LMP Capital and Income Fund Inc. (“SCD”) Announces Quarterly Distribution for December 2011
November 14 2011 - 7:30AM
Business Wire
LMP Capital and Income Fund Inc., which is listed on the New
York Stock Exchange under the symbol "SCD," announced today a
quarterly distribution of $0.2800 per common share payable December
2011. The Fund also announced that it will change its fiscal year
end to November 30th of each year.
The distribution schedule appears below:
Month Ex-Date
Record Date Payable
Date Amount December
12/14/2011 12/16/2011 12/23/2011 $0.2800
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 quarter, 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 reduce the Fund's quarterly
distribution rate in the future or terminate or suspend the managed
distribution policy at any time. Any such reduction in the
quarterly distribution rate, termination or suspension could have
an adverse effect on the market price.
Based on the Fund's accounting records as of the date of this
press release, the Fund estimates that approximately 100% of the
cumulative fiscal year-to-date distributions through December 2011
are sourced from net investment income. The estimated components of
each distribution will be provided to shareholders of record in a
separate notice.
Please note that neither this press release nor the separate
notice should be used for tax reporting purposes and that each is
being provided to announce the amount and estimated source of the
Fund's distributions that have been declared by the Board of
Directors. In early 2012, 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. The Fund is sub-advised by
ClearBridge Advisors, LLC and Western Asset Management Company,
affiliates of the investment manager.
Contact the Fund at 1-888-777-0102 for additional information,
or consult the Fund’s web site at www.leggmason.com/cef.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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