LMP Capital and Income Fund Inc. (''SCD'') Announces Distributions for the Months of June, July, August, September and October 2
May 27 2008 - 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 the months
of June, July, August, September and October 2008. The distribution
schedule appears below: Month � � � Ex-Date � � � Record Date � � �
Payable Date � � � Amount June � � � 06/18/2008 � � � 06/20/2008 �
� � 06/27/2008 � � � $0.1400 July 07/16/2008 07/18/2008 07/25/2008
$0.1400 August 08/20/2008 08/22/2008 08/29/2008 $0.1400 September
09/17/2008 09/19/2008 09/26/2008 $0.1400 October 10/22/2008
10/24/2008 10/31/2008 $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
6.38% of the cumulative fiscal year-to-date distributions through
October 2008 are sourced from net investment income, 84.52% are
sourced from short-term capital gains and 9.10% 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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