LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

Rhea-AI Summary

LMP Capital and Income Fund Inc. (NYSE: SCD) announced its estimated sources for distributions to be paid on October 3, 2022. The quarterly distribution is set at $0.2600 per share, with net investment income allocation of $0.0858 (33% of total), and a return of capital at $0.1742 (67% of total). As of August 31, 2022, cumulative distributions year-to-date amounted to $0.7800 per share, with a total return estimate of -4.39% for the fiscal year.

Positive

• Quarterly distribution of $0.2600 per share indicates ongoing income generation.
• Cumulative distribution of $0.7800 per share highlights consistency in payouts.

Negative

• Cumulative total return of -4.39% for fiscal year reflects underperformance.
• A significant portion of distribution is a return of capital, potentially indicating unsustainable payouts.

NEW YORK--(BUSINESS WIRE)-- LMP Capital and Income Fund Inc. [NYSE: SCD]

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 on October 3, 2022 and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for the September Quarterly Distribution as of August 31, 2022:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.2600		$0.0858		$0.0000		$0.0000		$0.1742
100%		33%		0%		0%		67%

Cumulative Estimated Allocations fiscal year-to-date as of August 31, 2022, for the fiscal year ending November 30, 2022:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.7800		$0.2574		$0.0000		$0.0000		$0.5226
100%		33%		0%		0%		67%

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 8/31/2022)1	Annualized Distribution Rate (as a percentage of NAV as of 8/31/2022)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 8/31/2022)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 8/31/2022)4
7.52%	7.19%	-4.39%	5.39%

Fund Performance and Distribution Rate Information:

1. 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, 2022. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2. 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, 2022.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2021 through August 31, 2022, assuming reinvestment of distributions paid.
4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period November 30, 2021 through August 31, 2022, as a percentage of the Fund’s NAV as of August 31, 2022.

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/20221003005446/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What are the sources of distributions for SCD in October 2022?

The distribution sources for SCD include net investment income, capital gains, and a return of capital, with a total distribution of $0.2600 per share.

How much is the distribution per share for SCD in the September quarterly distribution?

The September quarterly distribution for SCD is $0.2600 per share.

What percentage of the SCD distribution is a return of capital?

67% of the SCD distribution is classified as a return of capital.

What was the cumulative total return of SCD for the fiscal year-to-date as of August 31, 2022?

The cumulative total return for SCD was -4.39% for the fiscal year-to-date as of August 31, 2022.

When is the distribution payment date for SCD?

The distribution payment date for SCD is October 3, 2022.