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SCD LMP Capital and Income Fund Inc

15.67
0.13 (0.84%)
After Hours
Last Updated: 21:00:06
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
  0.13 0.84% 15.67 15.69 15.53 15.53 52,312 21:00:06

Salomon Brothers Capital and Income Fund Inc. Announces Name Change to LMP Capital and Income Fund Inc.

21/09/2006 9:00pm

Business Wire


LMP Capital and Income (NYSE:SCD)
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Salomon Brothers Capital and Income Fund Inc., which is traded on the New York Stock Exchange under the symbol "SCD," announced today a name change to LMP Capital and Income Fund Inc. effective with the opening of trading on Monday, October 9, 2006. The Fund will continue to trade under its existing New York Stock Exchange symbol "SCD." The CUSIP number for LMP Capital and Income Fund Inc. will be as follows: -- Common Stock: 50208A102 The renaming of Salomon Brothers Capital and Income Fund Inc. follows Legg Mason's acquisition of substantially all of Citigroup's asset management business in December 2005. Following that transaction, Legg Mason announced plans to integrate and streamline mutual funds included in the Citigroup transaction. Salomon Brothers 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 CAM North America, LLC and Western Asset Management Company, affiliates of the adviser. ClearBridge Advisors is the US equity group created from the former Citigroup Asset Management, and its advisory services are provided by CAM North America LLC, Salomon Brothers Asset Management Inc and other affiliated advisory entities. The cornerstone of the firm's investing philosophy focuses on bottom-up security selection process and fundamental research focused on companies with solid economic returns relative to their risk-adjusted valuations. Through its affiliated investment advisors, ClearBridge Advisors managed more than $112 billion in assets as of June 30, 2006 and offers clients a variety of investments, including mutual funds, variable annuity portfolios, 529 plans and separately managed accounts. Western Asset is one of the world's premier fixed income managers. With offices in Pasadena, New York, London, Tokyo, Singapore, Hong Kong, Melbourne and Sao Paulo, Western Asset offers institutional and retail clients a full range of fixed income products. By devoting all of its resources to fixed income, Western Asset is able to provide a full commitment to its clients in every area of the firm. This focused approach has generated superior returns in products with a variety of risk disciplines. Western Asset's long performance track record and global presence has them positioned to continue their commitment to excellence in fixed income investment management and client service. As of June 30, 2006, Western Asset had $511.7 billion in assets under management. Legg Mason is a global asset management firm, structured as a holding company, with on-the-ground asset management capabilities around the world. As of June 30, 2006, its assets under management aggregated approximately $855 billion. The firm is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (NYSE:LM). For more information, call 1-888-777-0102, or log on to the Fund's website at www.leggmason.com/InvestorServices. Note: "Salomon Brothers" is a service mark of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup.

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