LMP Capital & Income Stock Price, News & Analysis

LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its July 2025 distribution details and fiscal year-to-date allocations. The Fund declared a monthly distribution of $0.12 per share, with 99.98% coming from net realized long-term capital gains. For the fiscal year-to-date through June 30, 2025, distributions totaled $0.8190 per share, comprising 13.82% from net investment income and 86.18% from net realized long-term capital gains.

The Fund's performance metrics show a 5-year average annual total return of 17.01% and an annualized distribution rate of 8.58%. However, the Fund reported a negative cumulative total return of -5.46% 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. (NYSE: SCD) has successfully completed its transferable rights offering with significant investor demand, resulting in an over-subscription. The offering will generate approximately $87 million in gross proceeds through the issuance of 5,714,415 shares of common stock at a final subscription price of $15.20 per share, representing 90% of the Fund's NAV at the close of trading on July 11, 2025.

Record Date Stockholders who fully exercised their rights were eligible for additional shares through the over-subscription privilege, with allocations to be distributed pro-rata. The new shares are expected to be issued around July 18, 2025, and any excess payments will be returned to investors.

LMP Capital and Income Fund Inc. (NYSE: SCD) has successfully completed its transferable rights offering, which expired on July 11, 2025. The oversubscribed offering is expected to generate approximately $87 million in gross proceeds through the issuance of 5,714,415 shares of common stock.

The subscription price was set at $15.20 per share, representing 90% of the Fund's net asset value at the close of trading on the expiration date. Record Date Stockholders (as of June 12, 2025) received one transferable right for each share held, with three rights required to purchase one new share. The new shares are expected to be issued around July 18, 2025.

LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its monthly distribution details for July 1, 2025. The Fund declared a distribution of $0.1200 per share, primarily composed of 97.11% net realized long-term capital gains and 2.89% net investment income.

The Fund's performance metrics show an average annual total return of 15.60% over the five-year period ended May 31, 2025, with an annualized distribution rate of 8.93%. However, the Fund reported a cumulative total return of -9.90% for the fiscal period through May 31, 2025.

The Fund operates under a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions. While distributions may be sourced from various components including net investment income and realized capital gains, shareholders are advised that returns of capital may occur if distributions exceed the Fund's income and realized gains.

LMP Capital and Income Fund (NYSE: SCD) has announced a 1-for-3 transferable rights offering, allowing stockholders to purchase additional shares at a discounted price. Each stockholder will receive one transferable right for each share held on June 12, 2025. Three rights plus the subscription price will be required to purchase one new share. The subscription price will be set at 92.5% of the average closing price over five trading days, with a minimum of 90% of NAV. Rights are expected to trade on NYSE starting June 11, 2025, with the offer expiring on July 11, 2025. The offering aims to increase fund assets, potentially improve expense ratios, and enhance stock liquidity. Stockholders who fully exercise their rights will be eligible for an over-subscription privilege for additional shares.

LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its May 2025 distribution of $0.1200 per share, payable on June 2, 2025. The distribution consists of 5.22% ($0.0063) from net investment income and 94.78% ($0.1137) from net realized long-term capital gains. For the fiscal year-to-date, the Fund has distributed $0.5790 per share. The Fund's five-year average annual total return through April 30, 2025, is 16.65%, with an annualized distribution rate of 9.07%. However, the Fund's cumulative total return for the current fiscal period shows a decline of -11.90%. The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions.

Franklin Templeton Fund Adviser announced distributions for several closed-end funds for June, July, and August 2025. For BrandywineGLOBAL - Global Income Opportunities Fund (BWG), the monthly distribution is set at $0.08000 per share for all three months. The distributions will be paid on July 1, August 1, and September 2, 2025, respectively. According to tax accounting records, BWG's fiscal year-to-date distributions comprise 76.83% from income and 23.17% from return of capital. The fund maintains a managed distribution policy aimed at providing consistent distribution levels from income and capital gains. The Board retains the right to modify, suspend, or terminate this policy.

LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its distribution details for May 1, 2025. The Fund will distribute $0.1200 per share, comprising 55.99% from net investment income and 44.01% from net realized long-term capital gains. For the fiscal year-to-date, total distributions are $0.4590 per share. The Fund's performance metrics show a 22.29% average annual total return over the 5-year period, with an 8.56% annualized distribution rate. However, the Fund has experienced a -7.34% cumulative total return for the fiscal period through March 31, 2025. 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. (NYSE: SCD) held its annual meeting of stockholders on April 14, 2025, announcing key governance updates. Nisha Kumar and Jane E. Trust were elected as Class II Directors, with terms extending until the 2028 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending November 30, 2025.

The Fund operates as a non-diversified closed-end management investment company, managed by Franklin Templeton Fund Adviser, and subadvised by ClearBridge Investments, , Western Asset Management Company, , and its foreign-based affiliates. These entities are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating as Franklin Templeton.