Welcome to our dedicated page for LMP Capital & Income news (Ticker: SCD), a resource for investors and traders seeking the latest updates and insights on LMP Capital & Income stock.
LMP Capital and Income Fund Inc. (NYSE: SCD) is a non-diversified, closed-end management investment company focused on total return with an emphasis on income. This news page collects public announcements and updates related to the Fund, giving investors a single place to review its communications.
A major theme in SCD news is its managed distribution policy. The Fund regularly issues notices under Section 19(a) of the Investment Company Act of 1940 that estimate the sources of monthly distributions. These items detail how much of each distribution is attributed to net investment income, net realized capital gains and, when applicable, return of capital. They also provide cumulative fiscal year-to-date allocation data and explain how these figures relate to the Fund’s net asset value.
Another recurring category of news involves rights offerings and capital-raising activity. The Fund has announced transferable rights offerings in which existing stockholders receive rights to subscribe for additional shares of common stock. Related press releases describe subscription terms, record dates, expiration dates, subscription pricing formulas and final results, including the number of shares issued and gross proceeds.
Many of these announcements also include performance and distribution metrics, such as average annual total return in relation to net asset value over a multi-year period, annualized distribution rates, cumulative total returns and fiscal year-to-date distribution rates. These metrics are presented with explanations of how they are calculated and how they relate to reinvested distributions.
Investors who follow SCD news can use this information to monitor the Fund’s distribution practices, rights offerings, and reported performance measures over time. This page is a convenient starting point for reviewing the Fund’s public communications and understanding how its policies and capital actions are described to shareholders.
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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
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