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LMP Capital and Income Fund, Inc. - SCD STOCK NEWS

Welcome to our dedicated page for LMP Capital and Income Fund news (Ticker: SCD), a resource for investors and traders seeking the latest updates and insights on LMP Capital and Income Fund stock.

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.

News

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

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LMP Capital and Income Fund Inc. (SCD) announces estimated sources of distributions for February 1, 2024, and fiscal year 2024. The estimated allocations for the January monthly distribution and fiscal year-to-date as of December 31, 2023, are detailed, with net investment income, net realized short-term and long-term capital gains, and return of capital percentages provided.
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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) 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 on December 29, 2023, and for the fiscal year 2023 year-to-date are as follows: Distribution Per Share $0.1130, Net Investment Income 11.18%, Net Realized Short-Term Capital Gains 0.00%, Net Realized Long-Term Capital Gains 48.29%, Return of Capital 40.53%. Cumulative Estimated Allocations fiscal year-to-date as of November 30, 2023: Distribution Per Share $1.3460, Net Investment Income 11.18%, Net Realized Short-Term Capital Gains 0.00%, Net Realized Long-Term Capital Gains 48.29%, Return of Capital 40.53%.
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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 released a notification of sources of distributions for the fiscal year 2023, including estimated allocations for the November quarterly distribution and cumulative estimated allocations year-to-date. The distribution per share, net investment income, net realized short-term and long-term capital gains, and return of capital are provided, offering shareholders valuable insights into the fund's financial performance.
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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of December 2023, January and February 2024

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Legg Mason Partners Fund Advisor, LLC: Closed End Funds Declare Distributions for December 2023, January and February 2024. The distributions are part of the managed distribution policy aiming to maintain consistent distribution levels from income and capital gains. The funds' estimated sources of distributions and potential impacts on market price are detailed.
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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 released a notification of sources of distributions for the fiscal year 2023. The estimated allocations for the October quarterly distribution as of September 30, 2023, include a distribution per share of $0.3400, with net investment income accounting for 100% of the distribution. The cumulative estimated allocations for the fiscal year-to-date as of September 30, 2023, show a distribution per share of $1.1200, with net investment income also accounting for 100% of the distribution.
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LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

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LMP Capital and Income Fund Inc. announces estimated sources of distribution for October 2, 2023, and fiscal year 2023 year-to-date.
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LMP Capital and Income Fund Inc. (SCD) Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023

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LMP Capital and Income Fund Inc. (SCD) Declares Monthly Distributions for September, October, and November 2023, with a shift from quarterly to monthly payments. The managed distribution policy aims to maintain consistent distribution levels from investment portfolio income and capital gains.
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LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

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Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy for the Months of June, July and August 2023

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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.

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FAQ

What is the current stock price of LMP Capital and Income Fund (SCD)?

The current stock price of LMP Capital and Income Fund (SCD) is $17.49 as of January 21, 2025.

What is the market cap of LMP Capital and Income Fund (SCD)?

The market cap of LMP Capital and Income Fund (SCD) is approximately 298.2M.

What is the primary objective of LMP Capital and Income Fund, Inc.?

The primary objective is to achieve total return with an emphasis on income.

What types of securities does the fund invest in?

The fund invests in a broad range of equity and fixed-income securities, including common stocks, convertible preferred stocks, underlying funds, and master limited partnerships.

Who manages LMP Capital and Income Fund, Inc.?

The fund is managed by Franklin Templeton, following its merger with Legg Mason.

What makes the fund's investment strategy unique?

The fund's strategy combines income generation with capital appreciation by diversifying across both U.S. and foreign issuers.

How does LMP Capital and Income Fund, Inc. maintain financial stability?

The fund employs a transparent and disciplined investment approach to balance income generation with capital growth.

What recent achievements has the fund accomplished?

Recent achievements include proactive management strategies and a resilient performance amidst market fluctuations.

What are the current projects of the fund?

Current projects focus on expanding global reach and diversifying the investment portfolio to capitalize on emerging market opportunities.

How does the merger with Legg Mason benefit the fund?

The merger enhances the fund's access to a wide range of financial expertise and global market insights from Franklin Templeton.

Where can I find the latest news about LMP Capital and Income Fund, Inc.?

Latest news and updates can be sourced from Franklin Resources, Inc. and Legg Mason Closed End Funds.

What is the investment approach of LMP Capital and Income Fund, Inc.?

The fund adapts to market dynamics with a focused investment strategy that balances risk and return for optimal shareholder value.
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LMP Capital and Income Fund, Inc.

NYSE:SCD

SCD Rankings

#3570 Ranked by Market Cap
#321 Ranked by Dividends

SCD Stock Data

298.20M
17.14M
31.34%
0.05%
Asset Management
Financial Services
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United States of America
New York