Chapin Davis Inc. Sells 47,484 Shares of LMP Capital and Income Fund Inc. $SCD

Chapin Davis Inc. cut its position in LMP Capital and Income Fund Inc. (NYSE:SCD) by 45.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,387 shares of the real estate investment trust’s stock after selling 47,484 shares during the period. Chapin Davis Inc.’s holdings in LMP Capital and Income Fund were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SCD. Invesco Ltd. increased its position in shares of LMP Capital and Income Fund by 87.0% in the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 11,653 shares in the last quarter. Cornerstone Advisors LLC grew its stake in LMP Capital and Income Fund by 261.2% in the second quarter. Cornerstone Advisors LLC now owns 39,376 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 28,476 shares during the period. NewEdge Advisors LLC increased its holdings in shares of LMP Capital and Income Fund by 13.5% in the first quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after acquiring an additional 3,856 shares in the last quarter. Compound Planning Inc. raised its position in shares of LMP Capital and Income Fund by 18.4% during the first quarter. Compound Planning Inc. now owns 32,934 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 5,124 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of LMP Capital and Income Fund by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,975,006 shares of the real estate investment trust’s stock worth $31,462,000 after purchasing an additional 40,570 shares during the period.

LMP Capital and Income Fund Trading Up 1.0%

Shares of SCD opened at $14.68 on Friday. The stock has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $15.30. LMP Capital and Income Fund Inc. has a 52-week low of $13.35 and a 52-week high of $17.80.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, February 20th.

About LMP Capital and Income Fund

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.