SCD LMP Capital and Income Fund Inc

LMP Capital and Income Fund Inc. (NYSE:SCD) announces its portfolio composition as of June 30, 2014.

 

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

 

Portfolio Composition1:

 

Asset Allocation

Common Stocks

43.5%

Energy MLPs

25.5%

Convertible Preferred Stocks

16.0%

REITs

13.4%

Cash

1.6%

 

Equity Sector Allocation2

Energy - MLPs 25.5% Financials - Other 16.0% Utilities 13.4% Financials - REITs 13.4% Industrials 9.4% Telecommunication Services 5.1% Information Technology 4.9% Health Care 3.8% Energy - Other 3.3% Consumer Staples 1.3% Materials 1.2% Consumer Discretionary 1.1% Cash & Other Securities 1.6%  

Top Holdings- MLPs2

Energy Transfer Equity, LP 5.4% Enterprise Products Partners, LP 3.7% Susser Petroleum Partners, LP 1.7% DCP Midstream Partners, LP 1.7% Summit Midstream partners, LP 1.5%  

Top Holdings- REITs2

Health Care REIT 6.5% Ser I Cnv Pfd 1.5% Starwood Property Trust Inc 1.3% Annaly Capital Management, Inc. 1.0% Hospitality Properties Trust 0.8% Spirit Realty Capital Inc 0.7%  

Top Holdings-Equities2

Och-Ziff Capital Mngmnt 3.4% Seadrill Ltd 3.3% Ares Capital Corporation 2.7% Verizon Communications Inc 2.3% Seagate Technology 2.3%  

Portfolio Statistics:

 

Inception Date

February 24, 2004

Inception Price

$20.00

Total Assets3

$456,383,554

Net Assets

$352,411,345

Loans

21.91%

Preferred Shares

0.00%

Reverse Repos

0.00%  

Market Price

$17.74

NAV

$19.67

(Daily NAV is available on market quotation systems using the symbol XSCDX.)

 

Distribution Rate4

$0.2800 per share

Frequency

Quarterly  

1

 

Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. Negative allocations and allocations in excess of 100%, if any, are primarily due to the Fund's unsettled trade activity.

2

Percentage based on the Equity sleeve of the portfolio.

3

The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings; 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.

4

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 quarterly distribution, the value of the Fund’s 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 modify, terminate or suspend the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such modification termination or suspension 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 Investments, LLC, Western Asset Management Company and Western Asset Management Company Limited, 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.

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.

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

FN1112223

Legg Mason, Inc.Maria Rosati, 1-212-805-6036mrosati@leggmason.com