LMP Capital and Income Fund Inc. Portfolio Composition as of September 30, 2014
October 24 2014 - 8:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE:SCD) announces its
portfolio composition as of September 30, 2014.
Investment Objective: The Fund’s
Investment objective is total return with an emphasis on
income.
Portfolio
Composition1:
Asset
Allocation
Common Stocks
44.6%
Energy MLPs
23.2%
Convertible Preferred Stocks
16.8%
REITs
13.6%
Cash
1.9%
Equity Sector
Allocation2
Energy - MLPs
23.8%
Financials - Other
15.5%
Utilities
13.6%
Financials - REITs
13.6%
Industrials
9.8%
Information Technology
5.7% Telecommunication Services 5.5%
Health Care
3.9% Energy - Other 2.6% Consumer Discretionary 1.7% Consumer
Staples 1.3% Materials 1.3% Cash & Other Securities 1.9%
Top Holdings-
MLPs2
Energy Transfer Equity, LP 4.3% Enterprise Products Partners, LP
3.9% Susser Petroleum Partners, LP 1.5% DCP Midstream Partners, LP
1.4% Summit Midstream Partners, LP 1.2%
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% EPR Properties 0.9%
Hospitality Properties Trust 0.7%
Top
Holdings-Equities2
United Tech 7.5% 8/1/15 4.0% Och-Ziff Capital Mngmnt 2.8% Ares
Capital Corp 2.5% Verizon Communications Inc 2.5% Metlife Inc 2.5%
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets3
$436,324,228
Net Assets
$334,665,470
Loans
22.92%
Preferred Shares
0.00%
Reverse Repos
0.00%
Market Price
$16.91
NAV
$18.61
(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,
212-805-6036mrosati@leggmason.com
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