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.
Legg Mason Partners Fund Advisor, LLC announced distribution declarations for three closed-end funds under its managed distribution policy for March, April, and May 2023. Key details include:
- SCD: $0.26000 in March, no change from previous distribution.
- BWG: $0.08000 in March, down by $0.01000; stable at $0.08000 for April and May.
- EMD: $0.07000 for March, April, and May, each down by $0.01000 compared to the previous amounts.
Distributions may derive from income or capital gains, with implications for shareholder capital. Shareholders will receive a Form 1099-DIV in early 2024 for tax reporting.
LMP Capital and Income Fund Inc. (SCD) has announced the estimated sources of its quarterly distribution of $0.2600 per share, payable on December 30, 2022. The distribution consists of net investment income ($0.0827), return of capital ($0.1773), and no capital gains. For the fiscal year-to-date, the total distribution per share is $1.0400, with a return of capital making up 68.21% of this amount. Shareholders are advised that the distribution amount does not reflect investment performance and could impact their tax reporting. Estimated returns include an average total return of 8.02% over five years.
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.
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