Every material Form 8-K LMP CAPITAL & INCOME FUND INC. has filed with the SEC since August 16, 2017, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The fund's board approved changes to its investment policy that clarify how much leverage it may use. Borrowings may reach about 33 1/3% of total net assets, and combined preferred stock and borrowings may reach about 50%. The filing is a policy clarification, not a reported change in financial results.
Borrowings may total up to about 33 1/3% of total net assets immediately after borrowing.
Preferred stock issuance plus any borrowings may total up to about 50% of total net assets immediately after issuance.
The filing is dated April 1, 2022, and was signed by George P. Hoyt, Secretary and Chief Legal Officer.
LMP Capital and Income Fund Inc. announced that Nisha Kumar was appointed a director of each closed-end fund advised by Legg Mason Partners Fund Advisors, LLC, effective January 1, 2019. Directors Dr. Riordan Roett and Leslie H. Gelb retired effective December 31, 2018. The changes are board-level and the filing does not describe any effect on fund operations or shareholder returns.
Nisha Kumar appointed director effective January 1, 2019, and will serve on the Audit, Nominating, Compensation, Pricing and Valuation Committees
Dr. Riordan Roett and Leslie H. Gelb retired as directors effective December 31, 2018
Kumar has been Managing Director and Chief Financial Officer and Chief Compliance Officer of Greenbriar Equity Group, LP since 2011
Kumar was Executive Vice President and Chief Financial Officer of AOL LLC from 2007 to 2009
On August 14, 2017, KPMG resigned as the auditor of LMP Capital and Income Fund Inc. at the fund's request, and the board approved PricewaterhouseCoopers as its new auditor for the fiscal year ending November 30, 2017. The filing states KPMG's prior audit reports contained no adverse opinion, disclaimer, or qualification, and that there were no disagreements or reportable events, so the change is administrative and does not signal a problem with the fund's financial reporting.
KPMG resigned on August 14, 2017, at the fund's request.
PwC was approved by the board on August 10, 2017, effective August 14, 2017, for the fiscal year ending November 30, 2017.
KPMG's reports for fiscal years ended November 30, 2016 and 2015 contained no adverse opinion or disclaimer and were not qualified.
KPMG's letter dated August 16, 2017 is filed as Exhibit 16.1.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every LMP CAPITAL & INCOME FUND INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →