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.
Legg Mason Partners Fund Advisor declared distributions for various closed-end funds under its managed distribution policy for December 2022, January, and February 2023. Key dates include record dates, ex-dividend dates, and payable dates for each month. Funds involved: LMP Capital and Income Fund (SCD), BrandywineGLOBAL - Global Income Opportunities (BWG), and Western Asset Emerging Markets Debt Fund (EMD). Each Fund aims to maintain consistent distribution levels based on generated income and capital gains, with potential implications for shareholder capital.
LMP Capital and Income Fund Inc. (NYSE: SCD) announced its estimated sources for distributions to be paid on
Legg Mason Partners Fund Advisor announced distribution declarations for its closed-end funds under a managed distribution policy for September, October, and November 2022. Key dates include record dates of September 23, October 24, and November 22, with payable dates spanning from October 3 to December 1, 2022. Specific distributions noted are for funds SCD at $0.26000, BWG at $0.09000, and EMD at $0.08000. Investors should be aware that distributions may involve a return of capital if net investment income is insufficient.
LMP Capital and Income Fund Inc. (NYSE: SCD) announced that Patrick McElroy, CFA, will join its portfolio management team on August 1, 2022. McElroy, a director and portfolio manager at ClearBridge Investments, brings 29 years of experience in the investment industry. His appointment follows the anticipated retirement of Mark McAllister, who will step down around December 31, 2022. The Fund, managed by Legg Mason Partners Fund Advisor, LLC, is a non-diversified, closed-end investment company with subadvisers ClearBridge, Western Asset Management Company, and others.
Legg Mason Partners Fund Advisor announces distributions for closed-end funds SCD, BWG, and EMD for June, July, and August 2022. The monthly distribution amounts are set at $0.26000 for SCD and $0.09000 for BWG in June, July, and August, while EMD announces $0.08000 for each month. The funds' managed distribution policy aims to maintain consistent distribution levels; however, payouts may include return of capital if income falls short. The Board reserves the right to modify the policy, which could impact share prices.
Legg Mason Partners Fund Advisor, LLC has announced distributions for certain closed-end funds under its managed distribution policy for March, April, and May 2022. The funds include LMP Capital and Income Fund Inc. (SCD), BrandywineGLOBAL - Global Income Opportunities (BWG), and Western Asset Emerging Markets Debt Fund Inc. (EMD). Record dates range from March 24 to May 23, with payments starting April 1 and ending June 1. The distributions are derived from each fund’s investment income and capital gains, with details on potential returns of capital made available to shareholders.
Legg Mason Partners Fund Advisor, LLC announced that certain closed-end funds have declared distributions under their managed distribution policy. Key dates include record dates on December 23, 2021, January 24, 2022, and February 18, 2022, with payable dates on December 31, 2021, February 1, 2022, and March 1, 2022. The funds SCD, BWG, and EMD will distribute $0.26000, $0.09000, and $0.09000 respectively. It is noted that if net investment income is insufficient, distributions may come from net assets, possibly affecting capital returns.
LMP Capital and Income Fund (NYSE: SCD) announced the repurchase of 206,662 common shares during the quarter ending June 30, 2021. This brings the total repurchased shares to 227,882 since the stock buyback program began. The Fund is a closed-end management investment company, advised by Legg Mason Partners Fund Advisor. Franklin Resources oversees its operations. The repurchase initiative aims to enhance shareholder value and may positively impact the stock price, reflecting confidence in the Fund's performance.
Legg Mason Partners Fund Advisor announced that several closed-end funds will distribute payments per their managed distribution policy. The funds' distribution schedule includes record, ex-dividend, and payable dates for September, October, and November 2021. Funds SCD, BWG, and EMD will provide distributions of $0.26000, $0.08000, and $0.09000 respectively. Shareholders should note that if net income and capital gains are less than the distributions, the difference will be drawn from net assets, potentially affecting capital. The company's board may modify this policy at any time.
Legg Mason Partners Fund Advisor, LLC has announced that certain closed-end funds will declare distributions under their managed distribution policy. Notable distribution dates include record, ex-dividend, and payable dates for June, July, and August 2021. For example, SCD will distribute $0.26000 in June, while both BWG and EMD will distribute $0.08000 and $0.09000, respectively, for the same month. The funds' distributions are derived from income and capital gains from their portfolios. Shareholders are cautioned that if net investment income falls short of distributions, capital may be returned.
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