Every material Form 8-K LMP CAPITAL & INCOME FUND INC. filed with the SEC in 2022, 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.
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 →