LMP Capital and Income Fund Inc. as of June 30, 2009
24 July 2009 - 10:00PM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of June 30, 2009.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio Composition*:
Asset Allocation
Equities
60.8%
High Yield
17.2%
Investment Grade
10.6%
Government
5.0%
Mortgage-Backed
Securities
3.2%
Emerging Market Debt
0.4%
Asset-Backed Securities
0.1%
Cash & Cash
Equivalents
2.7%
Equity Sector Allocation**
Energy 11.5% Financials 10.3% Information Technology 9.0%
Industrials 7.6% Consumer Staples 7.3% Health Care 6.1% Materials
5.2% Consumer Discretionary 3.7% Telecommunication Services 0.1%
Top Ten Equity Holdings**
Travelers Cos Inc 2.4% Covanta Hldg Corp 2.3% Invesco Ltd Shs 2.1%
Oracle Corp 2.0% L 3 Communications Hldg Corp 2.0% United
Technologies Corp 1.9% Total SA 1.8% El Paso Corp 1.8% American
Tower Corp 1.8% Procter and Gamble Co 1.7%
Fixed Income Credit Quality Allocation
(Higher of S&P/Moody/Fitch)***
Aaa/AAA 20.3% Aa/AA 4.2% A/A 12.4% Baa/BBB 14.0% Ba/BB 17.4% B/B
19.3% Caa/CCC 9.0% Ca/CC 0.8% C/C 1.3% D/D 1.2% NR 0.1%
Top Five Fixed Income High Yield
Industries***
Bank Loan 7.7% Consumer Cyclical 7.5% Electric 5.9% Consumer Non
Cyclical 5.1% Capital Goods 4.6%
Fixed Income – Statistics ***
Average Life (years)
7.5
Effective Duration
(years)
3.5
Average Credit Rating
(S&P)
BBB-
Portfolio Statistics:
Inception Date February 24, 2004 Inception Price $20.00
Total Net Assets $325,302,100 Market Price $8.60 NAV $10.86 (Daily
NAV is available on market quotation systems using the symbol
XSCDX.) Distribution Rate**** $0.1300 per share Frequency
Quarterly Leverage***** 15.57%
On November 18, 2008 the LMP Capital and Income Fund Inc.
(SCD) changed both the rate and frequency of its distributions that
are made pursuant to its managed distribution policy effective
December 31, 2008. For more information on this change, please
visit the press release section of our website at
www.leggmson.com/cef and reference the press release
titled “SCD – Changes to Managed Distribution Policy dated November
18, 2008”.
* 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 the total portfolio.
*** Percentage based on the fixed income portion of the total
portfolio.
**** Pursuant to its managed distribution policy, the Fund
intends to make regular quarterly 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 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 and Western Asset
Management Company, affiliates of the advisor.
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.
Western Asset Management Company, ClearBridge Advisors and Legg
Mason Investor Services, LLC are subsidiaries of Legg Mason,
Inc.
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