UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21467
LMP Capital and Income Fund Inc
(Exact name of registrant as specified in charter)
620 Eighth Avenue, 49th Floor, New York, NY 10018
(Address of principal executive offices) (Zip code)
Robert I. Frenkel, Esq.
Legg Mason & Co., LLC
100 First Stamford Place
Stamford, CT 06902
(Name and address of agent for service)
Registrant’s telephone number, including area code: (888)777-0102
Date of fiscal year end: November 30
Date of reporting period: February 29, 2016
| ITEM 1. | SCHEDULE OF INVESTMENTS. |
LMP CAPITAL AND INCOME FUND INC.
FORM N-Q
FEBRUARY 29, 2016
LMP CAPITAL AND INCOME FUND INC.
| Schedule of investments (unaudited) | February 29, 2016 |
| SECURITY |
SHARES | VALUE | ||||||
| COMMON STOCKS - 67.7% | ||||||||
| CONSUMER DISCRETIONARY - 3.9% | ||||||||
| Media - 3.9% |
||||||||
| National CineMedia Inc. |
167,000 | $ | 2,496,650 | (a) | ||||
| Regal Entertainment Group, Class A Shares |
353,000 | 6,950,570 | (a) | |||||
|
|
|
|||||||
| TOTAL CONSUMER DISCRETIONARY |
9,447,220 | |||||||
|
|
|
|||||||
| CONSUMER STAPLES - 4.4% | ||||||||
| Household Products - 4.4% |
||||||||
| Kimberly-Clark Corp. |
60,000 | 7,818,000 | (a) | |||||
| Procter & Gamble Co. |
38,000 | 3,051,020 | ||||||
|
|
|
|||||||
| TOTAL CONSUMER STAPLES |
10,869,020 | |||||||
|
|
|
|||||||
| FINANCIALS - 21.0% | ||||||||
| Real Estate Investment Trusts (REITs) - 21.0% |
||||||||
| Alexandria Real Estate Equities Inc. |
21,000 | 1,662,360 | ||||||
| American Capital Agency Corp. |
136,000 | 2,457,520 | (a) | |||||
| Annaly Capital Management Inc. |
339,000 | 3,434,070 | (a) | |||||
| AvalonBay Communities Inc. |
5,600 | 961,184 | ||||||
| Camden Property Trust |
12,000 | 896,880 | (a) | |||||
| DCT Industrial Trust Inc. |
37,500 | 1,357,125 | (a) | |||||
| DuPont Fabros Technology Inc. |
23,800 | 848,470 | ||||||
| EPR Properties |
76,700 | 4,773,041 | (a) | |||||
| Equity Residential |
32,500 | 2,420,925 | ||||||
| Highwoods Properties Inc. |
26,000 | 1,132,300 | (a) | |||||
| Hospitality Properties Trust |
140,500 | 3,411,340 | (a) | |||||
| Inland Real Estate Corp. |
185,000 | 1,961,000 | (a) | |||||
| Kilroy Realty Corp. |
24,000 | 1,302,480 | (a) | |||||
| Liberty Property Trust |
49,000 | 1,415,120 | (a) | |||||
| Ramco-Gershenson Properties Trust |
132,000 | 2,217,600 | (a) | |||||
| Regency Centers Corp. |
22,000 | 1,552,760 | (a) | |||||
| Retail Properties of America Inc., Class A Shares |
155,000 | 2,276,950 | (a) | |||||
| Senior Housing Properties Trust |
61,000 | 952,210 | (a) | |||||
| Simon Property Group Inc. |
18,610 | 3,530,875 | (a) | |||||
| Spirit Realty Capital Inc. |
272,386 | 2,911,807 | (a) | |||||
| Starwood Property Trust Inc. |
396,000 | 6,945,840 | (a) | |||||
| STORE Capital Corp. |
52,500 | 1,267,875 | ||||||
| Urstadt Biddle Properties Inc., Class A Shares |
85,000 | 1,680,450 | (a) | |||||
|
|
|
|||||||
| TOTAL FINANCIALS |
51,370,182 | |||||||
|
|
|
|||||||
| HEALTH CARE - 9.4% | ||||||||
| Pharmaceuticals - 9.4% |
||||||||
| AstraZeneca PLC, ADR |
30,000 | 860,100 | ||||||
| Bristol-Myers Squibb Co. |
100,000 | 6,193,000 | (a) | |||||
| GlaxoSmithKline PLC, ADR |
67,000 | 2,590,890 | (a) | |||||
| Johnson & Johnson |
31,000 | 3,261,510 | (a) | |||||
