Yakira Capital Management Inc. Cuts Holdings in LMP Capital and Income Fund Inc. $SCD

Yakira Capital Management Inc. trimmed its position in LMP Capital and Income Fund Inc. (NYSE:SCD) by 63.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,654 shares of the real estate investment trust’s stock after selling 124,674 shares during the quarter. Yakira Capital Management Inc.’s holdings in LMP Capital and Income Fund were worth $1,128,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp bought a new position in LMP Capital and Income Fund during the third quarter valued at approximately $224,000. Shaker Financial Services LLC bought a new stake in LMP Capital and Income Fund in the 3rd quarter worth approximately $297,000. Invesco Ltd. raised its holdings in shares of LMP Capital and Income Fund by 87.0% during the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 11,653 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of LMP Capital and Income Fund during the 3rd quarter worth approximately $397,000. Finally, NewEdge Advisors LLC boosted its position in shares of LMP Capital and Income Fund by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock valued at $515,000 after acquiring an additional 3,856 shares during the last quarter.

LMP Capital and Income Fund Price Performance

SCD stock opened at $15.51 on Monday. The firm has a fifty day moving average price of $15.55 and a 200 day moving average price of $15.26. LMP Capital and Income Fund Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $16.89.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Thursday, May 21st.

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.