LMP Capital and Income Fund Inc. Announces Preliminary Results of Transferable Rights Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: Newsfilter
Rights Offering Completion: LMP Capital and Income Fund Inc. has completed its transferable rights offering, resulting in the issuance of approximately 5.7 million shares of common stock and expected gross proceeds of around $87 million. The subscription price was set at $15.20 per share.
Investment Management Background: Franklin Templeton, the parent company of the Fund, is a global investment management organization with over 75 years of experience and $1.60 trillion in assets under management, providing various investment solutions across multiple asset classes.
Analyst Views on SCD
Wall Street analysts forecast SCD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About SCD
LMP Capital and Income Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is total return with an emphasis on income. Under normal market conditions, the Fund seeks to maximize total return by investing at least 80% of its managed assets in a range of equity and fixed income securities of both United States and foreign issuers. The Fund may invest without limit in the securities of master limited partnerships (MLPs), so long as no more than 25% of its total assets are invested in MLPs that are treated as qualified publicly traded partnerships for United States federal income tax purposes. The Fund invests in securities and distributes dividends from net investment income and net realized gains, which are paid in cash and may be reinvested at the discretion of shareholders. Its investment manager is Legg Mason Partners Fund Advisor, LLC. ClearBridge Investments, LLC is the subadvisor of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
