{"id":869104,"date":"2025-07-14T08:20:28","date_gmt":"2025-07-14T12:20:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-preliminary-results-of-transferable-rights-offering\/"},"modified":"2025-07-14T08:20:28","modified_gmt":"2025-07-14T12:20:28","slug":"lmp-capital-and-income-fund-inc-announces-preliminary-results-of-transferable-rights-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-preliminary-results-of-transferable-rights-offering\/","title":{"rendered":"LMP Capital and Income Fund Inc. Announces Preliminary Results of Transferable Rights Offering"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }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 Preliminary Results of Transferable Rights Offering<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLMP Capital and Income Fund Inc. (NYSE: SCD) (\u201cSCD\u201d or the \u201cFund\u201d) announced today the completion of its transferable rights offering (the \u201cOffer\u201d). The Offer expired at 5:00 PM Eastern Time on July 11, 2025 (the \u201cExpiration Date\u201d) and the Rights no longer trade on the New York Stock Exchange (\u201cNYSE\u201d).<\/p>\n<p>\nThe Offer is expected to result in the issuance of 5,714,415 shares of common stock (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $87 million. The Offer was oversubscribed.<\/p>\n<p>\nThe subscription price per share of common stock (the \u201cSubscription Price\u201d) is $15.20, which is 90% of the Fund\u2019s net asset value per share of common stock at the close of trading on the NYSE on the Expiration Date. The shares of common stock subscribed for are expected to be issued on or about July 18, 2025, after completion of the allocation of any oversubscription shares and receipt of all shareholder payments. The Fund will return to subscribing investors the full amount of any excess payments.<\/p>\n<p>\nPursuant to the Offer, the Fund issued one transferable right (a \u201cRight\u201d) for each share of common stock of the Fund held by stockholders of record as of the close of business on June 12, 2025 (\u201cRecord Date Stockholders\u201d). Holders of Rights were entitled to purchase shares of common stock by submitting three Rights and the Subscription Price for each share of common stock purchased.<\/p>\n<p><b>The information herein is not complete and is subject to change. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund\u2019s securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a prospectus supplement and accompanying prospectus. Investors should consider the Fund\u2019s investment objectives, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund, and the prospectus supplement contains this and additional information about the Offer, and should be read carefully before investing. Shares of closed-end investment companies, such as the Fund, frequently trade at a discount from their net asset value. The market price of the Fund\u2019s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below, or above their net asset value.<\/b><\/p>\n<p>\nInquiries regarding the Offer should be directed to the Information Agent, Georgeson LLC, at 866-856-2826.<\/p>\n<p>\nA copy of the Fund\u2019s Current Report to Stockholders may be requested by contacting 1-888-777-0102 or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. The Fund is actively managed, but there is no guarantee that investment decisions of ClearBridge Investments, LLC which oversees the Fund\u2019s allocation between equity and fixed income securities and is responsible for the Fund\u2019s equity investments, Western Asset Management Company, LLC and\/or Western Asset Management Company Limited, each an indirect wholly-owned subsidiary of Franklin Resources Inc. will produce the desired results. For portfolio management discussions, including information regarding the Fund\u2019s investment strategies, please view the most recent Annual or Semi-Annual Report to Stockholders which can be found at franklintempleton.com or sec.gov.<\/p>\n<p><b>About Franklin Templeton<\/b><\/p>\n<p>\nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton\u2019s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.60 trillion in assets under management as of May 31, 2025. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=54289734&amp;newsitemid=20250714280088&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=1&amp;md5=67409a42bb983d9a0b05504f2f89d3bf\">franklintempleton.com<\/a> and follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=54289734&amp;newsitemid=20250714280088&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=878f8348c3ea1e4979611d0752b81b5d\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FFTI_US&amp;esheet=54289734&amp;newsitemid=20250714280088&amp;lan=en-US&amp;anchor=Twitter&amp;index=3&amp;md5=351f670d5a229e7092c60fd5d2175b84\">Twitter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Ffranklintempleton%2F&amp;esheet=54289734&amp;newsitemid=20250714280088&amp;lan=en-US&amp;anchor=Facebook&amp;index=4&amp;md5=9613b399a4d5554c7d434f4d335b51ce\">Facebook<\/a>.<\/p>\n<p>\nCategory: Fund Announcement<\/p>\n<p>\nSource: Franklin Resources, Inc.<\/p>\n<p>\nSource: Legg Mason Closed End Funds<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250714280088r1&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\/20250714280088\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250714280088\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact: Fund Investor Services 1-888-777-0102<\/p>\n<p>\nMedia Contact: Jeaneen Terrio<br \/>\n<br \/>+1-212-632-4005<br \/>\n<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> Banking 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 Preliminary Results of Transferable Rights Offering NEW YORK&#8211;(BUSINESS WIRE)&#8211; LMP Capital and Income Fund Inc. (NYSE: SCD) (\u201cSCD\u201d or the \u201cFund\u201d) announced today the completion of its transferable rights offering (the \u201cOffer\u201d). The Offer expired at 5:00 PM Eastern Time on July 11, 2025 (the \u201cExpiration Date\u201d) and the Rights no longer trade on the New York Stock Exchange (\u201cNYSE\u201d). The Offer is expected to result in the issuance of 5,714,415 shares of common stock (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $87 million. The Offer was oversubscribed. The subscription price per share of common stock (the \u201cSubscription Price\u201d) is $15.20, which is 90% of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lmp-capital-and-income-fund-inc-announces-preliminary-results-of-transferable-rights-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LMP Capital and Income Fund Inc. Announces Preliminary Results of Transferable Rights Offering&#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-869104","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LMP Capital and Income Fund Inc. Announces Preliminary Results of Transferable Rights Offering - 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-preliminary-results-of-transferable-rights-offering\/\" \/>\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 Preliminary Results of Transferable Rights Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LMP Capital and Income Fund Inc. Announces Preliminary Results of Transferable Rights Offering NEW YORK&#8211;(BUSINESS WIRE)&#8211; LMP Capital and Income Fund Inc. (NYSE: SCD) (\u201cSCD\u201d or the \u201cFund\u201d) announced today the completion of its transferable rights offering (the \u201cOffer\u201d). The Offer expired at 5:00 PM Eastern Time on July 11, 2025 (the \u201cExpiration Date\u201d) and the Rights no longer trade on the New York Stock Exchange (\u201cNYSE\u201d). The Offer is expected to result in the issuance of 5,714,415 shares of common stock (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $87 million. The Offer was oversubscribed. The subscription price per share of common stock (the \u201cSubscription Price\u201d) is $15.20, which is 90% of &hellip; Continue reading &quot;LMP Capital and Income Fund Inc. 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The Offer expired at 5:00 PM Eastern Time on July 11, 2025 (the \u201cExpiration Date\u201d) and the Rights no longer trade on the New York Stock Exchange (\u201cNYSE\u201d). The Offer is expected to result in the issuance of 5,714,415 shares of common stock (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $87 million. The Offer was oversubscribed. The subscription price per share of common stock (the \u201cSubscription Price\u201d) is $15.20, which is 90% of &hellip; Continue reading \"LMP Capital and Income Fund Inc. 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