LMP Capital and Income Fund Inc. Portfolio Composition as of March 31, 2019
26 April 2019 - 8:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of March 31, 2019.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio
Composition1:
Asset
Allocation
Common Stocks
60.9%
Energy MLPs
20.6%
Equity REITs
8.9%
Convertible Preferred Stocks
7.2%
Cash
2.3%
Equity Sector
Allocation2
Energy - MLPs 20.6% Financials 19.1% Information Technology 11.0%
Real Estate 10.8% Health Care 7.3% Utilities 6.6% Industrials 5.1%
Materials 4.7% Communication Services 4.4% Consumer Staples 4.4%
Energy - Other 2.6% Consumer Discretionary 1.0% Cash & Other
Securities 2.3%
Top
Holdings-Equities2
The Blackstone Group L.P. 3.0% Lockheed Martin Corp 2.9% Microsoft
Corp. 2.7% Merck & Co. Inc. 2.6% Verizon Communications 2.3%
Top Holdings-
MLPs2
Energy Transfer Equity LP 2.7% Enterprise Products Partners LP 2.2%
Genesis Energy, LP 2.1% Hoegh LNG Partners, LP 2.0% KNOT Offshore
Partners LP 1.9%
Top Holdings-
Equity REITs2
Park Hotels & Resorts Inc. 1.2% Weyerhaeuser 1.1% STORE Capital
Corp. 1.1% Simon Property Group Inc. 1.0% EPR Properties 1.0%
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets3
$341,625,447
Net Assets
$259,625,447
Loans4
24.00%
Preferred Shares4
0.00%
Reverse Repos4
0.00%
Market Price
$12.90
NAV
$14.44 (Daily NAV is available on market quotation systems using
the symbol XSCDX.)
Distribution Rate5
$0.3100 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 Percentages based on total assets. 5
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 Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112223
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version on businesswire.com: https://www.businesswire.com/news/home/20190425005853/en/
LMP Capital and Income Fund Inc.Fund Investor Services,
1-888-777-0102
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