LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions
LMP Capital and Income Fund Inc. (SCD) has announced its February distribution details and fiscal year 2025 estimates. The Fund operates under a managed distribution policy that aims to deliver long-term total return potential through fixed monthly distributions per common share.
The Fund indicates it has likely distributed more than its income and net realized capital gains, suggesting that a portion of the distribution may represent a return of capital to shareholders. A return of capital reduces a shareholder's tax basis in their Fund shares and should not be confused with 'yield' or 'income'.
The distribution amounts and sources provided are estimates, with final tax reporting details to be provided via Form 1099-DIV. The Fund's Board of Directors retains the right to terminate or suspend the managed distribution policy, which could impact the Fund's share market price.
LMP Capital and Income Fund Inc. (SCD) ha annunciato i dettagli della distribuzione di febbraio e le stime per l'anno fiscale 2025. Il Fondo opera secondo una politica di distribuzione gestita che mira a fornire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili fisse per ogni azione ordinaria.
Il Fondo indica di aver probabilmente distribuito più del proprio reddito e dei guadagni in conto capitale netti realizzati, suggerendo che una parte della distribuzione potrebbe rappresentare un ritorno di capitale per gli azionisti. Un ritorno di capitale riduce la base imponibile di un azionista nelle proprie azioni del Fondo e non dovrebbe essere confuso con 'rendimento' o 'reddito'.
Gli importi e le fonti di distribuzione forniti sono stime, con i dettagli finali della reportistica fiscale che saranno forniti tramite il Modulo 1099-DIV. Il Consiglio di Amministrazione del Fondo si riserva il diritto di terminare o sospendere la politica di distribuzione gestita, il che potrebbe influenzare il prezzo di mercato delle azioni del Fondo.
LMP Capital and Income Fund Inc. (SCD) ha anunciado los detalles de la distribución de febrero y las estimaciones para el año fiscal 2025. El Fondo opera bajo una política de distribución gestionada que tiene como objetivo ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales fijas por acción ordinaria.
El Fondo indica que probablemente ha distribuido más de sus ingresos y ganancias de capital netas realizadas, lo que sugiere que una parte de la distribución podría representar un retorno de capital para los accionistas. Un retorno de capital reduce la base imponible de un accionista en sus acciones del Fondo y no debe confundirse con 'rendimiento' o 'ingreso'.
Los montos y las fuentes de distribución proporcionados son estimaciones, con detalles finales de informes fiscales que se proporcionarán a través del Formulario 1099-DIV. La Junta Directiva del Fondo se reserva el derecho de terminar o suspender la política de distribución gestionada, lo que podría afectar el precio de mercado de las acciones del Fondo.
LMP Capital and Income Fund Inc. (SCD)는 2월 배당금 세부정보와 2025 회계연도 예상치를 발표했습니다. 이 펀드는 고정 월 배당금을 통해 장기적인 총 수익 잠재력을 제공하는 것을 목표로 하는 관리 배당 정책에 따라 운영됩니다.
펀드는 자산과 실현된 순자본 이익보다 더 많은 배당금을 지급했을 가능성이 있다고 언급하며, 이는 배당금의 일부가 주주에게 자본 반환을 나타낼 수 있음을 시사합니다. 자본 반환은 주주의 펀드 주식에 대한 세금 기준을 줄이며, '수익'이나 '소득'과 혼동해서는 안 됩니다.
제공된 배당금 금액 및 출처는 추정치이며, 최종 세금 보고 세부정보는 양식 1099-DIV를 통해 제공될 것입니다. 펀드 이사회는 관리 배당 정책을 종료하거나 일시 중지할 권리를 보유하고 있으며, 이는 펀드의 주식 시장 가격에 영향을 미칠 수 있습니다.
LMP Capital and Income Fund Inc. (SCD) a annoncé les détails de sa distribution de février et les estimations pour l'exercice fiscal 2025. Le Fonds fonctionne selon une politique de distribution gérée visant à offrir un potentiel de rendement total à long terme par le biais de distributions mensuelles fixes par action ordinaire.
Le Fonds indique qu'il a probablement distribué plus de ses revenus et des gains en capital nets réalisés, ce qui suggère qu'une partie de la distribution pourrait représenter un retour de capital pour les actionnaires. Un retour de capital réduit la base imposable d'un actionnaire sur ses actions du Fonds et ne doit pas être confondu avec 'rendement' ou 'revenu'.
Les montants et sources de distribution fournis sont des estimations, avec les détails finaux de déclaration fiscale qui seront fournis via le formulaire 1099-DIV. Le Conseil d'administration du Fonds se réserve le droit de mettre fin ou de suspendre la politique de distribution gérée, ce qui pourrait avoir un impact sur le prix du marché des actions du Fonds.
LMP Capital and Income Fund Inc. (SCD) hat die Einzelheiten zur Februarverteilung und die Schätzungen für das Geschäftsjahr 2025 bekannt gegeben. Der Fonds operiert unter einer verwalteten Verteilungspolitik, die darauf abzielt, langfristiges Gesamtertragspotenzial durch feste monatliche Ausschüttungen pro Stammaktie zu liefern.
Der Fonds weist darauf hin, dass er wahrscheinlich mehr ausgeschüttet hat als sein Einkommen und die realisierten Netto-Kapitalgewinne, was darauf hindeutet, dass ein Teil der Ausschüttung eine Rückzahlung des Kapitals an die Aktionäre darstellen könnte. Eine Rückzahlung des Kapitals verringert die Steuerbasis eines Aktionärs für seine Fondsanteile und sollte nicht mit 'Rendite' oder 'Einkommen' verwechselt werden.
Die angegebenen Ausschüttungsbeträge und -quellen sind Schätzungen, wobei die endgültigen steuerlichen Berichtsdetails über das Formular 1099-DIV bereitgestellt werden. Der Vorstand des Fonds behält sich das Recht vor, die verwaltete Verteilungspolitik zu beenden oder auszusetzen, was den Marktpreis der Fondsanteile beeinflussen könnte.
- None.
- Fund is distributing more than its income and realized capital gains
- Portion of distribution represents return of capital rather than earnings
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 March 3, 2025, and for the fiscal year 2025 year-to-date are as follows:
Estimated Allocations for the February Monthly Distribution as of January 31, 2025:
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 January 31, 2025, for the fiscal year ending November 30, 2025:
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 1/31/2025)1 |
Annualized Distribution Rate (as a percentage of NAV as of 1/31/2025)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 1/31/2025)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 1/31/2025)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 January 31, 2025. 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 January 31, 2025.
- Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2024 through January 31, 2025, 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, 2024 through January 31, 2025, as a percentage of the Fund’s NAV as of January 31, 2025.
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/20250303026152/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the current distribution policy of LMP Capital and Income Fund (SCD)?
How does the return of capital in SCD's distribution affect shareholders?
When will SCD shareholders receive their tax reporting information for these distributions?
What risks are associated with SCD's managed distribution policy?
