LMP Capital and Income Fund Inc. Announces Addition of Western Asset Management Company Limited Under Sub-Advisory Agreement
November 20 2006 - 5:00PM
Business Wire
LMP Capital and Income Fund Inc., which is traded on the New York
Stock Exchange under the symbol "SCD," announced today that the
Board of Directors of the Fund has appointed Western Asset
Management Company Limited (�Western Asset Limited�) as a
sub-adviser to the Fund under an additional sub-advisory agreement
between Western Asset Management Company (�Western Asset�) and
Western Asset Limited. Western Asset Limited will provide certain
advisory services to the Fund relating to currency transactions and
investments in non-dollar-denominated securities. The current
management fee of 0.85% will remain the same; it will not increase
due to the addition of Western Asset Limited as a sub-adviser to
the Fund, which will become effective on November 30, 2006. LMP
Capital and Income Fund Inc. is a non-diversified investment
management company advised by Legg Mason Partners Fund Advisor,
LLC, a wholly owned subsidiary of Legg Mason, Inc., and is
sub-advised by ClearBridge Advisors, LLC and Western Asset
Management Company, affiliates of the adviser. For more
information, call 1-888-777-0102, or log on to the Fund's website
at www.leggmason.com/InvestorServices. LMP Capital and Income Fund
Inc., which is traded on the New York Stock Exchange under the
symbol "SCD," announced today that the Board of Directors of the
Fund has appointed Western Asset Management Company Limited
("Western Asset Limited") as a sub-adviser to the Fund under an
additional sub-advisory agreement between Western Asset Management
Company ("Western Asset") and Western Asset Limited. Western Asset
Limited will provide certain advisory services to the Fund relating
to currency transactions and investments in non-dollar-denominated
securities. The current management fee of 0.85% will remain the
same; it will not increase due to the addition of Western Asset
Limited as a sub-adviser to the Fund, which will become effective
on November 30, 2006. LMP Capital and Income Fund Inc. is a
non-diversified investment management company advised by Legg Mason
Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., and is sub-advised by ClearBridge Advisors, LLC and
Western Asset Management Company, affiliates of the adviser. For
more information, call 1-888-777-0102, or log on to the Fund's
website at www.leggmason.com/InvestorServices.
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