Welcome to our dedicated page for LMP Capital & Income news (Ticker: SCD), a resource for investors and traders seeking the latest updates and insights on LMP Capital & Income 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.
Franklin Templeton Fund Adviser has announced distribution schedules for certain closed-end funds for March, April, and May 2025. BrandywineGLOBAL - Global Income Opportunities Fund (BWG) will maintain its distribution at $0.08000 per share for all three months. The LMP Capital and Income Fund will distribute $0.12000 (increased by $0.00700), and Western Asset Emerging Markets Debt Fund will distribute $0.09000 (increased by $0.00250).
Distribution dates are set for April 1, May 1, and June 2, 2025, with corresponding record dates on March 24, April 23, and May 22. BWG's fiscal year-to-date distributions comprise 83.06% from income and 16.94% from return of capital. The managed distribution policy aims to maintain consistent distribution levels from income and capital gains, though distributions may include return of capital when necessary.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its January 2025 distribution details. The Fund will distribute $0.1130 per share on February 3, 2025, comprising 27.65% from net investment income ($0.0312) and 72.35% from net realized long-term capital gains ($0.0818).
The Fund's performance metrics as of December 31, 2024, show an average annual total return of 10.82% over the past 5 years, an annualized distribution rate of 7.69%, and a cumulative total return of -4.76% for the fiscal period. The cumulative fiscal year-to-date distribution rate stands at 0.64%.
The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions. Shareholders are advised that if the Fund's aggregate net investment income and realized capital gains are less than the distribution amount, the difference will be distributed as a return of capital.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its December 2024 distribution details and fiscal year-to-date allocations. The Fund's December monthly distribution of $0.1130 per share comprises 8.21% from net investment income, 9.12% from short-term capital gains, and 82.67% from long-term capital gains.
For the fiscal year 2024, the cumulative distribution of $1.3560 per share includes 4.16% from net investment income, 10.18% from short-term capital gains, and 85.65% from long-term capital gains. The Fund's performance metrics show a 12.97% average annual total return over five years and a 35.75% cumulative total return for the fiscal period through November 30, 2024.
ClearBridge Investments has announced updates to the portfolio management team of the LMP Capital and Income Fund Inc. (NYSE: SCD). The team structure, effective December 31, 2024, includes key members from both ClearBridge Investments and Western Asset Management Company.
From ClearBridge, Peter Vanderlee (team member since 2009) and Patrick McElroy (since 2022) will manage equity investments and oversee allocation between equity and fixed income securities. The Western Asset team includes Michael Buchanan, Ryan Brist, Mark Lindbloom (all since 2010), and Christopher Kilpatrick (since 2023), who will manage the fixed income portion.
The Fund trades on the NYSE, and like other closed-end funds, its shares may trade at a discount to NAV and are subject to market fluctuations and risk of loss.
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.
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