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Salomon Brothers Capital and Income Fund Inc. Announces Share
Repurchase Program
NEW YORK, May 17 /PRNewswire-FirstCall/ -- The Board of Directors of Salomon
Brothers Capital and Income Fund Inc. (the "Fund"), which is listed on the New
York Stock Exchange under the symbol "SCD," today announced that it has
authorized the Fund to repurchase from time to time in the open market up to
1,000,000 shares of the Fund's common stock. The Board of Directors directed
the management of the Fund to repurchase shares of the Fund's common stock at
such times and in such amounts as management believes will enhance shareholder
value, subject to review by the Fund's Board of Directors.
Salomon Brothers Capital and Income Fund Inc., a non-diversified closed-end
investment company, is managed by Salomon Brothers Asset Management Inc, an
indirect wholly owned subsidiary of Citigroup Inc.
For more information about the Fund, call 1-888-777-0102 or consult the Fund's
web site at http://www.sbam.com/.
This press release may contain statements regarding plans and expectations for
the future that constitute forward-looking statements within the Private
Securities Litigation Reform Act of 1995. All statements other than statements
of historical fact are forward-looking and can be identified by the use of
words such as "may," "will," "expect," "anticipate," "estimate," "believe,"
"continue" or other similar words. Such forward-looking statements are based on
the Fund's current plans and expectations, and are subject to risks and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements. Additional information concerning
such risks and uncertainties are contained in the Fund's filings with the
Securities and Exchange Commission.
DATASOURCE: Salomon Brothers Capital and Income Fund Inc.
CONTACT: Brenda Grandell, Director, Closed-End Funds, +1-212-291-3775,
Media Relations - Edward Giltenan, Head of Public Relations, +1-212-559-6746,
both of Citigroup Asset Management
Web site: http://www.sbam.com/