LMP Capital and Income Fund (SCD) Stock

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The LMP Capital and Income Fund offers a high-income yield of 7.96%, along with a very strong performance history in recent years. The fund's strategy of favoring equities over fixed-income securities is advantageous in an inflationary environment, providing better protection and higher returns. The fund does not do very much trading, but it appears to have done some profit-taking in Apple over the summer.

LMP Capital and Income Fund offers a fairly diversified portfolio but with a tilt toward more unique allocations emphasizing technology and energy sectors. The fund has outperformed the S&P 500 Index since our last update, but long-term performance has been mixed as energy struggled for years. The fund shifted to a monthly distribution schedule since our last update, which is generally more favorable to income-focused investors.

LMP Capital and Income Fund Inc is mostly an equity fund that is focused on energy (MLPs) and technology stocks. However, shares had a decent run in 2024 with nearly 17% total return year-to-date, making them a bit overvalued. The SCD closed-end fund currently provides a reasonably high yield of 8.7% plus; however, it uses a moderate level of leverage, roughly 20% of total assets. SCD has a decent long-term record of over 20 years. Moreover, it has outperformed most similar funds during the last 3, 5, and 10 years. Having an outsized exposure to technology stocks and energy via MLPs at the same time gives it a unique blend of income and growth, at the same time.

LMP Capital and Income Fund offers high current income from equities with an 8.75% yield, higher than most market indices. The fund invests in equities, providing inflation protection, but its yield is lower compared to peers in the Hybrid-Global Allocation category. The Fund's leverage is reasonable at 19.95% of assets, distributions are sustainable, and shares trade at an 8.69% discount to net asset value.

NEW YORK--(BUSINESS WIRE)--Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: ClearBridge Peter Vanderlee Patrick McElroy Tatiana Thibodeau Eades Western Asset Michael Buchanan Ryan Brist Christopher Kilpatrick Mark Lindbloom Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund. Data and commentary provided in this press release are for informational purposes only. Franklin Resourc.

LMP Capital and Income Fund has shown impressive performance, surpassing both the benchmark and peer group. The fund's portfolio is strategically positioned to handle the current macroeconomic conditions, with a favorable sector exposure. Although the fund's discount to NAV is at historical highs, which may increase vulnerability, it is still recommended to monitor closely.

LMP Capital and Income Fund Inc is a unique closed-end fund that invests in a combination of common stocks, fixed-income securities, and specialized business structures. The fund has a current yield of 9.44%, significantly higher than other equity closed-end funds on the market. The fund's performance has been reasonable, with a 3.61% gain since December 2023, but it has underperformed the S&P 500 Index.

LMP Capital and Income Fund offers a high yield of 9.94% and exposure to common stocks, making it appealing to income-focused investors. The fund's performance has been reasonable, with a 5.98% return since the previous article was published. The fund's portfolio includes master limited partnerships and high-yielding dividend-paying stocks, providing diversification and potential for high income.