| Merck & Co. Inc. |
113,000 | 5,673,730 | (a) | |||||
| Pfizer Inc. |
147,900 | 4,388,193 | (a) | |||||
|
|
|
|||||||
| TOTAL HEALTH CARE |
22,967,423 | |||||||
|
|
|
|||||||
| INDUSTRIALS - 6.6% | ||||||||
| Aerospace & Defense - 4.8% |
||||||||
| Lockheed Martin Corp. |
54,000 | 11,652,660 | (a) | |||||
|
|
|
|||||||
| Electrical Equipment - 0.4% |
||||||||
| Emerson Electric Co. |
18,000 | 878,940 | ||||||
|
|
|
|||||||
| Industrial Conglomerates - 1.1% |
||||||||
| General Electric Co. |
94,000 | 2,739,160 | (a) | |||||
|
|
|
|||||||
| Transportation Infrastructure - 0.3% |
||||||||
| Macquarie Infrastructure Corp. |
13,500 | 824,175 | ||||||
|
|
|
|||||||
| TOTAL INDUSTRIALS |
16,094,935 | |||||||
|
|
|
|||||||
See Notes to Schedule of Investments.
1
LMP CAPITAL AND INCOME FUND INC.
| Schedule of investments (unaudited) (cont’d) | February 29, 2016 |
| SECURITY |
SHARES | VALUE | ||||||||||||
| INFORMATION TECHNOLOGY - 10.4% | ||||||||||||||
| Communications Equipment - 0.5% |
||||||||||||||
| Cisco Systems Inc. |
43,000 | $ | 1,125,740 | |||||||||||
|
|
|
|||||||||||||
| IT Services - 0.6% |
||||||||||||||
| Paychex Inc. |
29,000 | 1,490,310 | ||||||||||||
|
|
|
|||||||||||||
| Semiconductors & Semiconductor Equipment - 3.2% |
||||||||||||||
| Intel Corp. |
152,500 | 4,512,475 | (a) | |||||||||||
| Maxim Integrated Products Inc. |
67,000 | 2,268,620 | (a) | |||||||||||
| Microchip Technology Inc. |
25,000 | 1,112,250 | ||||||||||||
|
|
|
|||||||||||||
| Total Semiconductors & Semiconductor Equipment |
7,893,345 | |||||||||||||
|
|
|
|||||||||||||
| Software - 2.5% |
||||||||||||||
| Microsoft Corp. |
123,000 | 6,258,240 | (a) | |||||||||||
|
|
|
|||||||||||||
| Technology Hardware, Storage & Peripherals - 3.6% |
||||||||||||||
| Apple Inc. |
13,500 | 1,305,315 | ||||||||||||
| Seagate Technology PLC |
236,000 | 7,400,960 | (a) | |||||||||||
|
|
|
|||||||||||||
| Total Technology Hardware, Storage & Peripherals |
8,706,275 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL INFORMATION TECHNOLOGY |
25,473,910 | |||||||||||||
|
|
|
|||||||||||||
| MATERIALS - 0.6% | ||||||||||||||
| Containers & Packaging - 0.6% |
||||||||||||||
| International Paper Co. |
43,000 | 1,535,100 | ||||||||||||
|
|
|
|||||||||||||
| TELECOMMUNICATION SERVICES - 7.7% | ||||||||||||||
| Diversified Telecommunication Services - 6.3% |
||||||||||||||
| AT&T Inc. |
206,000 | 7,611,700 | (a) | |||||||||||
| Verizon Communications Inc. |
153,000 | 7,761,690 | (a) | |||||||||||
|
|
|
|||||||||||||
| Total Diversified Telecommunication Services |
15,373,390 | |||||||||||||
|
|
|
|||||||||||||
| Wireless Telecommunication Services - 1.4% |
||||||||||||||
| Vodafone Group PLC, ADR |
111,000 | 3,374,400 | (a) | |||||||||||
|
|
|
|||||||||||||
| TOTAL TELECOMMUNICATION SERVICES |
18,747,790 | |||||||||||||
|
|
|
|||||||||||||
| UTILITIES - 3.7% | ||||||||||||||
| Electric Utilities - 3.2% |
||||||||||||||
| Great Plains Energy Inc. |
114,000 | 3,344,760 | (a) | |||||||||||
| PPL Corp. |
128,000 | 4,478,720 | (a) | |||||||||||
|
|
|
|||||||||||||
| Total Electric Utilities |
7,823,480 | |||||||||||||
|
|
|
|||||||||||||
| Multi-Utilities - 0.5% |
||||||||||||||
| CenterPoint Energy Inc. |
69,000 | 1,285,470 | ||||||||||||
