LMP Capital and Income Fund Inc. as of December 31, 2010
February 02 2011 - 8:30AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) announces its
portfolio composition as of December 31, 2010.
Investment Objective: The Fund’s Investment objective is
total return with an emphasis on income.
Portfolio
Composition1:
Asset
Allocation
Equities
83.9%
Investment Grade Corporate
Bonds
8.9%
Mortgage-Backed Securities
4.0%
Government
2.3%
Cash & Other Securities
0.9%
Equity Sector
Allocation2
Financials 14.2% Utilities 10.8% Consumer Staples 10.3% Energy 9.9%
Industrials 9.6% Telecommunication Services 7.2% Consumer
Discretionary 6.6% Health Care 5.6% Information Technology 5.1%
Materials 3.3% Other 0.1%
Top Ten Equity
Holdings2
Verizon Communications Inc. 3.1% Spectra Energy Corp. 3.0% H.J.
Heinz Co. 3.0% Procter & Gamble Co. 2.9% NextEra Energy Inc.
2.7% Total SA 2.6% Johnson & Johnson 2.6% Annaly Capital
Management Inc. 2.6% Kimberly-Clark Corp. 2.6% Waste Management
Inc. 2.5%
Fixed Income
Credit Quality Allocation3, 4
AAA 62.5% AA 5.0% A 10.5% BBB 7.3% B 7.3% CCC 13.0% CC 0.8% C 0.9%
NR -7.2%
Fixed Income –
Statistics4
Average Life (years)
7.8
Effective Duration (years)
5.2
Average Coupon (%)
4.2
Portfolio
Statistics:
Inception Date
February 24, 2004
Inception Price
$20.00
Total Assets5
$518,635,158
Net Assets
$418,635,158
Loans2
19.28%
Preferred Shares2
0.00%
Reverse Repos2
0.00%
Market Price
$12.45
NAV
$13.70
(Daily NAV is available on market
quotation systems using the symbol XSCDX.)
Distribution Rate6
$0.1500 per share
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% are primarily due to the Fund's unsettled trade
activity. 2 Percentage based on the total portfolio.
3
Credit quality is a measure of a bond
issuer's ability to repay interest and principal in a timely
manner. The credit ratings shown are based on each portfolio
security's rating as provided by Standard and Poor's, Moody's
Investors Service and/or Fitch Ratings, Ltd. For this purpose, if
two or more of the agencies have assigned differing ratings to a
security, the highest rating is used. Securities that are unrated
by all three agencies are reflected as such. The credit quality of
the investments in the Fund's portfolio does not apply to the
stability or safety of the Fund. These ratings are updated monthly
and may change over time. Please note, the Fund itself has not
been rated by an independent rating agency.
4 Percentage based on the portion of the portfolio managed
by Western Asset. 5 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. 6 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 distribution, the total of 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 terminate the managed distribution policy at
any time, including when certain events would make part of any
return of capital taxable to shareholders. Any such termination
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 Advisors, LLC and Western Asset
Management Company, 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 Relations at
888-777-0102, or consult the Fund’s web site at
www.leggmason.com/cef.
FN1011962
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