LMP Capital and Income Fund approves up to $45M mandatory redeemable preferred stock offering
- LMP Capital and Income Fund (SCD) has approved the private placement issuance of up to $45,000,000 of fixed-rate Mandatory Redeemable Preferred Stock, with pricing expected in the fourth quarter of 2026.
- The fund stated net proceeds from the offering will be used to repay a portion of its existing leverage and to make new portfolio investments.
- Press Release
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