LMP Capital and Income Fund Inc. as of September 30, 2009
December 02 2009 - 4:00PM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of September 30, 2009.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio Composition*:
Asset Allocation
Equities
58.6%
Mortgage-Backed
Securities
13.6%
Investment Grade
9.2%
Government
4.8%
High Yield
0.8%
Inflation-Linked
0.5%
Asset-Backed Securities
0.1%
Emerging Market
0.1%
Cash & Cash
Equivalents
12.3%
Equity Sector Allocation**
Consumer Staples 13.2% Energy 9.6% Industrials 7.9% Financials 5.8%
Information Technology 5.4% Health Care 4.8% Consumer Discretionary
3.7% Telecommunication Services 3.5% Utilities 3.5% Materials 1.1%
Other 0.1%
Top Ten Equity Holdings**
Procter & Gamble Co 3.1% Total SA 2.8% Kimberly Clark Corp 2.7%
HJ Heinz Co 2.5% Johnson & Johnson 2.4% Waste Management Inc
2.3% Verizon Communications 2.3% Travelers Cos Inc 2.2%
L 3 Communications Holding
Corp
2.0%
United Technologies Corp 1.9%
Fixed Income Credit Quality Allocation
(Higher of S&P/Moody’s/Fitch)***
AAA 63.6% AA 4.2% A 12.6% BBB 12.5% BB 0.4% B 1.2% CCC 3.8% CC 0.3%
C 0.4% D 1.1% NR -0.1%
Top Five Fixed Income Investment Grade
Industries***
Banking 7.6% Communications 6.2% Energy 3.2% Insurance 2.5%
Consumer Non Cyclical 1.4%
Fixed Income – Statistics***
Average Life (years)
6.71
Effective Duration
(years)
4.02
Average Credit Rating
(S&P)
AA-
Average Coupon (%)
4.28
Portfolio Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets
$456,683,727
Net Assets****
$352,901,774
Loans**
13.14%
Preferred Shares**
0%
Reverse Repos**
0%
Market Price
$9.60
NAV
$11.78 (Daily NAV is available on market quotation systems using
the symbol XSCDX.)
Distribution Rate*****
$0.1300 per share
Frequency
Quarterly
* 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.
****The difference between total assets and net assets, if any,
is due primarily to the Fund’s use of borrowings and other assets
and liabilities; net assets do not include borrowings. The Fund may
employ leverage in the form of loans, preferred stock, reverse
repurchase agreements and/or other instruments. When the Fund
engages in transactions that have a leveraging effect on the Fund’s
portfolio, the value of the Fund will be more volatile and all
other risks will tend to be compounded.
***** 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.
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.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. Fixed income securities are subject to credit risk,
inflation risk, call risk, and interest rate risks. As interest
rates rise, bond prices fall, reducing the value of the Fund's
share price.
For more information, please call Fund Investor Relations at
888-777-0102, or consult the Fund’s web site at
www.leggmason.com/cef.
FN0911873
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