LMP Capital and Income Fund Inc. (“SCD”) Announces Quarterly Distribution for June 2009

LMP Capital and Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "SCD," today announced a quarterly distribution of $0.1300 per common share payable in June 2009.

The distribution schedule appears below:

Month

        
        
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Ex-Date

        
        
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Record Date

        
        
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Payable Date

        
        
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Amount

        
      
      
        
          June
        
        
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          06/17/2009
        
        
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          06/19/2009
        
        
          �
        
        
          �
        
        
          06/26/2009
        
        
          �
        
        
          �
        
        
          $0.1300
        
      
    
    

The Board of Directors of the Fund has approved an annual distribution rate for the 2009 calendar year of a minimum of approximately 5% of the net asset value of the Fund as of the close of trading on December 31, 2008. Based on the Fund�s net asset value of $10.09 per share as of the close of trading on December 31, 2008, this equates to a quarterly distribution rate of $0.1300 per share for calendar year 2009. The Fund may make additional distributions as necessary to meet certain tax requirements.

Under the terms of the Fund's managed distribution policy, the Fund will seek to maintain a consistent quarterly distribution level stated as a fixed percentage of its December 31, 2008 net asset value per share, 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 quarterly 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 as a dividend; rather it reduces a shareholder's tax basis in his or her shares of the Fund with any balance in excess of the tax basis treated as a capital gain.

The Board of Directors may reduce the Fund's quarterly distribution rate in the future or terminate or suspend the managed distribution policy at any time. Any such reduction in the quarterly distribution rate, 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 100% of the cumulative distributions through June 2009 are sourced from net investment income. The estimated components of each distribution will be provided to shareholders of record in a separate notice.

Please note that neither this press release nor the separate notice should be used for tax reporting purposes and that each is being provided to announce the amount and estimated source of the Fund's distributions that have been declared by the Board of Directors. In early 2010, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year 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, affiliates of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund�s web site at www.leggmason.com/cef.