LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of 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) ha annunciato le fonti di distribuzione per il 1° ottobre 2024 e per l'anno fiscale 2024 fino ad oggi. La distribuzione mensile di settembre del Fondo di $0.1130 per azione è composta dal 2.33% di reddito netto da investimenti, dall'11.18% di guadagni di capitale realizzati a breve termine e dall'86.49% di guadagni di capitale realizzati a lungo termine. Non è inclusa alcuna restituzione di capitale in questa distribuzione.
La distribuzione cumulativa dall'inizio dell'anno fiscale del Fondo di $1.0170 per azione segue le stesse percentuali di allocazione. Il rendimenti annuale totale medio di SCD per il periodo di 5 anni terminato il 31 agosto 2024 è del 12.28%, con un tasso di distribuzione annualizzato del 7.79%. Il Fondo mantiene una politica di distribuzione gestita volta a fornire il potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
LMP Capital and Income Fund Inc. (NYSE: SCD) ha anunciado sus fuentes de distribución para el 1 de octubre de 2024 y para el año fiscal 2024 hasta la fecha. La distribución mensual de septiembre del Fondo de $0.1130 por acción se compone del 2.33% de ingresos netos por inversiones, del 11.18% de ganancias de capital netas realizadas a corto plazo y del 86.49% de ganancias de capital netas realizadas a largo plazo. No se incluye ninguna devolución de capital en esta distribución.
La distribución acumulativa del año fiscal hasta la fecha del Fondo de $1.0170 por acción sigue los mismos porcentajes de asignación. El rendimiento total anual promedio de SCD para el período de 5 años finalizado el 31 de agosto de 2024 es del 12.28%, con una tasa de distribución anualizada del 7.79%. El Fondo mantiene una política de distribución gestionada que tiene como objetivo ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares.
LMP Capital and Income Fund Inc. (NYSE: SCD)는 2024년 10월 1일 및 2024 회계연도 현재까지의 배당 출처를 발표했습니다. 펀드의 9월 월 배당금은 주당 0.1130달러로, 2.33%는 순투자 수익, 11.18%는 단기 실현 자본 이익, 86.49%는 장기 실현 자본 이익에서 왔습니다. 자본 반환은 이 분배에 포함되어 있지 않습니다.
펀드의 회계연도 누적 배당금은 주당 1.0170달러로 동일한 비율로 분배됩니다. SCD의 5년 평균 연간 총 수익률은 2024년 8월 31일 기준으로 12.28%이며, 연환산 배당률은 7.79%입니다. 펀드는 정기적인 월간 분배를 통해 장기적인 총 수익 잠재력을 제공하기 위한 관리 배당 정책을 유지하고 있습니다.
LMP Capital and Income Fund Inc. (NYSE: SCD) a annoncé ses sources de distribution pour le 1er octobre 2024 et pour l'année fiscale 2024 à ce jour. La distribution mensuelle de septembre du Fonds de 0,1130 $ par action se compose de 2,33 % de revenus nets d'investissement, de 11,18 % de gains en capital nets réalisés à court terme et de 86,49 % de gains en capital nets réalisés à long terme. Aucun retour de capital n'est inclus dans cette distribution.
La distribution cumulée depuis le début de l'année fiscale du Fonds de 1,0170 $ par action suit les mêmes pourcentages d'allocation. Le rendement total annuel moyen de SCD pour la période de 5 ans se terminant le 31 août 2024 est de 12,28 %, avec un taux de distribution annualisé de 7,79 %. Le Fonds maintient une politique de distribution gérée visant à offrir un potentiel de rendement total à long terme par le biais de distributions mensuelles régulières.
LMP Capital and Income Fund Inc. (NYSE: SCD) hat seine Verteilungsmittel für den 1. Oktober 2024 und für das laufende Geschäftsjahr 2024 bekannt gegeben. Die monatliche Verteilung im September des Fonds von 0,1130 $ pro Aktie setzt sich aus 2,33 % aus Nettoanlageerträgen, 11,18 % aus realisierten Nettoerträgen aus kurzfristigen Kapitalgewinnen und 86,49 % aus realisierten Nettoerträgen aus langfristigen Kapitalgewinnen zusammen. Es ist keine Kapitalrückzahlung in dieser Verteilung enthalten.
Die kumulative Verteilung seit Jahresbeginn des Fonds von 1,0170 $ pro Aktie folgt denselben Verteilungsschlüsseln. Der schnittliche jährliche Gesamtertrag von SCD für den Zeitraum von 5 Jahren, der am 31. August 2024 endete, beträgt 12,28 %, mit einer annualisierten Ausschüttungsquote von 7,79 %. Der Fonds verfolgt eine verwaltete Ausschüttungspolitik, die darauf abzielt, langfristiges Gesamtertragspotenzial durch regelmäßige monatliche Ausschüttungen zu bieten.
- Average annual total return of 12.28% for the 5-year period ended August 31, 2024
- Annualized distribution rate of 7.79% as of August 31, 2024
- Cumulative total return of 24.42% for the fiscal period through August 31, 2024
- No return of capital in the current distribution, indicating earnings cover the payout
- None.
Notification of Sources of Distributions
Pursuant to Section 19(a) of the Investment Company Act of 1940
The Fund’s estimated sources of the distribution to be paid October 1, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for the September Monthly Distribution as of August 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of August 31, 2024, for the fiscal year ending November 30, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Plan. SCD estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the SCD distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect SCD’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.
Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 8/31/2024)1 |
Annualized Distribution Rate (as a percentage of NAV as of 8/31/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 8/31/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 8/31/2024)4 |
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Fund Performance and Distribution Rate Information:
- Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through August 31, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of August 31, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2023 through August 31, 2024, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period November 30, 2023 through August 31, 2024, as a percentage of the Fund’s NAV as of August 31, 2024.
This Fund has a managed distribution policy that seeks to deliver the Fund’s long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if a Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. The Board of Directors of the Fund may terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund’s shares.
For further information on LMP Capital and Income Fund Inc.,
please visit our web site at: www.franklintempleton.com/investments/options/closed-end-funds
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.
Category: Distribution Related
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001795295/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the September 2024 monthly distribution amount for LMP Capital and Income Fund Inc. (SCD)?
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What is the average annual total return for SCD over the 5-year period ended August 31, 2024?
What is the annualized distribution rate for SCD as of August 31, 2024?
