1. SCD's distribution per share estimated at $0.1200 for December 2025. 2. Allocation includes net investment income and capital gains estimates. 3. A portion of distributions may be a return of capital. 4. Distributions don't reflect fund's actual investment performance. 5. Managed distribution policy may impact future share prices.
FAQ
Why Bearish?
The significant return of capital could signal weaker investment performance, impacting perceived value. Historically, such distributions lead to share price declines if investors anticipate lower future growth.
How important is it?
Investors are heavily influenced by distribution patterns; high returns of capital typically prompt reconsideration of investment strategy. With uncertain performance indicators, the distribution details are particularly relevant.
Why Short Term?
Immediate effects on share price are likely due to current market reactions to expected returns. Changing investor sentiment could stabilize over time but immediate reactions often highlight concerns.
Related Companies
LMP Capital and Income Fund Inc. (NYSE:SCD)
Notification of Sources of Distributions
Pursuant to Section 19(a) of the Investment Company Act of 1940
The Fund's estimated sources of the distribution to be paid on December 31, 2025, and for the fiscal year 2025 year-to-date are as follows:
Estimated Allocations for the December Monthly Distribution as of November 30, 2025:
Distribution
|
Net Investment
|
Net Realized
|
Net Realized
|
Return of
|
$0.1200 |
$0.0965 |
$0.0000 |
$0.0235 |
$0.0000 |
100.00% |
80.41% |
0.00% |
19.59% |
0.00% |
Cumulative Estimated Allocations fiscal year-to-date as of November 30, 2025, for the fiscal year ending November 30, 2025:
Distribution
|
Net Investment
|
Net Realized
|
Net Realized
|
Return of
|
$1.4190 |
$0.3296 |
$0.0000 |
$1.0894 |
$0.0000 |
100.00% |
23.23% |
0.00% |
76.77% |
0.00% |
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Plan. SCD estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the SCD distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect SCD's investment performance and should not be confused with ‘yield' or ‘income'. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund's distributions for federal income tax purposes.
Average Annual Total
|
Annualized
|
Cumulative Total
|
Cumulative Fiscal
|
13.50% |
8.72% |
-3.59% |
8.59% |
Fund Performance and Distribution Rate Information:
- Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through November 30, 2025. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of November 30, 2025.
- Cumulative Total Return is the percentage change in the Fund's NAV from November 30, 2024 through November 30, 2025, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period November 30, 2024 through November 30, 2025, as a percentage of the Fund's NAV as of November 30, 2025.
This Fund has a managed distribution policy that seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. Distributions may be paid in part or in full from net investment income, realized capital gains and by returning capital, or a combination thereof. Shareholders should note, however, that if a Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund. The Board of Directors of the Fund may terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.
For further information on LMP Capital and Income Fund Inc.,
please visit our web site at: www.franklintempleton.com/investments/options/closed-end-funds
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.
Category: Distribution Related
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20251231253828/en/
Investor Contact: Fund Investor Services 1-888-777-0102