LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock
Business Wire•20/10/2026•08:00 ET
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Key Highlights
- ➤MRPS issuance approved, up to $45 million, via private placement
- ➤MRPS offering expected to be priced in fourth quarter of 2026
- ➤Net proceeds will repay leverage and fund new portfolio investments
LMP Capital and Income Fund Inc. Announces Board Approval and Intention to Issue Mandatory Redeemable Preferred Stock
LMP Capital and Income Fund Inc. (the “Fund”) (NYSE: SCD) announced today that its Board of Directors has approved the issuance of up to $45,000,000 of fixed-rate Mandatory Redeemable Preferred Stock (“MRPS”) by private placement. The MRPS issuance is expected to be priced in the fourth quarter of 2026. Net proceeds from the offering will be used to repay a portion of the Fund’s existing leverage and make new portfolio investments.
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