---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-093317"
form_type: "8-K"
ticker: "SCD"
cik: "0001270131"
company_name: "LMP CAPITAL & INCOME FUND INC."
filed_at: "2022-04-01T23:59:59+00:00"
generated_at: "2026-06-26T10:21:46.559757+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LMP Capital and Income Fund Board approves leverage policy changes allowing up to 50% total net assets

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-22-093317
- form_type: 8-K
- ticker: SCD
- cik: 0001270131
- company_name: LMP CAPITAL & INCOME FUND INC.
- filed_at: 2022-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1270131/000119312522093317/0001193125-22-093317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1270131/000119312522093317/d326783d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-093317
- JSON: https://secwatch.observer/filing/0001193125-22-093317.json
- Plain text: https://secwatch.observer/filing/0001193125-22-093317.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.