other material
confidence high
sentiment neutral
materiality 0.60
LMP Capital and Income Fund Board approves leverage policy changes allowing up to 50% total net assets
LMP CAPITAL & INCOME FUND INC.
- Board approved borrowings up to approximately 33 1/3% of total net assets immediately after such borrowings.
- Fund may also issue preferred stock combined with borrowings up to approximately 50% of total net assets.
- Policy clarifies leverage limits under Investment Company Act; effective as of April 1, 2022.
- Changes apply to LMP Capital and Income Fund Inc. (NYSE: SCD).