LMP Capital and Income Fund Inc. Announces Change in Portfolio Managers
27 July 2022 - 6:30AM
Business Wire
LMP Capital and Income Fund Inc. (the “Fund”) (NYSE: SCD)
announced today that effective August 1, 2022, Patrick McElroy,
CFA, will join the portfolio management team of the Fund. The
Fund’s investment professionals at ClearBridge Investments, LLC
(“ClearBridge”) also include Peter Vanderlee, CFA, Mark McAllister,
CFA and Tatiana Eades. It is anticipated that Mr. McAllister will
retire and step down as a member of the Fund’s portfolio management
team on or about December 31, 2022.
Mr. McElroy is a director and a portfolio manager at
ClearBridge. Prior to joining ClearBridge in 2007, Mr. McElroy was
a Convertible Securities Research Analyst for Palisade Capital
Management, a Convertible Securities and Equities Research Analyst
at Jefferies & Co. and a Research Associate for Fixed Income at
Standard & Poor’s. Prior to that, he worked in Fixed Income
Division Sales at Donaldson, Lufkin and Jenrette Securities. He has
29 years of investment industry experience.
The Fund is a non-diversified, closed-end investment management
company. Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the
Fund’s investment manager and ClearBridge, Western Asset Management
Company, LLC (“Western Asset”) and Western Asset Management Company
Limited (“Western Asset Limited”) are the Fund’s subadvisers.
LMPFA, ClearBridge, Western Asset and Western Asset Limited are
wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin
Resources”).
Franklin Resources is a global investment management
organization with subsidiaries operating as “Franklin Templeton”
and serving clients in over 155 countries. Franklin Templeton’s
mission is to help clients achieve better outcomes through
investment management expertise, wealth management and technology
solutions. Through its specialist investment managers, the company
brings extensive capabilities in fixed income, equity, alternatives
and multi-asset solutions. With offices in more than 30 countries
and approximately 1,300 investment professionals, the
California-based company has 75 years of investment experience and
approximately $1.4 trillion in assets under management as of June
30, 2022. For more information, please visit franklinresources.com
and follow us on LinkedIn, Twitter and Facebook.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s website at
www.franklintempleton.com/investments/options/closed-end-funds.
Hard copies of the Funds’ complete audited financial statements are
available free of charge upon request.
Category: Fund Announcement
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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version on businesswire.com: https://www.businesswire.com/news/home/20220726005551/en/
Media: Fund Investor Services 1-888-777-0102
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