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.