LMP Capital and Income Fund Inc. Portfolio Composition as of June 30, 2013
08 August 2013 - 10:00PM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of June 30, 2013.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio
Composition1:
Asset
Allocation
Common Stocks
37.2%
Energy MLPs
26.3%
REITs
19.7%
Convertible Preferred Stocks
16.1%
Cash
0.7%
Equity Sector
Allocation2
Energy - MLPs 26.3% Financials - REITs 21.8% Financials - Other
12.2% Utilities 10.6% Industrials 8.5% Telecommunication Services
5.9% Health Care 4.5% Information Technology 3.4% Energy - Other
3.0% Consumer Staples 1.4% Consumer Discretionary 1.2% Materials
0.6% Cash & Other Securities 0.7%
Top Holdings-
MLPs2
Energy Transfer Equity LP 4.1% Enterprise Products Partners LP 3.6%
DCP Midstream Partners LP 2.0% Genesis Energy LP 1.9% CVR Refining
LP 1.4%
Top Holdings-
REITs2
American Capital Agency Corp. 2.8% Health Care Reit Inc. 1.8%
Hatteras Financial Corp. 1.6% Starwood Property Trust Inc. 1.3%
Westfield Group 1.2%
Top
Holdings-Equities2
TAL International Group Inc. 3.0% Vodafone Group PLC 2.8% Ares
Capital Corp. 2.8% Och-Ziff Capital Management Group 2.7% Seagate
Technology 2.3%
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets3
$375,810,888
Net Assets
$295,608,215
Loans
20.49%
Preferred Shares
0.00%
Reverse Repos
0.00%
Market Price
$15.46
NAV
$16.44
(Daily NAV is available on market
quotation systems using the symbol XSCDX.)
Distribution Rate4
$0.2800 per share
Frequency
Quarterly
1
Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. Negative allocations and allocations in excess
of 100%, if any, are primarily due to the Fund's unsettled trade
activity.
2
Percentage based on the Equity sleeve of the portfolio.
3
The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings; net assets do not
include borrowings. The Fund may employ leverage in the form of
loans, preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund’s portfolio, the value of the Fund
will be more volatile and all other risks will tend to be
compounded.
4
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 quarterly distribution,
the value of the Fund’s 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
modify, terminate or suspend the managed distribution policy at any
time, including when certain events would make part of any return
of capital taxable to shareholders. Any such modification
termination or suspension could have an adverse effect on the
market price for the Fund's shares.
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 Investments, LLC, Western Asset
Management Company and Western Asset Management Company Limited,
affiliates of the advisor.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. Fixed income securities are subject to credit risk,
inflation risk, call risk, and interest rate risks. As interest
rates rise, bond prices fall, reducing the value of the Fund's
share price.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
For more information, please call Fund Investor Relations at
888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com.
FN1112223
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