Salomon Brothers Capital and Income Fund Inc. Announces Name Change to LMP Capital and Income Fund Inc.
September 21 2006 - 3:00PM
Business Wire
Salomon Brothers Capital and Income Fund Inc., which is traded on
the New York Stock Exchange under the symbol "SCD," announced today
a name change to LMP Capital and Income Fund Inc. effective with
the opening of trading on Monday, October 9, 2006. The Fund will
continue to trade under its existing New York Stock Exchange symbol
"SCD." The CUSIP number for LMP Capital and Income Fund Inc. will
be as follows: -- Common Stock: 50208A102 The renaming of Salomon
Brothers Capital and Income Fund Inc. follows Legg Mason's
acquisition of substantially all of Citigroup's asset management
business in December 2005. Following that transaction, Legg Mason
announced plans to integrate and streamline mutual funds included
in the Citigroup transaction. Salomon Brothers 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
CAM North America, LLC and Western Asset Management Company,
affiliates of the adviser. ClearBridge Advisors is the US equity
group created from the former Citigroup Asset Management, and its
advisory services are provided by CAM North America LLC, Salomon
Brothers Asset Management Inc and other affiliated advisory
entities. The cornerstone of the firm's investing philosophy
focuses on bottom-up security selection process and fundamental
research focused on companies with solid economic returns relative
to their risk-adjusted valuations. Through its affiliated
investment advisors, ClearBridge Advisors managed more than $112
billion in assets as of June 30, 2006 and offers clients a variety
of investments, including mutual funds, variable annuity
portfolios, 529 plans and separately managed accounts. Western
Asset is one of the world's premier fixed income managers. With
offices in Pasadena, New York, London, Tokyo, Singapore, Hong Kong,
Melbourne and Sao Paulo, Western Asset offers institutional and
retail clients a full range of fixed income products. By devoting
all of its resources to fixed income, Western Asset is able to
provide a full commitment to its clients in every area of the firm.
This focused approach has generated superior returns in products
with a variety of risk disciplines. Western Asset's long
performance track record and global presence has them positioned to
continue their commitment to excellence in fixed income investment
management and client service. As of June 30, 2006, Western Asset
had $511.7 billion in assets under management. Legg Mason is a
global asset management firm, structured as a holding company, with
on-the-ground asset management capabilities around the world. As of
June 30, 2006, its assets under management aggregated approximately
$855 billion. The firm is headquartered in Baltimore, Maryland, and
its common stock is listed on the New York Stock Exchange
(NYSE:LM). For more information, call 1-888-777-0102, or log on to
the Fund's website at www.leggmason.com/InvestorServices. Note:
"Salomon Brothers" is a service mark of Citigroup, licensed for use
by Legg Mason as the names of funds and investment advisers. Legg
Mason and its affiliates, as well as the fund's investment manager,
are not affiliated with Citigroup.
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