LMP Capital and Income Fund Inc. Portfolio Composition as of December 31, 2013
31 January 2014 - 12:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE:SCD) announces its
portfolio composition as of December 31, 2013.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio
Composition1:
Asset
Allocation
Common Stocks
45.2%
Energy MLPs
24.5%
Convertible Preferred Stocks
15.0%
REITs
13.2%
Cash
2.0%
Equity Sector
Allocation2
Energy - MLPs 24.5% Financials - Other 15.1% Financials - REITs
13.2% Utilities 11.8% Industrials 9.9% Telecommunication Services
6.4%
Health Care
5.5%
Information Technology 4.7% Energy - Other 3.0% Consumer Staples
1.4% Materials 1.4% Consumer Discretionary 1.2% Cash & Other
Securities 2.0%
Top Holdings-
MLPs2
Energy Transfer Equity, LP 5.1% Enterprise Products Partners LP
3.5% Genesis Energy, LP 1.8% DCP Midstream Partners, LP 1.7% Access
Midstream Partners, LP 1.4%
Top Holdings-
REITs2
Health Care Reit Inc. 1.5% Starwood Property Trust Inc 1.3% Annaly
Capital Management, Inc. 1.0% Hospitality Properties Trust 0.8%
Spirit Realty Capital Inc 0.7%
Top
Holdings-Equities2
TAL International Grp 3.6% Vodafone Group PLC 3.6% Och-Ziff Capital
Mngmnt 3.5% Ares Capital Corporation 3.0% Seadrill Ltd 3.0%
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets3
$393,616,191
Net Assets
$315,243,705
Loans
19.56%
Preferred Shares
0.00%
Reverse Repos
0.00%
Market Price
$15.77
NAV
$17.75
(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
Media:LMP Capital and Income Fund Inc.Maria
Rosati, 1-212-805-6036mrosati@leggmason.com
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