|
|
|
|||||||||||||
| TOTAL UTILITIES |
9,108,950 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL COMMON STOCKS |
165,614,530 | |||||||||||||
|
|
|
|||||||||||||
| RATE | ||||||||||||||
| CONVERTIBLE PREFERRED STOCKS - 15.5% | ||||||||||||||
| ENERGY - 1.9% | ||||||||||||||
| Oil, Gas & Consumable Fuels - 1.9% |
||||||||||||||
| Anadarko Petroleum Corp. |
7.500 | % | 157,000 | 4,699,010 | ||||||||||
|
|
|
|||||||||||||
| FINANCIALS - 6.7% | ||||||||||||||
| Real Estate Investment Trusts (REITs) - 6.7% |
||||||||||||||
| American Tower Corp. |
5.250 | % | 32,000 | 3,168,000 | ||||||||||
| American Tower Corp. |
5.500 | % | 13,550 | 1,319,092 | ||||||||||
| Welltower Inc. |
6.500 | % | 82,800 | 4,821,444 | (a) | |||||||||
| Weyerhaeuser Co. |
6.375 | % | 151,000 | 7,018,480 | ||||||||||
|
|
|
|||||||||||||
| TOTAL FINANCIALS |
16,327,016 | |||||||||||||
|
|
|
|||||||||||||
See Notes to Schedule of Investments.
2
LMP CAPITAL AND INCOME FUND INC.
| Schedule of investments (unaudited) (cont’d) | February 29, 2016 |
| SECURITY |
RATE | SHARES | VALUE | |||||||||||
| HEALTH CARE - 2.7% | ||||||||||||||
| Pharmaceuticals - 2.7% |
||||||||||||||
| Allergan PLC |
5.500 | % | 7,000 | $ | 6,761,860 | |||||||||
|
|
|
|||||||||||||
| INDUSTRIALS - 0.5% | ||||||||||||||
| Machinery - 0.5% |
||||||||||||||
| Stanley Black & Decker Inc. |
6.250 | % | 11,000 | 1,176,670 | ||||||||||
|
|
|
|||||||||||||
| UTILITIES - 3.7% | ||||||||||||||
| Electric Utilities - 2.2% |
||||||||||||||
| Exelon Corp. |
6.500 | % | 121,000 | 5,366,350 | (a) | |||||||||
|
|
|
|||||||||||||
| Multi-Utilities - 1.5% |
||||||||||||||
| Dominion Resources Inc. |
6.125 | % | 67,000 | 3,630,060 | (a) | |||||||||
|
|
|
|||||||||||||
| TOTAL UTILITIES |
8,996,410 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL CONVERTIBLE PREFERRED STOCKS |
37,960,966 | |||||||||||||
|
|
|
|||||||||||||
| INVESTMENTS IN UNDERLYING FUNDS - 8.4% | ||||||||||||||
| FINANCIALS - 8.4% | ||||||||||||||
| Capital Markets - 8.4% |
||||||||||||||
| Ares Capital Corp. |
342,000 | 4,671,720 | (a)(b) | |||||||||||
| FS Investment Corp. |
350,000 | 2,957,500 | (b) | |||||||||||
| Golub Capital BDC Inc. |
300,000 | 5,001,000 | (a)(b) | |||||||||||
| TCP Capital Corp. |
331,000 | 4,607,520 | (a)(b) | |||||||||||
| TriplePoint Venture Growth BDC Corp. |
327,000 | 3,283,080 | (a)(b) | |||||||||||
|
|
|
|||||||||||||
| TOTAL INVESTMENTS IN UNDERLYING FUNDS |
20,520,820 | |||||||||||||
|
|
|
|||||||||||||
| SHARES/UNITS | ||||||||||||||
| MASTER LIMITED PARTNERSHIPS - 27.3% | ||||||||||||||
| Diversified Energy Infrastructure - 9.7% |
||||||||||||||
| Energy Transfer Equity LP |
74,000 | 518,000 | ||||||||||||
| Energy Transfer Partners LP |
366,000 | 9,761,220 | (a) | |||||||||||
| Enterprise Products Partners LP |
487,000 | 11,381,190 | (a) | |||||||||||
| Plains GP Holdings LP, Class A Shares |
285,000 | 2,166,000 | (a) | |||||||||||
|
|
|
|||||||||||||
| Total Diversified Energy Infrastructure |
23,826,410 | |||||||||||||
|
|
|
|||||||||||||
| Financials - 2.0% |
||||||||||||||
| Ares Management LP |
38,000 | 452,200 | ||||||||||||
| Blackstone Group LP |
168,000 | 4,362,960 | (a) | |||||||||||
|
|
|
|||||||||||||
| Total Financials |
4,815,160 | |||||||||||||
|
|
