LMP Capital and Income Fund Inc. as of September 30, 2008
12 November 2008 - 8:05AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of September 30, 2008. Investment
Objective: The Fund�s Investment objective is total return with an
emphasis on income. Portfolio Composition*: ďż˝ Asset Allocation
Equities ďż˝ 59.0% High Yield 16.9% Investment Grade 7.7% Mortgage
Backed 6.3% Government 1.3% Asset Backed 0.3% Emerging Market Debt
0.2% Cash & Other Securities 8.3% ďż˝ Equity Sector Allocation**
Consumer Discretionary 12.4% Consumer Staples 7.7% Energy 17.8%
Financials 11.8% Health Care 13.8% Industrials 18.5% Information
Technology 5.2% Materials 5.3% Telecommunication Services 2.1%
Utilities 5.4% ďż˝ Top Ten Equity Holdings General Electric Co. 2.8%
Covanta Holdings Corp. 2.2% Crosstex Energy Inc. 2.1% JPMorgan
Chase and Co. 2.1% Assa Abloy 1.9% Kimberly Clark Corp. 1.8% Time
Warner Inc. 1.6% Charles Schwab Corp. 1.6% Total SA 1.6% Kraft
Foods Inc. 1.6% ďż˝ Fixed Income Credit Quality Allocation (Higher of
S&P/Moody/Fitch)*** Aaa/AAA 22.3% Aa/AA 4.8% A/A 8.7% Baa/BBB
11.7% Ba/BB 17.2% B/B 28.6% Caa/CCC 5.9% NR 0.8% ďż˝ Top Five Fixed
Income High Yield Industries*** Communications 9.2% Consumer
Cyclical 8.8% Electric 6.8% Consumer Non Cyclical 6.7% Capital
Goods 6.1% ďż˝ Fixed Income - Statistics **** Average Life (years)
8.4 Effective Duration (years) 3.2 Average Credit Rating (S&P)
BBB- ďż˝ Portfolio Statistics: ďż˝ Inception Date 3/25/1994 Inception
Price $20.00 Total Net Assets $428,115,073 Market Price $11.56 NAV
$14.29 (Daily NAV is available on market quotation systems using
the symbol XSCDX.) ďż˝ Distribution Rate***** $0.14 per share
Frequency Monthly (Declared quarterly, paid monthly) Leverage******
28.42% * Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. ** Percentage based on equity portion of the
total portfolio. *** Percentage based on the fixed income portion
of the total portfolio. **** 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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