ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SCD LMP Capital and Income Fund Inc

15.625
0.085 (0.55%)
Last Updated: 16:30:40
Delayed by 15 minutes
Share Name Share Symbol Market Type
LMP Capital and Income Fund Inc NYSE:SCD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.085 0.55% 15.625 15.651 15.53 15.53 8,564 16:30:40

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribu...

15/02/2018 1:00pm

Business Wire


LMP Capital and Income (NYSE:SCD)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more LMP Capital and Income Charts.

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.

The following dates apply to the distribution schedule below:

                  Month       Record Date       Ex-Dividend Date       Payable Date March       3/23/2018       3/22/2018       4/02/2018 April       4/20/2018       4/19/2018       5/01/2018 May       5/25/2018       5/24/2018       6/01/2018                       Ticker     Fund Name     Month     Amount          

Change fromPreviousDistribution

SCD LMP Capital and Income Fund Inc.1 Mar $0.31000 a -                                 BWG BrandywineGLOBAL - Global Income Opportunities Fund Inc. 1 Mar $0.07650 - Apr $0.07650             May     $0.07650             EMD Western Asset Emerging Markets Debt Fund Inc. 1 Mar $0.10000 - Apr $0.10000             May     $0.10000            

1 – Please see table below for each Fund’s estimated source of distributions.a Quarterly paying distribution.

Under the terms of each Fund’s managed distribution policy, the Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund’s investment portfolio. Shareholders should note that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distributions paid, the difference will be distributed from the Fund's assets and may constitute a return of the shareholder’s capital. The Board of Directors may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund’s shares.

The Fund’s distributions have been set based on the current level of income generated from the Fund’s investment portfolio and accumulated capital gains, if any. Based on the Fund's tax accounting records, which also factors in currency fluctuations, each Fund’s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

                      Fund    

FiscalYearEnd

    Income    

Short-TermCapitalGains

   

Long-TermCapitalGains

   

ReturnofCapital

    SCD     Dec 31     23.81%     -     -     76.19%   a BWG     Oct 31     -     -     -     100%   b EMD     Dec 31     100%     -     -     -   b

a Sources of cumulative fiscal year-to-date distributions are estimated through March 31, 2018.b Sources of cumulative fiscal year-to-date distributions are estimated through May 31, 2018.

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Directors. In early 2019, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each 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).

For more information about the Funds, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.

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 Funds.

Legg Mason Partners Fund Advisor, LLCMaria Rosati, 212-805-6036mrosati@leggmason.com

1 Year LMP Capital and Income Chart

1 Year LMP Capital and Income Chart

1 Month LMP Capital and Income Chart

1 Month LMP Capital and Income Chart