LMP Capital and Income Fund Inc. ('SCD') Announces Distributions for the Months of March, April and May 2008
February 15 2008 - 7:00AM
Business Wire
LMP Capital and Income Fund Inc., which is listed on the New York
Stock Exchange under the symbol �SCD�, announced today monthly
distributions of $0.1400 per common share for March, April and May
2008. The distribution schedule appears below: � Month � Ex-Date �
Record Date � Payable Date � Amount March � 03/18/2008 � 03/20/2008
� 03/28/2008 � $ 0.1400 April 04/16/2008 04/18/2008 04/25/2008 $
0.1400 May 05/21/2008 05/23/2008 05/30/2008 $ 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 6.75% of the cumulative fiscal
year-to-date distributions through May 2008 are sourced from net
investment income, 84.11% are sourced from short-term capital gains
and 9.14% are sourced from long-term capital gains. The estimated
components of each distribution will be provided to shareholders of
record in a separate notice. 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 2009, after definitive
information is available, the Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by
the Fund during the prior calendar year 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.
Contact the Fund at 1-888-777-0102 for additional information, or
consult the Fund�s web site at www.leggmason.com/cef.
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