NEW YORK -- (Business Wire)

LMP Capital and Income Fund Inc. (NYSE: SCD) announced today a conference call to be held on August 14, 2012 at 4:00 p.m. (Eastern Time). The Fund’s portfolio managers, Peter Vanderlee and Mark McAllister, will provide an update on the Fund’s investment portfolio, strategy and market outlook. The call will conclude with a question and answer session with the Fund’s entire ClearBridge Advisors portfolio management team, which includes Timothy R. Daubenspeck and Tatiana Thibodeau.

A replay of the call will be made available and instructions on how to access the replay will be provided at a future date by press release.

The Fund's primary investment objective is total return with an emphasis on income.

The Fund will vary its allocation between equity and fixed income securities depending on the Investment Manager's view of economic, market or political conditions, fiscal and monetary policy and security valuation. Depending on the Investment Manager's view of these factors, which may vary from time to time, the Investment Manager may allocate substantially all of the investments in the portfolio to equity securities or fixed income securities.

Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the Fund's investment manager. Investment sub-advisory services are provided by ClearBridge Advisors, LLC (“ClearBridge”), Western Asset Management Company (“Western Asset”) and Western Asset Management Company Limited (“Western Asset Limited”). LMPFA, ClearBridge, Western Asset and Western Asset Limited are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”). LMPFA delegates to the subadvisers the day-to-day portfolio management of the Fund. ClearBridge provides investment advisory services to the Fund by both determining the allocation of the Fund’s assets between equity and fixed-income investments and performing the day-to-day management of the Fund’s investments in equity securities. Western Asset and Western Asset Limited provide advisory services to the Fund by performing the day-to-day management of the Fund’s fixed-income investments.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with $12.1 billion in closed-end assets under management as of June 30, 2012.

All data and commentary provided in this press release are for informational purposes only. Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

For more information please call 1-888-777-0102 or consult the Funds’ website at www.lmcef.com.

Contacts:

Media:
LMP Capital and Income Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Source: LMP Capital and Income Fund Inc.