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 December 2, 2024. The Fund's monthly distribution of $0.1130 per share consists of 3.21% from net investment income, 9.69% from short-term capital gains, and 87.10% from long-term capital gains. For the fiscal year 2024 to date, the cumulative distribution of $1.2430 per share follows a similar pattern. The Fund's performance shows an average annual total return of 11.53% over the five-year period and a cumulative total return of 25.87% for the current fiscal period through October 31, 2024.
LMP Capital and Income Fund Inc. (NYSE: SCD) ha annunciato i dettagli della distribuzione per il 2 dicembre 2024. La distribuzione mensile del Fondo di $0,1130 per azione è composta dal 3,21% di reddito da investimenti netti, dal 9,69% di guadagni in conto capitale a breve termine e dall'87,10% di guadagni in conto capitale a lungo termine. Fino ad oggi, per l'anno fiscale 2024, la distribuzione cumulativa di $1,2430 per azione segue un modello simile. Le performance del Fondo mostrano un ritorno totale annuo medio dell'11,53% nel periodo di cinque anni e un ritorno totale cumulativo del 25,87% per il periodo fiscale attuale fino al 31 ottobre 2024.
LMP Capital and Income Fund Inc. (NYSE: SCD) ha anunciado los detalles de su distribución para el 2 de diciembre de 2024. La distribución mensual del Fondo de $0,1130 por acción consiste en un 3,21% de ingresos netos por inversiones, un 9,69% de ganancias de capital a corto plazo y un 87,10% de ganancias de capital a largo plazo. Hasta la fecha, la distribución acumulativa para el año fiscal 2024 es de $1,2430 por acción y sigue un patrón similar. El rendimiento del Fondo muestra un rendimiento total anual promedio del 11,53% durante el período de cinco años y un rendimiento total acumulado del 25,87% para el período fiscal actual hasta el 31 de octubre de 2024.
LMP Capital and Income Fund Inc. (NYSE: SCD)는 2024년 12월 2일 배당금 세부 사항을 발표했습니다. 이 펀드의 월간 배당금은 주당 $0.1130이며, 이는 순투자소득의 3.21%, 단기자본이득의 9.69%, 장기자본이득의 87.10%로 구성됩니다. 2024년 회계연도까지 누적 배당금은 주당 $1.2430으로 유사한 패턴을 따릅니다. 이 펀드는 5년 동안 연평균 총 수익률 11.53%와 2024년 10월 31일 현재까지의 회계 기간 동안 누적 총 수익률 25.87%를 보여줍니다.
LMP Capital and Income Fund Inc. (NYSE: SCD) a annoncé les détails de sa distribution pour le 2 décembre 2024. La distribution mensuelle du Fonds de 0,1130 USD par action se compose de 3,21 % de revenus nets d'investissement, de 9,69 % de gains en capital à court terme et de 87,10 % de gains en capital à long terme. Pour l'année fiscale 2024 jusqu'à présent, la distribution cumulée de 1,2430 USD par action suit un modèle similaire. La performance du Fonds montre un rendement total annuel moyen de 11,53 % sur la période de cinq ans et un rendement total cumulé de 25,87 % pour la période fiscale actuelle jusqu'au 31 octobre 2024.
LMP Capital and Income Fund Inc. (NYSE: SCD) hat die Einzelheiten zur Verteilung für den 2. Dezember 2024 bekannt gegeben. Die monatliche Verteilung des Fonds beträgt 0,1130 USD pro Aktie und besteht zu 3,21% aus Nettoanlageerträgen, zu 9,69% aus kurzfristigen Kapitalgewinnen und zu 87,10% aus langfristigen Kapitalgewinnen. Für das bis heute laufende Geschäftsjahr 2024 beträgt die kumulierte Verteilung 1,2430 USD pro Aktie und folgt einem ähnlichen Muster. Die Performance des Fonds zeigt eine durchschnittliche jährliche Gesamtrate von 11,53% über einen Zeitraum von fünf Jahren und eine kumulierte Gesamtrate von 25,87% für den aktuellen Geschäftsjahr bis zum 31. Oktober 2024.
- Strong five-year average annual total return of 11.53%
- Impressive cumulative total return of 25.87% for the fiscal period
- Consistent monthly distribution maintained at $0.1130 per share
- No return of capital in distributions, indicating earnings cover payouts
- Low portion of distribution (3.21%) coming from net investment income
- Heavy reliance (87.10%) on long-term capital gains for distributions
Insights
The Fund's latest distribution report reveals strong performance metrics with an
The Fund's managed distribution policy maintains a substantial
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 December 2, 2024, and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for the November Monthly Distribution as of October 31, 2024:
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Cumulative Estimated Allocations fiscal year-to-date as of October 31, 2024, for the fiscal year ending November 30, 2024:
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Return of
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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.
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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 October 31, 2024. 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 October 31, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2023 through October 31, 2024, 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, 2023 through October 31, 2024, as a percentage of the Fund’s NAV as of October 31, 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/20241202364910/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
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How much of SCD's current distribution comes from long-term capital gains?
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