Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · LMP CAPITAL & INCOME FUND INC. (SCD)

LMP Capital and Income Fund clarifies leverage limits: borrowings up to about 33 1/3% of net assets

Neutral Impact 2 of 5 other Written later

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.

Key points

  • 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.

The filing

CompanyLMP CAPITAL & INCOME FUND INC. (SCD)
Form8-K, current report
Filed with the SECApr 1, 2022, 1:34 PM ET
Accession number0001193125-22-093317

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2022.

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.