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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.
LMP Capital and Income Fund Inc. (SCD) has announced its March 2025 distribution of $0.1130 per share, comprising 46.37% from net investment income and 53.63% from net realized long-term capital gains. The Fund's fiscal year-to-date distribution totals $0.3390 per share, with 38.15% from net investment income and 61.85% from long-term capital gains.
Performance metrics as of February 28, 2025, show a 14.30% five-year average annual total return and an 8.12% annualized distribution rate. However, the Fund reports a -3.07% cumulative total return 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. (SCD) has announced its February distribution details and fiscal year 2025 estimates. The Fund operates under a managed distribution policy that aims to deliver long-term total return potential through fixed monthly distributions per common share.
The Fund indicates it has likely distributed more than its income and net realized capital gains, suggesting that a portion of the distribution may represent a return of capital to shareholders. A return of capital reduces a shareholder's tax basis in their Fund shares and should not be confused with 'yield' or 'income'.
The distribution amounts and sources provided are estimates, with final tax reporting details to be provided via Form 1099-DIV. The Fund's Board of Directors retains the right to terminate or suspend the managed distribution policy, which could impact the Fund's share market price.
Franklin Templeton Fund Adviser has announced distribution schedules for certain closed-end funds for March, April, and May 2025. BrandywineGLOBAL - Global Income Opportunities Fund (BWG) will maintain its distribution at $0.08000 per share for all three months. The LMP Capital and Income Fund will distribute $0.12000 (increased by $0.00700), and Western Asset Emerging Markets Debt Fund will distribute $0.09000 (increased by $0.00250).
Distribution dates are set for April 1, May 1, and June 2, 2025, with corresponding record dates on March 24, April 23, and May 22. BWG's fiscal year-to-date distributions comprise 83.06% from income and 16.94% from return of capital. The managed distribution policy aims to maintain consistent distribution levels from income and capital gains, though distributions may include return of capital when necessary.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its January 2025 distribution details. The Fund will distribute $0.1130 per share on February 3, 2025, comprising 27.65% from net investment income ($0.0312) and 72.35% from net realized long-term capital gains ($0.0818).
The Fund's performance metrics as of December 31, 2024, show an average annual total return of 10.82% over the past 5 years, an annualized distribution rate of 7.69%, and a cumulative total return of -4.76% for the fiscal period. The cumulative fiscal year-to-date distribution rate stands at 0.64%.
The Fund maintains a managed distribution policy aimed at delivering long-term total return potential through regular monthly distributions. Shareholders are advised that if the Fund's aggregate net investment income and realized capital gains are less than the distribution amount, the difference will be distributed as a return of capital.
LMP Capital and Income Fund Inc. (NYSE: SCD) has announced its December 2024 distribution details and fiscal year-to-date allocations. The Fund's December monthly distribution of $0.1130 per share comprises 8.21% from net investment income, 9.12% from short-term capital gains, and 82.67% from long-term capital gains.
For the fiscal year 2024, the cumulative distribution of $1.3560 per share includes 4.16% from net investment income, 10.18% from short-term capital gains, and 85.65% from long-term capital gains. The Fund's performance metrics show a 12.97% average annual total return over five years and a 35.75% cumulative total return for the fiscal period through November 30, 2024.
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