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. reports recurring developments as a diversified closed-end management investment company listed on the NYSE under SCD. The Fund is managed by Franklin Templeton Fund Adviser, LLC and subadvised by ClearBridge Investments, LLC, and its updates center on an income-oriented managed distribution policy tied to net investment income, realized capital gains and potential return of capital.
Company news also covers monthly notices of distribution sources, NAV-based performance and distribution-rate information, annual stockholder meeting results, director elections, auditor ratification and capital actions such as transferable rights offerings involving common shares.
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 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.