{"id":774674,"date":"2023-08-02T14:48:06","date_gmt":"2023-08-02T18:48:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/"},"modified":"2023-08-02T14:48:06","modified_gmt":"2023-08-02T18:48:06","slug":"lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/","title":{"rendered":"LMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023"},"content":{"rendered":"

<\/p>\n

LMP Capital and Income Fund Inc. (SCD)<\/b>Announces <\/b>Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nLMP Capital and Income Fund Inc. (SCD) announced today that it has declared distributions pursuant to its managed distribution policy for the months of September, October and November 2023. Following the September payment, SCD will move from a quarterly to a monthly distribution schedule. Management believes that regular, monthly distributions may benefit investors.<\/p>\n

\nThe following dates apply to the distribution schedule below:<\/p>\n\n\n\n\n\n
\n

Month<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Record Date<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Ex-Dividend Date<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Payable Date<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nSeptember<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n9\/22\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n9\/21\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n10\/2\/2023<\/p>\n<\/td>\n<\/tr>\n

\n

\nOctober<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n10\/24\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n10\/23\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n11\/1\/2023<\/p>\n<\/td>\n<\/tr>\n

\n

\nNovember<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n11\/22\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n11\/21\/2023<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n12\/1\/2023<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
\n

Ticker<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Fund Name<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Month<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Amount<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Change from
\n
Previous
\n
Distribution<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nSCD<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nLMP Capital and Income Fund Inc.a<\/sup><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nSeptember<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.34000<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

b<\/sup><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.08000<\/p>\n<\/td>\n<\/tr>\n

\n\u00a0<\/td>\n\n\u00a0<\/td>\n\n

\nOctober<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.11300<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

c<\/sup><\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nNovember<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.11300<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

a<\/sup> Please see table below for the Fund\u2019s estimated source of distributions.<\/p>\n

b <\/sup>Quarterly paying distribution.<\/p>\n

c <\/sup>SCD to convert to a monthly paying distribution starting with the October 2023 distribution.<\/p>\n

\nUnder the terms of the Fund\u2019s managed distribution policy, the Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund\u2019s investment portfolio. To the extent that sufficient distributable income is not available on a monthly basis, the Fund will distribute long-term capital gains and\/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund\u2019s investment performance and should not be confused with \u201cyield\u201d or \u201cincome\u201d. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund\u2019s capital loss carryovers from prior years. The Board of Directors may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund\u2019s shares.<\/p>\n

\nBased on the Funds\u2019 tax accounting records, which also factor in currency fluctuations, the Fund\u2019s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:<\/p>\n\n\n\n
\n

Fund<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Fiscal
\n
Year End<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Income<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Short-Term
\n
Capital Gains<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Long-Term
\n
Capital Gains<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Return of
\n
Capital<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nSCD<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nNov 30<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n28.98%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n–<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n–<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n71.02%<\/p>\n<\/td>\n

\n

(a)<\/sup><\/p>\n<\/td>\n<\/tr>\n<\/table>\n

    \n
  1. \nSources of cumulative fiscal year-to-date distributions are estimated through November 30, 2023.<\/p>\n<\/li>\n<\/ol>\n

    \nThe updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.<\/p>\n

    \nShareholders should not draw any conclusions about the Fund\u2019s investment performance from the amount of these distributions or from the terms of the Fund\u2019s managed distribution policy. The amounts and sources of the Fund\u2019s distributions to be reported will be estimates and will not be provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund\u2019s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund\u2019s distributions for federal income tax purposes.<\/p>\n

    \nLegg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (\u201cFranklin Resources\u201d).<\/p>\n

    \nFor more information about the Fund, please call 1-888-777-0102 or consult the Fund\u2019s website at www.franklintempleton.com\/investments\/options\/closed-end-funds<\/a>. Hard copies of the Fund\u2019s complete audited financial statements are available free of charge upon request.<\/p>\n

    \nData and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.<\/p>\n

    \nThe Fund\u2019s common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price 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

    \nINVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE<\/p>\n

    \nCategory: Distribution Related<\/p>\n

    \nSource: Franklin Resources, Inc.<\/p>\n

    \nSource: Legg Mason Closed End Funds<\/p>\n

    \"\"<\/p>\n

    View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230802590989\/en\/<\/a><\/span><\/p>\n

    Investors: Fund Investor Services 1-888-777-0102<\/b><\/p>\n

    KEYWORDS:<\/b> New York United States North America<\/p>\n

    INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

    MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

    LMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023 NEW YORK–(BUSINESS WIRE)– LMP Capital and Income Fund Inc. (SCD) announced today that it has declared distributions pursuant to its managed distribution policy for the months of September, October and November 2023. Following the September payment, SCD will move from a quarterly to a monthly distribution schedule. Management believes that regular, monthly distributions may benefit investors. The following dates apply to the distribution schedule below: Month \u00a0 Record Date \u00a0 Ex-Dividend Date \u00a0 Payable Date September \u00a0 9\/22\/2023 \u00a0 9\/21\/2023 \u00a0 10\/2\/2023 October \u00a0 10\/24\/2023 \u00a0 10\/23\/2023 \u00a0 11\/1\/2023 November \u00a0 11\/22\/2023 \u00a0 11\/21\/2023 \u00a0 12\/1\/2023 Ticker … <\/p>\n

    Continue reading “LMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023”<\/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-774674","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023 - 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-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/\" \/>\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. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023 NEW YORK–(BUSINESS WIRE)– LMP Capital and Income Fund Inc. (SCD) announced today that it has declared distributions pursuant to its managed distribution policy for the months of September, October and November 2023. Following the September payment, SCD will move from a quarterly to a monthly distribution schedule. Management believes that regular, monthly distributions may benefit investors. The following dates apply to the distribution schedule below: Month \u00a0 Record Date \u00a0 Ex-Dividend Date \u00a0 Payable Date September \u00a0 9\/22\/2023 \u00a0 9\/21\/2023 \u00a0 10\/2\/2023 October \u00a0 10\/24\/2023 \u00a0 10\/23\/2023 \u00a0 11\/1\/2023 November \u00a0 11\/22\/2023 \u00a0 11\/21\/2023 \u00a0 12\/1\/2023 Ticker … Continue reading "LMP Capital and Income Fund Inc. 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(SCD) announced today that it has declared distributions pursuant to its managed distribution policy for the months of September, October and November 2023. Following the September payment, SCD will move from a quarterly to a monthly distribution schedule. Management believes that regular, monthly distributions may benefit investors. The following dates apply to the distribution schedule below: Month \u00a0 Record Date \u00a0 Ex-Dividend Date \u00a0 Payable Date September \u00a0 9\/22\/2023 \u00a0 9\/21\/2023 \u00a0 10\/2\/2023 October \u00a0 10\/24\/2023 \u00a0 10\/23\/2023 \u00a0 11\/1\/2023 November \u00a0 11\/22\/2023 \u00a0 11\/21\/2023 \u00a0 12\/1\/2023 Ticker … Continue reading \"LMP Capital and Income Fund Inc. (SCD)Announces Distributions Pursuant to its Managed Distribution Policy for the Months of September, October and November 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-08-02T18:48:06+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230802590989r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-scdannounces-distributions-pursuant-to-its-managed-distribution-policy-for-the-months-of-september-october-and-november-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"LMP Capital and Income Fund Inc. 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