation percentages. Notably, SCD has distributed more than its income and net realized capital gains, which could imply a return of capital. This distribution does not necessarily reflect fund performance. Performance metrics include a 5-year average annual total return of 12.35% and a cumulative total return of 14.45% for the fiscal period through May 31, 2024. The managed distribution policy allows for regular monthly payouts, potentially including returns of capital. Investors will receive Form 1099-DIV for tax purposes.
Effective June 3, 2024, LMP Capital and Income Fund (NYSE: SCD) will have a new portfolio management team overseeing its day-to-day operations. The team includes Peter Vanderlee, Patrick McElroy, Tatiana Thibodeau Eades from ClearBridge, and Michael Buchanan, Ryan Brist, Christopher Kilpatrick, and Mark Lindbloom from Western Asset. Chia-Liang (CL) Lian will no longer serve as a portfolio manager for the Fund. Investors are reminded that shares of the Fund, traded on the NYSE, can fluctuate in value due to market conditions and may be worth more or less than the original investment.
LMP Capital and Income Fund (NYSE: SCD) has announced the estimated sources of its distribution set for June 3, 2024. As of April 30, 2024, the fund's distribution per share is $0.1130, with allocations of 9.05% from net investment income, 11.69% from net realized short-term capital gains, and 79.26% from net realized long-term capital gains.
Year-to-date cumulative distribution per share stands at $0.5650 with the same percentage allocations. The fund noted that it has distributed more than its income and net realized capital gains, indicating a portion of the distribution may be a return of capital.
Performance metrics include an average annual total return of 9.87% over five years, an annualized distribution rate of 8.65%, and a cumulative total return of 9.08% for the fiscal period up to April 30, 2024.
The distributions are made under a managed distribution policy and may include income, realized gains, or a return of capital. The policy aims to provide regular monthly distributions, but changes could affect the fund's market price.
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