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LMP Capital and Income Fund, Inc. (symbol: SCD) is a United States-based non-diversified, closed-end management investment company. Its primary investment objective is to achieve total return with a strong emphasis on income. The fund strategically allocates its assets across a diverse range of equity and fixed-income securities, encompassing both U.S. and foreign issuers.
The fund's portfolio is robust with long-term investments, including common stocks, convertible preferred stocks, investments in underlying funds, and master limited partnerships. These investments provide a steady income stream while aiming for capital appreciation.
The fund is managed by Franklin Templeton, following the merger with Legg Mason. This collaboration enhances the fund's access to a broad spectrum of financial expertise and global market insights. As a result, LMP Capital and Income Fund, Inc. continually adapts to market dynamics to optimize returns for its shareholders.
Recent achievements highlight the fund's resilience and proactive management strategies in navigating market fluctuations. Current projects focus on expanding the fund's global reach and diversifying its investment portfolio to mitigate risks and capitalize on emerging market opportunities.
Financially, LMP Capital and Income Fund, Inc. maintains a solid position with a balance between income generation and capital growth. The fund's transparent and disciplined investment approach appeals to investors seeking stable and sustainable returns.
Latest News: Stay updated with the most recent developments and performance metrics of LMP Capital and Income Fund, Inc. through the latest news sourced from Franklin Resources, Inc. and Legg Mason Closed End Funds.
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
Legg Mason Partners Fund Advisor, LLC announced distribution declarations for three closed-end funds under its managed distribution policy for March, April, and May 2023. Key details include:
- SCD: $0.26000 in March, no change from previous distribution.
- BWG: $0.08000 in March, down by $0.01000; stable at $0.08000 for April and May.
- EMD: $0.07000 for March, April, and May, each down by $0.01000 compared to the previous amounts.
Distributions may derive from income or capital gains, with implications for shareholder capital. Shareholders will receive a Form 1099-DIV in early 2024 for tax reporting.
LMP Capital and Income Fund Inc. (SCD) has announced the estimated sources of its quarterly distribution of $0.2600 per share, payable on December 30, 2022. The distribution consists of net investment income ($0.0827), return of capital ($0.1773), and no capital gains. For the fiscal year-to-date, the total distribution per share is $1.0400, with a return of capital making up 68.21% of this amount. Shareholders are advised that the distribution amount does not reflect investment performance and could impact their tax reporting. Estimated returns include an average total return of 8.02% over five years.
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