SCD LMP Capital and Income Fund Inc

LMP Capital and Income Fund Inc. (NYSE: SCD) announces its portfolio composition as of June 30, 2009.

Investment Objective: The Fund’s Investment objective is total return with an emphasis on income.

Portfolio Composition*:

   

Asset Allocation

Equities

60.8%

High Yield

17.2%

Investment Grade

10.6%

Government

5.0%

Mortgage-Backed Securities

3.2%

Emerging Market Debt

0.4%

Asset-Backed Securities

0.1%

Cash & Cash Equivalents

2.7%

 

Equity Sector Allocation**

Energy 11.5% Financials 10.3% Information Technology 9.0% Industrials 7.6% Consumer Staples 7.3% Health Care 6.1% Materials 5.2% Consumer Discretionary 3.7% Telecommunication Services 0.1%  

Top Ten Equity Holdings**

Travelers Cos Inc 2.4% Covanta Hldg Corp 2.3% Invesco Ltd Shs 2.1% Oracle Corp 2.0% L 3 Communications Hldg Corp 2.0% United Technologies Corp 1.9% Total SA 1.8% El Paso Corp 1.8% American Tower Corp 1.8% Procter and Gamble Co 1.7%  

Fixed Income Credit Quality Allocation (Higher of S&P/Moody/Fitch)***

Aaa/AAA 20.3% Aa/AA 4.2% A/A 12.4% Baa/BBB 14.0% Ba/BB 17.4% B/B 19.3% Caa/CCC 9.0% Ca/CC 0.8% C/C 1.3% D/D 1.2% NR 0.1%  

Top Five Fixed Income High Yield Industries***

Bank Loan 7.7% Consumer Cyclical 7.5% Electric 5.9% Consumer Non Cyclical 5.1% Capital Goods 4.6%  

Fixed Income – Statistics ***

Average Life (years)

7.5

Effective Duration (years)

3.5

Average Credit Rating (S&P)

BBB-

 

Portfolio Statistics:

  Inception Date February 24, 2004 Inception Price $20.00 Total Net Assets $325,302,100 Market Price $8.60 NAV $10.86 (Daily NAV is available on market quotation systems using the symbol XSCDX.)   Distribution Rate**** $0.1300 per share Frequency Quarterly Leverage***** 15.57%

On November 18, 2008 the LMP Capital and Income Fund Inc. (SCD) changed both the rate and frequency of its distributions that are made pursuant to its managed distribution policy effective December 31, 2008. For more information on this change, please visit the press release section of our website at www.leggmson.com/cef and reference the press release titled “SCD – Changes to Managed Distribution Policy dated November 18, 2008”.

* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.

** Percentage based on the total portfolio.

*** Percentage based on the fixed income portion of the total portfolio.

**** Pursuant to its managed distribution policy, the Fund intends to make regular quarterly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may terminate the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for the Fund's shares.

***** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.

LMP 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 ClearBridge Advisors, LLC and Western Asset Management Company, affiliates of the advisor.

Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.

For more information, please call Fund Investor Relations at 888-777-0102, or consult the Fund’s web site at www.leggmason.com/cef.

Western Asset Management Company, ClearBridge Advisors and Legg Mason Investor Services, LLC are subsidiaries of Legg Mason, Inc.