{"id":1011696,"date":"2026-10-20T09:28:21","date_gmt":"2026-10-20T13:28:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-board-approval-and-intention-to-issue-mandatory-redeemable-preferred-stock\/"},"modified":"2026-10-20T09:28:21","modified_gmt":"2026-10-20T13:28:21","slug":"lmp-capital-and-income-fund-inc-announces-board-approval-and-intention-to-issue-mandatory-redeemable-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-board-approval-and-intention-to-issue-mandatory-redeemable-preferred-stock\/","title":{"rendered":"LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside }\n.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock<\/b><\/p>\n<p class=\"bwalignl\">NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;LMP Capital and Income Fund Inc. (the \u201cFund\u201d) (NYSE: SCD) announced today that its Board of Directors has approved the issuance of up to $45,000,000 of fixed-rate Mandatory Redeemable Preferred Stock (\u201cMRPS\u201d) by private placement. The MRPS issuance is expected to be priced in the fourth quarter of 2026. Net proceeds from the offering will be used to repay a portion of the Fund\u2019s existing leverage and make new portfolio investments.<\/p>\n<p>The Fund is a non-diversified closed-end investment management company advised by Franklin Templeton Fund Adviser, LLC (\u201cFTFA\u201d) and sub-advised by ClearBridge Investments, LLC (\u201cClearBridge\u201d), Western Asset Management Company, LLC (\u201cWestern Asset\u201d) and Western Asset Management Company Limited (\u201cWestern Limited\u201d). ClearBridge oversees the Fund\u2019s allocation between equity and fixed income securities and is responsible for the Fund\u2019s equity investments. FTFA, ClearBridge, Western Asset and Western Limited are indirect wholly-owned subsidiaries of Franklin Templeton, Inc.<\/p>\n<p>For more information about the Fund, please call Fund Investor Services: 1-888-777-0102, or consult the Fund\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;esheet=54624906&amp;newsitemid=20261020004489&amp;lan=en-US&amp;anchor=www.franklintempleton.com%2Finvestments%2Foptions%2Fclosed-end-funds&amp;index=1&amp;md5=4c9894a8639fdc4eb497b24f5d3bb934\">www.franklintempleton.com\/investments\/options\/closed-end-funds<\/a>. The information contained on the Fund\u2019s website is not part of this press release. Hard copies of the Fund\u2019s complete audited financial statements are available free of charge upon request.<\/p>\n<p>The Fund\u2019s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value and can increase an investor\u2019s risk of loss. All investments are subject to risk, including the risk of loss.<\/p>\n<p>This press release contains \u201cforward-looking statements\u201d as defined under the U.S. federal securities laws. Generally, the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cwill,\u201d and similar expressions identify forward looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual future results to differ significantly from the Fund\u2019s present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; leverage risk; valuation risk; interest rate risk; tax risk; the continuation of investment advisory, administration and other service arrangements; and other risks discussed in the Fund\u2019s filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund\u2019s investment objectives will be attained.<\/p>\n<p><strong>About Franklin Templeton<\/strong><\/p>\n<p>Franklin Templeton, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton.<\/p>\n<p>Category: Fund Announcement<br \/>Source: Legg Mason Closed End Funds<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261020004489r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261020004489\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261020004489\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\">Investor Contact: Fund Investor Services \u2013 1-888-777-0102<\/p>\n<p class=\"bwalignl\">Media Contact: Jeaneen Terrio<br \/>+1-212-632-4005<br \/><a rel=\"nofollow\" href=\"mailto:Jeaneen.Terrio@franklintempleton.com\">Jeaneen.Terrio@franklintempleton.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock NEW YORK&#8211;(BUSINESS WIRE)&#8211;LMP Capital and Income Fund Inc. (the \u201cFund\u201d) (NYSE: SCD) announced today that its Board of Directors has approved the issuance of up to $45,000,000 of fixed-rate Mandatory Redeemable Preferred Stock (\u201cMRPS\u201d) by private placement. The MRPS issuance is expected to be priced in the fourth quarter of 2026. Net proceeds from the offering will be used to repay a portion of the Fund\u2019s existing leverage and make new portfolio investments. The Fund is a non-diversified closed-end investment management company advised by Franklin Templeton Fund Adviser, LLC (\u201cFTFA\u201d) and sub-advised by ClearBridge Investments, LLC (\u201cClearBridge\u201d), Western Asset Management Company, LLC (\u201cWestern &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-board-approval-and-intention-to-issue-mandatory-redeemable-preferred-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1011696","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-board-approval-and-intention-to-issue-mandatory-redeemable-preferred-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock NEW YORK&#8211;(BUSINESS WIRE)&#8211;LMP Capital and Income Fund Inc. (the \u201cFund\u201d) (NYSE: SCD) announced today that its Board of Directors has approved the issuance of up to $45,000,000 of fixed-rate Mandatory Redeemable Preferred Stock (\u201cMRPS\u201d) by private placement. The MRPS issuance is expected to be priced in the fourth quarter of 2026. Net proceeds from the offering will be used to repay a portion of the Fund\u2019s existing leverage and make new portfolio investments. The Fund is a non-diversified closed-end investment management company advised by Franklin Templeton Fund Adviser, LLC (\u201cFTFA\u201d) and sub-advised by ClearBridge Investments, LLC (\u201cClearBridge\u201d), Western Asset Management Company, LLC (\u201cWestern &hellip; Continue reading &quot;LMP Capital and Income Fund Inc. 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