LMP Capital and Income Fund plans private placement of up to $45 million in preferred stock
SCD•LMP Capital and Income Fund plans a board-approved private placement of up to $45 million in fixed-rate Mandatory Redeemable Preferred Stock, with pricing expected in the fourth quarter of 2026. Net proceeds will repay part of the fund’s existing leverage and finance new portfolio investments.
1. Proposed placement
LMP Capital and Income Fund plans a board-approved private placement of up to $45 million in fixed-rate Mandatory Redeemable Preferred Stock. Pricing is expected in the fourth quarter of 2026.
2. Planned use of proceeds
The fund expects to use net proceeds to repay part of its existing leverage and finance new portfolio investments.
