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LMP Capital and Income Fund Inc. (NYSE:SCD) ("SCD" or the "Fund") announced today the completion of its transferable rights offering (the "Offer"). The Offer expired at 5:00 PM Eastern Time on July 11, 2025 (the "Expiration Date") and the Rights no longer trade on the New York Stock Exchange ("NYSE").
The Offer is expected to result in the issuance of 5,714,415 shares of common stock (including notices of guaranteed delivery), resulting in anticipated gross proceeds to the Fund of approximately $87 million. The Offer was oversubscribed.
The subscription price per share of common stock (the "Subscription Price") is $15.20, which is 90% of the Fund's net asset value per share of common stock at the close of trading on the NYSE on the Expiration Date. The shares of common stock subscribed for are expected to be issued on or about July 18, 2025, after completion of the allocation of any oversubscription shares and receipt of all shareholder payments. The Fund will return to subscribing investors the full amount of any excess payments.
Posted In: SCD
