NEW YORK--(BUSINESS WIRE)--LMP Capital and Income Fund Inc. (NYSE:SCD) announces its portfolio composition as of December 31, 2015.
Investment Objective: The Fund’s Investment objective is total return with an emphasis on income.
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Portfolio Composition1: |
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Asset Allocation |
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Common Stocks |
44.7% |
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Energy MLPs |
22.0% |
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REITs |
19.2% |
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Convertible Preferred Stocks |
12.4% |
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Cash |
1.8% |
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Equity Sector Allocation2 |
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| Energy - MLPs | 22.0% | |||
| Financials - REITs | 19.2% | |||
| Financials - Other | 13.5% | |||
| Health Care | 7.9% | |||
| Utilities | 7.6% | |||
| Information Technology | 7.3% | |||
| Industrials | 6.0% | |||
| Telecommunication Services | 5.4% | |||
| Consumer Staples | 3.1% | |||
| Consumer Discretionary | 2.7% | |||
| Energy - Other | 2.7% | |||
| Materials | 0.8% | |||
| Cash & Other Securities | 1.8% | |||
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Top Holdings-Equities2 |
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| Lockheed Martin Corp | 3.3% | |||
| Kimberly-Clark Co. | 2.3% | |||
| Weyerhaeuser Co. Pfd | 2.2% | |||
| Verizon Communications Inc. | 2.2% | |||
| Dominion Resources, Inc. | 2.1% | |||
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Top Holdings- MLPs2 |
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| Enterprise Products Partners, LP | 3.0% | |||
| Energy Transfer Partners, LP | 2.6% | |||
| Buckeye Partners, LP | 1.8% | |||
| Magellan Midstream Partners LP | 1.2% | |||
| Williams Partners LP | 1.1% | |||
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Top Holdings- REITs2 |
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| Starwood Property Trust Inc | 2.6% | |||
| Welltower Inc. | 2.1% | |||
| EPR Properties | 1.3% | |||
| Annaly Capital Management, Inc. | 1.1% | |||
| Hospitality Properties Trust | 1.1% | |||
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Portfolio Statistics: |
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Inception Date |
February 24, 2004 | |||
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Inception Price |
$20.00 | |||
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Total Assets3 |
$340,965,525 | |||
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Net Assets |
$265,541,864 | |||
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Loans4 |
22.00% | |||
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Preferred Shares4 |
0.00% | |||
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Reverse Repos4 |
0.00% | |||
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Market Price |
$12.37 | |||
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NAV |
$14.77 | |||
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(Daily NAV is available on market quotation systems using the symbol XSCDX.) |
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Distribution Rate5 |
$0.3100 per share | |||
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Frequency |
Quarterly | |||
1 Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. Negative allocations and allocations in excess of 100%, if any, are primarily due to the Fund's unsettled trade activity.
2 Percentage based on the Equity sleeve of the portfolio.
3 The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.
4 Percentages based on total assets.
5 Pursuant to its managed distribution policy, the Fund intends to make regular quarterly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any quarterly distribution, the value of the Fund’s net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may modify, terminate or suspend the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such modification termination or suspension could have an adverse effect on the market price for the Fund's shares.
LMP 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 ClearBridge Investments, LLC, Western Asset Management Company and Western Asset Management Company Limited, affiliates of the advisor.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price.
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 Fund.
For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
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