LMP Capital and Income Fund Inc. Announces Preliminary Results of Tender Offer
March 30 2012 - 8:00AM
Business Wire
LMP Capital and Income Fund Inc. (NYSE: SCD) (the “Fund”)
announced today that the Fund’s tender offer for up to 946,492
shares of its issued and outstanding shares of common stock,
representing approximately 5% of the Fund’s outstanding shares,
expired on March 29, 2012, at 5:00 p.m., New York City time.
Based on current information, approximately 4,050,579 shares
were duly tendered, including shares tendered pursuant to notices
of guaranteed delivery. This number is subject to adjustment and
should not be considered as final. Payment for such shares will be
made on or about April 5, 2012. The purchase price of properly
tendered shares is $13.70 per share, equal to 98% of the per share
net asset value of $13.97 as of the close of the regular trading
session of the New York Stock Exchange on March 29, 2012.
The Fund is a non-diversified closed-end management investment
company traded on the New York Stock Exchange under the symbol
"SCD”. It is advised by Legg Mason Partners Fund Advisor, LLC, a
wholly owned subsidiary of Legg Mason, Inc. (“Legg Mason”) and is
sub-advised by ClearBridge Advisors, LLC and Western Asset
Management Company, affiliates of the adviser.
For more information, please contact the Fund at 1-888-777-0102
or consult the Fund’s web site at www.leggmason.com/cef.
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.
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.
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