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 March 2025 distribution of $0.1130 per share, comprising 46.37% from net investment income and 53.63% from net realized long-term capital gains. The Fund's fiscal year-to-date distribution totals $0.3390 per share, with 38.15% from net investment income and 61.85% from long-term capital gains.
Performance metrics as of February 28, 2025, show a 14.30% five-year average annual total return and an 8.12% annualized distribution rate. However, the Fund reports a -3.07% cumulative total return for the current fiscal period. The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions.
LMP Capital and Income Fund Inc. (SCD) ha annunciato la distribuzione di marzo 2025 di $0.1130 per azione, composta dal 46,37% di reddito da investimenti netti e dal 53,63% di guadagni in conto capitale a lungo termine netti realizzati. La distribuzione totale dell'anno fiscale fino ad oggi del Fondo ammonta a $0.3390 per azione, con il 38,15% proveniente da reddito da investimenti netti e il 61,85% da guadagni in conto capitale a lungo termine.
I parametri di performance al 28 febbraio 2025 mostrano un 14,30% di rendimento totale medio annuale su cinque anni e un 8,12% di tasso di distribuzione annualizzato. Tuttavia, il Fondo riporta un -3,07% di rendimento totale cumulativo per il periodo fiscale attuale. Il Fondo mantiene una politica di distribuzione gestita mirata a offrire un potenziale di rendimento totale a lungo termine attraverso distribuzioni mensili regolari.
LMP Capital and Income Fund Inc. (SCD) ha anunciado su distribución de marzo de 2025 de $0.1130 por acción, compuesta por un 46.37% de ingresos netos por inversiones y un 53.63% de ganancias netas realizadas de capital a largo plazo. La distribución total del fondo desde el inicio del año fiscal asciende a $0.3390 por acción, con un 38.15% proveniente de ingresos netos por inversiones y un 61.85% de ganancias de capital a largo plazo.
Las métricas de rendimiento al 28 de febrero de 2025 muestran un 14.30% de rendimiento total promedio anual a cinco años y un 8.12% de tasa de distribución anualizada. Sin embargo, el fondo informa un -3.07% de rendimiento total acumulado para el período fiscal actual. El fondo mantiene una política de distribución gestionada destinada a ofrecer un potencial de rendimiento total a largo plazo a través de distribuciones mensuales regulares.
LMP Capital and Income Fund Inc. (SCD)는 2025년 3월 배당금을 주당 $0.1130으로 발표했습니다. 이는 순 투자 수익의 46.37%와 순 실현 장기 자본 이득의 53.63%로 구성됩니다. 이 펀드의 회계 연도 현재까지 배당금 총액은 주당 $0.3390이며, 이 중 38.15%는 순 투자 수익에서, 61.85%는 장기 자본 이득에서 발생했습니다.
2025년 2월 28일 기준 성과 지표는 5년 평균 연간 총 수익률 14.30%과 연간 배당률 8.12%를 보여줍니다. 그러나 이 펀드는 현재 회계 기간 동안 -3.07%의 누적 총 수익률을 보고하고 있습니다. 이 펀드는 정기적인 월별 배당금을 통해 장기적인 총 수익 잠재력을 제공하기 위한 관리형 배당 정책을 유지하고 있습니다.
LMP Capital and Income Fund Inc. (SCD) a annoncé sa distribution de mars 2025 de $0.1130 par action, composée de 46,37% de revenus nets d'investissement et de 53,63% de gains en capital à long terme nets réalisés. La distribution totale du fonds depuis le début de l'année fiscale s'élève à $0.3390 par action, dont 38,15% proviennent des revenus nets d'investissement et 61,85% des gains en capital à long terme.
Les indicateurs de performance au 28 février 2025 montrent un rendement total moyen annuel de 14,30% sur cinq ans et un taux de distribution annualisé de 8,12%. Cependant, le fonds rapporte un -3,07% de rendement total cumulé pour la période fiscale actuelle. Le fonds maintient une politique de distribution gérée visant à offrir un potentiel de rendement total à long terme grâce à des distributions mensuelles régulières.
LMP Capital and Income Fund Inc. (SCD) hat die Ausschüttung für März 2025 in Höhe von $0.1130 pro Aktie bekannt gegeben, die sich aus 46,37% aus Nettoanlageerträgen und 53,63% aus realisierten Netto-Gewinnen aus langfristigen Kapitalanlagen zusammensetzt. Die Ausschüttung des Fonds für das laufende Geschäftsjahr beträgt insgesamt $0.3390 pro Aktie, wobei 38,15% aus Nettoanlageerträgen und 61,85% aus langfristigen Kapitalgewinnen stammen.
Die Leistungskennzahlen zum 28. Februar 2025 zeigen eine 14,30% durchschnittliche jährliche Gesamtrendite über fünf Jahre und eine 8,12% annualisierte Ausschüttungsquote. Der Fonds berichtet jedoch über eine -3,07% kumulierte Gesamtrendite für den aktuellen Geschäftsjahrzeitraum. Der Fonds verfolgt eine verwaltete Ausschüttungspolitik, die darauf abzielt, langfristiges Gesamtrenditepotenzial durch regelmäßige monatliche Ausschüttungen zu bieten.
- Strong 14.30% five-year average annual total return
- Attractive 8.12% annualized distribution rate
- No return of capital in distributions, indicating earnings cover payouts
- -3.07% negative cumulative total return for current fiscal period
- Declining portion of net investment income in distributions (from 46.37% monthly to 38.15% YTD)
Insights
The distribution announcement from LMP Capital and Income Fund Inc. provides important insights into the fund's income structure and performance dynamics. The April distribution of
What stands out is the contrast between long-term and short-term performance metrics. While SCD demonstrates a robust 5-year average annual return of
The fund's significant reliance on capital gains for over half its current distribution merits attention given the recent negative returns. This composition suggests potential challenges in maintaining the distribution level if market weakness persists, though the fund's managed distribution policy is specifically designed to provide consistent income through market cycles.
For income-focused investors, the absence of return of capital in the distribution is particularly noteworthy - it confirms that all distributions represent actual investment returns rather than capital being returned to shareholders. This distinction is crucial for evaluating the true yield and long-term sustainability of the fund's payout structure.
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 1, 2025, and for the fiscal year 2025 year-to-date are as follows:
Estimated Allocations for the March Monthly Distribution as of February 28, 2025:
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Cumulative Estimated Allocations fiscal year-to-date as of February 28, 2025, for the fiscal year ending November 30, 2025:
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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 2/28/2025)1 |
Annualized Distribution Rate (as a percentage of NAV as of 2/28/2025)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)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 February 28, 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 February 28, 2025.
- Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2024 through February 28, 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 February 28, 2025, as a percentage of the Fund’s NAV as of February 28, 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/20250401150987/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 monthly distribution amount for LMP Capital and Income Fund (SCD)?
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