LMP Capital and Income Fund Inc. Announces Distributions for Months of October and November 2007
August 16 2007 - 3:15PM
Business Wire
LMP Capital and Income Fund Inc., which is listed on the New York
Stock Exchange under the symbol �SCD�, announced today
distributions of $0.1400 per common share per month for October and
November 2007. The distribution schedule and amounts for the months
of October and November 2007 appear below: Month Ex-Date Record
Date Payable Date Amount October 10/17/2007 10/19/2007 10/26/2007
$0.1400 November 11/20/2007 11/23/2007 11/30/2007 $0.1400 Under the
terms of the Fund�s managed distribution policy, the Fund seeks to
maintain a consistent distribution level, stated as a fixed rate
per common share per month, that may be paid in part or in full
from net investment income and realized capital gains, or a
combination thereof. Shareholders should note, however, that if the
Fund�s aggregate net investment income and net realized capital
gains are less than the amount of the distribution level, the
difference will be distributed from the Fund's assets and will
constitute a return of the shareholder�s capital. A return of
capital is not taxable; rather it reduces a shareholder�s tax basis
in his or her shares of the Fund. The Board of Directors may
terminate or suspend the managed distribution policy at any time.
Any such termination or suspension could have an adverse effect on
the market price of the Fund's shares. Based on the Fund's
accounting records, as of the date of this press release, the Fund
estimates that approximately 20.65% of the cumulative fiscal
year-to-date distributions through November 2007 are sourced from
short-term capital gains and 79.35% are sourced from long-term
capital gains. If the Fund pays a distribution from sources other
than net investment income, the estimated components of each
distribution will be provided to shareholders of record in a notice
accompanying the payment of the distribution. Please note that this
press release should not be used for tax reporting purposes and is
being provided to announce the amount of the Fund's distributions
that have been declared by the Board of Directors. In early 2008,
after definitive information is available, the Fund will send
shareholders a Form 1099-DIV specifying, if applicable, how the
distributions paid by the Fund during the calendar year 2007 should
be characterized for purposes of reporting the distributions on a
shareholder's tax return (e.g., ordinary income, long-term capital
gain or return of capital). LMP Capital and Income Fund Inc. is a
non-diversified, closed-end management investment company. Legg
Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., serves as the Fund�s investment manager and is
sub-advised by ClearBridge Advisors, LLC, and Western Asset
Management Company and Western Asset Management Company Limited,
affiliates of the adviser. For more information about the Fund,
please call 1-888-777-0102 or consult the Fund's web site at
www.leggmason.com.
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