|
|||||||||||||
| Global Infrastructure - 0.9% |
||||||||||||||
| Brookfield Infrastructure Partners LP |
55,000 | 2,070,750 | (a) | |||||||||||
|
|
|
|||||||||||||
| Liquids Transportation & Storage - 5.6% |
||||||||||||||
| Buckeye Partners LP |
90,000 | 5,792,400 | (a) | |||||||||||
| Enbridge Energy Partners LP |
11,960 | 198,297 | ||||||||||||
| Magellan Midstream Partners LP |
65,000 | 4,392,700 | (a) | |||||||||||
| PBF Logistics LP |
98,820 | 1,729,350 | (a) | |||||||||||
| Tesoro Logistics LP |
14,513 | 605,482 | ||||||||||||
| World Point Terminals LP |
73,000 | 1,012,510 | ||||||||||||
|
|
|
|||||||||||||
| Total Liquids Transportation & Storage |
13,730,739 | |||||||||||||
|
|
|
|||||||||||||
| Natural Gas Transportation & Storage - 1.2% |
||||||||||||||
| Hoegh LNG Partners LP |
197,420 | 3,020,526 | (a) | |||||||||||
|
|
|
|||||||||||||
| Offshore - 0.7% |
||||||||||||||
| Dynagas LNG Partners LP |
193,000 | 1,792,970 | (a) | |||||||||||
|
|
|
|||||||||||||
See Notes to Schedule of Investments.
3
LMP CAPITAL AND INCOME FUND INC.
| Schedule of investments (unaudited) (cont’d) | February 29, 2016 |
| SECURITY |
SHARES/UNITS | VALUE | ||||||||||||
| Oil, Gas & Consumable Fuels - 0.5% |
||||||||||||||
| Green Plains Partners LP |
83,270 | $ | 1,070,019 | |||||||||||
|
|
|
|||||||||||||
| Oil/Refined Products - 4.2% |
||||||||||||||
| CrossAmerica Partners LP |
90,000 | 1,936,800 | (a) | |||||||||||
| MPLX LP |
159,000 | 4,124,460 | (a) | |||||||||||
| Sunoco LP |
82,000 | 2,464,100 | (a) | |||||||||||
| VTTI Energy Partners LP |
97,000 | 1,769,280 | ||||||||||||
|
|
|
|||||||||||||
| Total Oil/Refined Products |
10,294,640 | |||||||||||||
|
|
|
|||||||||||||
| Petrochemicals - 0.1% |
||||||||||||||
| Westlake Chemical Partners LP |
17,700 | 295,767 | ||||||||||||
|
|
|
|||||||||||||
| Refining - 0.3% |
||||||||||||||
| Western Refining Logistics LP |
32,960 | 718,858 | ||||||||||||
|
|
|
|||||||||||||
| Shipping - 2.1% |
||||||||||||||
| Golar LNG Partners LP |
180,000 | 2,628,000 | (a) | |||||||||||
| KNOT Offshore Partners LP |
158,000 | 2,504,300 | ||||||||||||
|
|
|
|||||||||||||
| Total Shipping |
5,132,300 | |||||||||||||
|
|
|
|||||||||||||
| TOTAL MASTER LIMITED PARTNERSHIPS |
66,768,139 | |||||||||||||
|
|
|
|||||||||||||
| RATE | SHARES | |||||||||||||
| PREFERRED STOCKS - 1.6% | ||||||||||||||
| UTILITIES - 1.6% | ||||||||||||||
| Electric Utilities - 1.6% |
||||||||||||||
| NextEra Energy Inc. (Cost - $4,052,556) |
6.371 | % | 72,000 | 3,996,000 | ||||||||||
|
|
|
|||||||||||||
| TOTAL INVESTMENTS - 120.5% |
294,860,455 | |||||||||||||
| Liabilities in Excess of Other Assets - (20.5)% |
(50,094,698 | ) | ||||||||||||
|
|
|
|||||||||||||
| TOTAL NET ASSETS - 100.0% |
$ | 244,765,757 | ||||||||||||
|
|
|
|||||||||||||
| (a) | All or a portion of this security is pledged as collateral pursuant to the loan agreement. |
| (b) | Security is a business development company. |
| # | Aggregate cost for federal income tax purposes is substantially the same. |
Abbreviation used in this schedule:
| ADR | — American Depositary Receipts | |
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s portfolio holdings as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to Schedule of Investments.
