LMP Capital and Income Fund Inc. as of March 31, 2008
16 May 2008 - 7:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of March 31, 2008. Investment Objective:
The Fund's Investment objective is total return with an emphasis on
income. Portfolio Composition*: � � � � � � � � � Asset Allocation
Equities 64.5% High Yield 12.5% Mortgage Backed 5.9% Investment
Grade 4.1% Government 2.0% Emerging Market Debt 0.1% Cash and Other
Securities 10.8% Equity Sector Allocation Financials � � � � � � �
� � 20.5% Energy 17.1% Industrials 16.7% Information Technology
13.1% Consumer Discretionary 10.4% Health Care 8.4%
Telecommunication 4.5% Utilities 4.5% Consumer Staples 3.6%
Materials 1.2% Top Ten Equity Holdings General Electric Co � � � �
� � � � � � 2.7% Dover Corp 2.6% Crosstex Energy Inc 2.5%
Halliburton Co 2.2% Liberty Media Corp New 2.0% Lamar Advertising
Co 2.0% Assa Abloy 1.9% Invesco Ltd 1.9% American Express Co 1.8%
Covanta Hldg Corp 1.8% Fixed Income Credit Quality Allocation
(Higher of S&P/Moody/Fitch) AAA � 29.9% AA 4.7% A 5.5% BBB 9.0%
BB 18.5% B 27.3% CCC 5.1% Top Five Fixed Income High Yield
Industries Consumer Cyclical � � � � � � � � � � � 9.9%
Communications 5.5% Basic Industry 5.3% Electric 5.3% Consumer Non
Cyclical 5.1% Fixed Income - Statistics ** Average Life (years) � �
� � � � � � 9.1 Effective Duration (years) 4.0 Average Credit
Quality (S&P) BBB Portfolio Statistics: � Inception Date � � �
� � February 24, 2004 Inception Price $20.00 Total Net Assets
$531,845,287 Market Price $16.09 NAV $17.75 (Daily NAV is available
on market quotation systems using the symbol XSCDX.) � Distribution
Rate*** $0.1400 per share Frequency Monthly (Declared quarterly,
paid monthly) Leverage**** 24.09% * Portfolio holdings and
weightings are historical and are presented here for informational
purposes only. They are subject to change at any time. ** Average
Life, Effective Duration and Average Credit Quality are based
solely on the fixed income portion of the total portfolio. ***
Pursuant to its managed distribution policy, the Fund intends to
make regular monthly distributions to shareholders of its common
stock at a fixed rate per common share, which may be adjusted from
time to time by the Fund's Board of Directors. Under the Fund's
managed distribution policy, if, for any monthly distribution, the
total of net investment income and net realized capital gain is
less than the amount of the distribution, the difference will be
distributed from the Fund's assets (and will constitute a "return
of capital"). The Board of Directors may terminate the managed
distribution policy at any time, including when certain events
would make part of any return of capital taxable to shareholders.
Any such termination could have an adverse effect on the market
price for the Fund's shares. **** The Fund may employ leverage in
the form of loans, preferred stock, reverse repurchase agreements
and/or other instruments. If the Fund establishes a segregated
account in which it maintains cash and/or liquid securities equal
in value to its obligation in respect of the reverse repurchase
agreements (or other instruments), these investments are not
considered to be a borrowing or a "senior security" for purposes of
the asset coverage requirements under the 1940 Act, although they
may have the same economic effect as other types of leverage. LMP
Capital and Income Fund Inc., a non-diversified closed-end
investment management company traded on the New York Stock Exchange
under the symbol �SCD,� is advised by Legg Mason Partners Fund
Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is
sub-advised by ClearBridge Advisors, LLC, Western Asset Management
Company, and Western Asset Management Company Limited, affiliates
of the adviser. Past performance is no guarantee of future results.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. For more information, please call Fund Investor
Relations at 888-777-0102, or consult the Fund�s web site at
www.leggmason.com/cef.
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