LMP Capital and Income (NYSE:SCD)
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From Jul 2019 to Jul 2024
LMP Capital and Income Fund Inc., which is listed on the New York Stock
Exchange under the symbol “SCD”,
announced today distributions of $0.1400 per common share per month for
October and November 2007.
The distribution schedule and amounts for the months of October and
November 2007 appear below:
Month Ex-Date Record Date Payable Date Amount
October 10/17/2007 10/19/2007 10/26/2007 $0.1400
November 11/20/2007 11/23/2007 11/30/2007 $0.1400
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 month,
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 terminate or suspend the managed distribution
policy at any time. Any such termination or suspension could have an
adverse effect on the market price of the Fund's shares.
Based on the Fund's accounting records, as of the date of this press
release, the Fund estimates that approximately 20.65% of the cumulative
fiscal year-to-date distributions through November 2007 are sourced from
short-term capital gains and 79.35% are sourced from long-term capital
gains. If the Fund pays a distribution from sources other than net
investment income, the estimated components of each distribution will be
provided to shareholders of record in a notice accompanying the payment
of the distribution.
Please note that this press release should not be used for tax reporting
purposes and is being provided to announce the amount of the Fund's
distributions that have been declared by the Board of Directors. In
early 2008, after definitive information is available, the Fund will
send shareholders a Form 1099-DIV specifying, if applicable, how the
distributions paid by the Fund during the calendar year 2007 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 and is sub-advised by ClearBridge Advisors, LLC, and
Western Asset Management Company and Western Asset Management Company
Limited, affiliates of the adviser.
For more information about the Fund, please call 1-888-777-0102 or
consult the Fund's web site at www.leggmason.com.