4
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
LMP Capital and Income Fund Inc. (the “Fund”) was incorporated in Maryland on November 12, 2003 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors authorized 100 million shares of $0.001 par value common stock. The Fund’s investment objective is total return with an emphasis on income. The Fund invests in a broad range of equity and fixed-income securities of both U.S. and foreign issuers. The Fund will vary its allocation between equity and fixed-income securities depending on the investment manager’s view of economic, market or political conditions, fiscal and monetary policy and security valuation.
The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).
(a) Investment valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Short-term fixed income securities that will mature in 60 days or less are valued at amortized cost, unless it is determined that using this method would not reflect an investment’s fair value. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.
The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Legg Mason North Atlantic Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
5
Notes to Schedule of Investments (unaudited) (continued)
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
| • | Level 1 – quoted prices in active markets for identical investments |
| • | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:
| ASSETS |
||||||||||||||||
| DESCRIPTION |
QUOTED PRICES (LEVEL 1) |
OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) |
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) |
TOTAL | ||||||||||||
| Long-Term Investments†: |
||||||||||||||||
| Common Stocks |
$ | 165,614,530 | — | — | $ | 165,614,530 | ||||||||||
| Convertible Preferred Stocks |
37,960,966 | — | — | 37,960,966 | ||||||||||||
| Investments in Underlying Funds |
20,520,820 | — | — | 20,520,820 | ||||||||||||
| Master Limited Partnerships |
66,768,139 | — | — | 66,768,139 | ||||||||||||
| Preferred Stocks |
3,996,000 | — | — | 3,996,000 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments |
$ | 294,860,455 | — | — | $ | 294,860,455 | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| † | See Schedule of Investments for additional detailed categorizations. |
2. Investments
At February 29, 2016, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:
| Gross unrealized appreciation |
$ | 39,501,714 | ||
| Gross unrealized depreciation |
(30,484,428 | ) | ||
|
|
|
|||
| Net unrealized appreciation |
$ | 9,017,286 | ||
|
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| ITEM 2. | CONTROLS AND PROCEDURES. |
| (a) | The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934. |
| (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting. |
| ITEM 3. | EXHIBITS. |
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
LMP Capital and Income Fund Inc.
| By | /s/ JANE TRUST | |
| Jane Trust | ||
| Chief Executive Officer | ||
| Date: |
April 20, 2016 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By | /s/ JANE TRUST | |
| Jane Trust | ||
| Chief Executive Officer | ||
| Date: |
April 20, 2016 | |
| By | /s/ RICHARD F. SENNETT | |
| Richard F. Sennett | ||
| Principal Financial Officer | ||
| Date: |
April 20, 2016 | |