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) has announced its estimated sources of distributions for the fiscal year 2023. The March quarterly distribution, scheduled for April 3, 2023, will be $0.2600 per share. The allocation breakdown includes $0.0223 from net investment income and $0.2377 as a return of capital. As of February 28, 2023, the cumulative estimated allocations show similar distributions, emphasizing a significant portion as a return of capital. Shareholders are cautioned that these distributions may not reflect the Fund's performance, and the actual amounts for tax reporting will depend on future investment outcomes.

Positive

• Quarterly distribution set at $0.2600 per share.
• Substantial portion of distribution ($0.2377) is a return of capital.

Negative

• Distributions exceed income and realized gains, indicating reliance on capital return.
• Cumulative total return is negative at -1.15% for the fiscal period through February 28, 2023.

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 April 3, 2023 and for the fiscal year 2023 year-to-date are as follows:

Estimated Allocations for the March Quarterly Distribution as of February 28, 2023:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.2600		$0.0223		$0.0000		$0.0000		$0.2377
100.00%		8.56%		0.00%		0.00%		91.44%

Cumulative Estimated Allocations fiscal year-to-date as of February 28, 2023, for the fiscal year ending November 30, 2023:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.2600		$0.0223		$0.0000		$0.0000		$0.2377
100.00%		8.56%		0.00%		0.00%		91.44%

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 2/28/2023)1		Annualized Distribution Rate (as a percentage of NAV as of 2/28/2023)2		Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2023)3		Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2023)4
8.37%		7.27%		-1.15%		1.82%

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 February 28, 2023. 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 February 28, 2023.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2022 through February 28, 2023, 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, 2022 through February 28, 2023, as a percentage of the Fund’s NAV as of February 28, 2023.

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/20230403005462/en/

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

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

FAQ

What is the distribution amount for LMP Capital and Income Fund Inc. (SCD) in April 2023?

The distribution amount for LMP Capital and Income Fund Inc. (SCD) in April 2023 is $0.2600 per share.

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

The return of capital in the distribution from SCD is approximately $0.2377 per share, constituting 91.44% of the total distribution.

What is the cumulative total return for SCD through February 28, 2023?

The cumulative total return for SCD through February 28, 2023, is -1.15%.

When will the next distribution be paid for SCD?

The next distribution for SCD will be paid on April 3, 2023.