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 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 Inc. (NYSE: SCD) ha annunciato i dettagli della sua distribuzione per l'1 agosto 2024 e per l'anno fiscale 2024. Le fonti di distribuzione stimate del Fondo includono:
- Distribuzione Mensile di Luglio: $0.1130 per azione
- Distribuzione dall'inizio dell'anno fiscale: $0.7910 per azione
Le fonti di distribuzione sono suddivise in reddito da investimenti netti, guadagni di capitale a breve e lungo termine, e restituzione di capitale. SCD stima di aver distribuito più del proprio reddito e dei guadagni di capitale realizzati netti, indicando che una parte potrebbe essere una restituzione di capitale. Il rendimento totale medio annuale del Fondo negli ultimi 5 anni è dell'11,19%, con un attuale tasso di distribuzione annualizzato dell'8,17%.
LMP Capital and Income Fund Inc. (NYSE: SCD) ha anunciado los detalles de su distribución para el 1 de agosto de 2024 y para el año fiscal 2024. Las fuentes estimadas de distribución del Fondo incluyen:
- Distribución Mensual de Julio: $0.1130 por acción
- Distribución del Año Fiscal Hasta la Fecha: $0.7910 por acción
Las fuentes de distribución se desglosan en ingresos netos por inversiones, ganancias de capital a corto y largo plazo, y retorno de capital. SCD estima que ha distribuido más de sus ingresos y ganancias de capital netas realizadas, lo que indica que una parte puede ser un retorno de capital. El rendimiento total medio anual del Fondo en los últimos 5 años es del 11.19%, con una tasa de distribución anualizada actual del 8.17%.
LMP Capital and Income Fund Inc. (NYSE: SCD)는 2024년 8월 1일 및 2024 회계연도에 대한 배포 세부 정보를 발표했습니다. 펀드의 추정 배포 출처는 다음과 같습니다:
- 7월 월별 배포: 주당 $0.1130
- 회계연도 누적 배포: 주당 $0.7910
배포 출처는 순투자소득, 단기 및 장기 자본이득, 자본 반환으로 나뉩니다. SCD는 자기 수익 및 실현된 순 자본이득보다 더 많은 금액을 배포한 것으로 추정하고 있으며, 이는 일부가 자본 반환일 수 있음을 나타냅니다. 펀드의 5년 평균 연간 총 수익률은 11.19%이며, 현재 연환산 배포율은 8.17%입니다.
LMP Capital and Income Fund Inc. (NYSE: SCD) a annoncé les détails de sa distribution pour le 1er août 2024 et pour l'exercice fiscal 2024. Les sources estimées de distribution du Fonds comprennent :
- Distribution Mensuelle de Juillet : 0,1130 $ par action
- Distribution de l'Année Fiscale à ce Jour : 0,7910 $ par action
Les sources de distribution se décomposent en revenus nets d'investissement, gains en capital à court et long terme, et retour de capital. SCD estime avoir distribué plus que ses revenus et gains en capital nets réalisés, ce qui indique qu'une partie pourrait être un retour de capital. Le rendement total annuel moyen du Fonds sur les 5 dernières années est de 11,19 %, avec un taux de distribution annualisé actuel de 8,17 %.
LMP Capital and Income Fund Inc. (NYSE: SCD) hat die Einzelheiten seiner Ausschüttung zum 1. August 2024 und für das Geschäftsjahr 2024 bekannt gegeben. Die geschätzten Quellen der Ausschüttung des Fonds umfassen:
- Monatliche Ausschüttung für Juli: 0,1130 $ pro Aktie
- Geschäftsjahres-zu-Datum-Ausschüttung: 0,7910 $ pro Aktie
Die Ausschüttungsquellen setzen sich aus Nettoanlageerträgen, kurz- und langfristigen Kapitalgewinnen und Kapitalrückzahlungen zusammen. SCD schätzt, dass mehr verteilt wurde, als Einkünfte und realisierte Nettokapitalgewinne erzielt wurden, was darauf hindeutet, dass ein Teil möglicherweise eine Kapitalrückzahlung darstellt. Die durchschnittliche jährliche Gesamtrendite des Fonds über die letzten 5 Jahre beträgt 11,19%, mit einem aktuellen annualisierten Ausschüttungssatz von 8,17%.
- 5-year average annual total return of 11.19%
- Annualized distribution rate of 8.17%
- Cumulative total return of 17.07% for the fiscal period through June 30, 2024
- Estimated return of capital in distributions, potentially reducing shareholders' tax basis
- Distribution may exceed Fund's income and net realized capital gains
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 August 1, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for the July Monthly Distribution as of June 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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Cumulative Estimated Allocations fiscal year-to-date as of June 30, 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 6/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV as of 6/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2024)4 |
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Fund Performance and Distribution Rate Information: |
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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 June 30, 2024. 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 June 30, 2024. |
3 |
Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2023 through June 30, 2024, 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, 2023 through June 30, 2024, as a percentage of the Fund’s NAV as of June 30, 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/20240801802124/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the distribution amount for SCD on August 1, 2024?
What is SCD's 5-year average annual total return as of June 30, 2024?
What is the current annualized distribution rate for SCD?
How much of SCD's July 2024 distribution is estimated to be return of capital?
