Absolute Investment Advisers LLC Sells 67,013 Shares of LMP Capital and Income Fund Inc. $SCD

Absolute Investment Advisers LLC decreased its stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 40.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,544 shares of the real estate investment trust’s stock after selling 67,013 shares during the period. Absolute Investment Advisers LLC’s holdings in LMP Capital and Income Fund were worth $1,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCD. Karpus Management Inc. acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter worth about $44,000. Kestra Advisory Services LLC bought a new position in shares of LMP Capital and Income Fund during the 4th quarter worth approximately $56,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter valued at approximately $116,000. Readystate Asset Management LP acquired a new position in shares of LMP Capital and Income Fund during the 4th quarter worth about $148,000. Finally, Aurora Private Wealth Inc. bought a new stake in LMP Capital and Income Fund during the fourth quarter worth about $168,000.

LMP Capital and Income Fund Price Performance

NYSE SCD opened at $15.50 on Monday. The firm’s fifty day moving average price is $15.34 and its two-hundred day moving average price is $15.30. LMP Capital and Income Fund Inc. has a 1 year low of $13.79 and a 1 year high of $16.18.

LMP Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 9.3%.

About LMP Capital and Income Fund

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.