LMP Capital and Income Fund Inc. Announces Financial Position as of March 31, 2009

LMP Capital and Income Fund Inc., which is listed on the New York Stock Exchange under the symbol “SCD”, today announced the financial position of the Fund as of March 31, 2009.

Current Qtr

Qtr ended

Qtr ended

March 31, 2009*

October 31, 2008

January 31, 2008

        
      
      
        
           
        
      
      
        
          Total Assets (a)
        
        
        
        
        
        
        
        
          $366,766,728
        
        
        
        
        
        
        
        
          $502,371,599
        
        
        
        
        
        
        
        
          $809,149,284
        
      
      
        
          Total Net Assets (a)
        
        
        
        
        
        
        
        
          $278,953,375
        
        
        
        
        
        
        
        
          $335,587,913
        
        
        
        
        
        
        
        
          $563,440,249
        
      
      
        
          NAV Per Share of Common Stock (b)
        
        
        
        
        
        
        
        
          $9.31
        
        
        
        
        
        
        
        
          $11.20
        
        
        
        
        
        
        
        
          $18.80
        
      
      
        
          Market Price Per Share
        
        
        
        
        
        
        
        
          $6.96
        
        
        
        
        
        
        
        
          $9.07
        
        
        
        
        
        
        
        
          $17.51
        
      
      
        
          Premium / (Discount)
        
        
        
        
        
        
        
        
          (25.24)%
        
        
        
        
        
        
        
        
          (19.02)%
        
        
        
        
        
        
        
        
          (6.86)%
        
      
      
        
          Outstanding Shares
        
        
        
        
        
        
        
        
          29,964,106
        
        
        
        
        
        
        
        
          29,964,106
        
        
        
        
        
        
        
        
          29,964,106
        
      
      
        
           
        
      
      
        
          Total Net Investment Income (c)
        
        
        
        
        
        
        
        
          $3,772,752
        
        
        
        
        
        
        
        
          $2,829,207
        
        
        
        
        
        
        
        
          $354,885
        
      
      
        
          Total Net Investment Income Per Share (c)
        
        
        
        
        
        
        
        
          $0.13
        
        
        
        
        
        
        
        
          $0.09
        
        
        
        
        
        
        
        
          $0.01
        
      
      
        
          Total Net Realized/Unrealized Gain/(Loss) (c)
        
        
        
        
        
        
        
        
          $(23,021,628)
        
        
        
        
        
        
        
        
          $(161,453,857)
        
        
        
        
        
        
        
        
          $(66,244,730)
        
      
      
        
          Total Net Realized/Unrealized Gain/(Loss) Per Share (c)
        
        
        
        
        
        
        
        
          $(0.77)
        
        
        
        
        
        
        
        
          $(5.39)
        
        
        
        
        
        
        
        
          $(2.21)
        
      
      
        
          Undistributed/(Overdistributed) Net Investment Income (d)
        
        
        
        
        
        
        
        
          $4,740,369
        
        
        
        
        
        
        
        
          $9,656,195
        
        
        
        
        
        
        
        
          $1,513,232
        
      
      
        
          Undistributed/(Overdistributed) Net Investment Income
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Per Share (d)
        
        
        
        
        
        
        
        
          $0.16
        
        
        
        
        
        
        
        
          $0.32
        
        
        
        
        
        
        
        
          $0.05
        
      
    
    
      
        
          Footnotes:
        
      
      
        
          (a)
        
        
           
        
        
           
        
        
          The difference between total assets and total net assets is due 
          primarily to the Fund’s use of borrowings; total net assets do not 
          include borrowings.
        
      
      
        
          (b)
        
        
        
        
        
        
          NAVs are calculated as of the close of business on the last business 
          day in the periods indicated above.
        
      
      
        
          (c)
        
        
        
        
        
        
          For the quarter indicated.
        
      
      
        
          (d)
        
        
        
        
        
        
          As of the period indicated above.
        
      
      
        
          *
        
        
        
        
        
        
          Effective November 1st 2008, the Fund’s fiscal year-end 
          changed from October 31 to December 31.
        
      
    
    

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

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 Advisors, LLC, Western Asset Management Company, and Western Asset Management Company Limited, affiliates of the adviser.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.