LMP Capital and Income Fund Inc. Portfolio Composition as of June 30, 2015
July 29 2015 - 7:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE:SCD) announces its
portfolio composition as of June 30, 2015.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio
Composition1:
Asset
Allocation
Common Stocks
47.8%
Energy MLPs
20.1%
REITs
16.2%
Convertible Preferred Stocks
15.7%
Cash
0.3%
Equity Sector
Allocation2
Energy - MLPs 20.1% Financials - Other 18.1% Financials - REITs
16.2% Industrials 11.3% Utilities 8.1% Health Care 6.4% Information
Technology 6.2% Telecommunication Services 5.4% Energy - Other 2.9%
Consumer Discretionary 2.7% Consumer Staples 1.5% Materials 0.8%
Cash & Other Securities 0.3%
Top
Holdings-Equities2
United Tech 7.5% 8/1/15 4.0% Och-Ziff Capital Mngmnt 3.7% Lockheed
Martin Corp 2.9% Tal International Grp 2.3% The Blackstone Grp, LP
2.2%
Top Holdings-
MLPs2
Energy Transfer Equity, LP 2.7% Enterprise Products Partners, LP
2.5% Plains GP Holdings, LP 1.8% Energy Transfer Partners, LP 1.2%
Hoegh LNG Partners, LP 1.0%
Top Holdings-
REITs2
Starwood Property Trust Inc 2.1% Health Care REIT 6.5% Ser I Cnv
Pfd 1.9% EPR Properties 1.1% Annaly Capital Management, Inc. 1.0%
Hospitality Properties Trust 0.9%
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets3
$368,625,145
Net Assets
$311,666,791
Loans
14.92%
Preferred Shares
0.00%
Reverse Repos
0.00%
Market Price
$15.08
NAV
$17.33
(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 Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
FN1112223
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version on businesswire.com: http://www.businesswire.com/news/home/20150729005252/en/
For LMP Capital and Income Fund Inc.Maria Rosati,
1-212-805-6036mrosati@leggmason.com
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