LMP Capital and Income Fund Inc. Conference Call Scheduled for August 11, 2009
11 August 2009 - 10:30PM
Business Wire
LMP Capital and Income Fund Inc. (NYSE:SCD) will hold a
conference call today, August 11th, at 4:15 p.m. Eastern time with
Harry “Hersh” D. Cohen, Peter Vanderlee, CFA, and Michael Clarfeld
of ClearBridge Advisors, LLC (“ClearBridge Advisors”). Recently
named as lead portfolio managers of the Fund, they are responsible
for the day-to-day management of the Fund’s equity assets and for
the allocation of the Fund’s assets between equity and fixed income
investments. On the conference call they will discuss the Fund and
share their views on the broader markets.
Conference Call:
CALL DATE: August 11, 2009 CALL TIME: 4:15 p.m. (Eastern Time)
DIAL-IN NUMBER: 1-888-831-4305 PASSCODE: Legg Mason
Shortly after its conclusion, a replay of the call will be made
available on the Fund’s website at www.leggmason.com/cef.
Portfolio Manager Bios:
Hersh Cohen is Chief Investment Officer, Managing Director, and
Senior Portfolio Manager with ClearBridge Advisors, a subsidiary of
Legg Mason, Inc. Mr. Cohen has over 40 years of investment industry
experience and was a nominee for Morningstar’s Domestic-Equity
Manager of the Year in 2008 for Legg Mason Partners Appreciation
Fund. Mr. Cohen received his BA from Western Reserve University and
earned a PhD in Psychology from Tufts University.
Peter Vanderlee, CFA, is a Managing Director and Portfolio
Manager with ClearBridge Advisors. He has 10 years of investment
management experience and 12 years of related investment
experience. He received his MS from the University of Technology,
Eindhoven, Holland, and earned his MBA from New York University. He
is a member of the CFA Institute.
Michael Clarfeld, CFA, is a Director and Portfolio Manager with
ClearBridge Advisors. He has 10 years of investment management
experience. He received his BA from Duke University, is a member of
the CFA Institute and the New York Society of Security
Analysts.
About the Fund:
The investment objective of LMP Capital and Income Fund is total
return with an emphasis on income. The Fund may invest in a broad
range of equity and fixed income securities of both U.S. and
foreign issuers. The Fund varies its allocation between equity and
fixed income securities depending on its portfolio managers’ view
of economic, market or political conditions, fiscal and monetary
policy and security valuation. Depending on the portfolio managers’
view of these factors, which may vary from time to time, the
portfolio managers may allocate substantially all of the
investments in the portfolio to equity securities or fixed income
securities. As of June 30, 2009, approximately 61% of the Fund’s
assets were allocated to equity securities, 36% to fixed income
securities and 3% to cash or cash equivalents.
LMP Capital and Income Fund Inc. is a non-diversified,
closed-end management investment company. Legg Mason Partners Fund
Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., serves
as the Fund's investment manager and is sub-advised by ClearBridge
Advisors, LLC, and Western Asset Management Company, affiliates of
the investment manager.
For more information, please contact the Fund at 1-888-777-0102
or consult the Fund’s web site at www.leggmason.com/cef.
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