Schedule of Investments (unaudited)
August 31, 2026
If you need assistance accessing this content, please reach out to your sales representative or send an email to accessibility@franklintempleton.com.
 LMP Capital and Income Fund Inc.

(Percentages shown based on Fund net assets) 
Security
 
 
 
Shares
Value
Common Stocks — 101.4%
Communication Services — 4.6%
Interactive Media & Services — 3.3%
Alphabet Inc., Class A Shares
32,577
 $11,055,005
 (a)
Meta Platforms Inc., Class A Shares
4,123
2,359,758
 
Total Interactive Media & Services
13,414,763
Wireless Telecommunication Services — 1.3%
T-Mobile US Inc.
28,791
5,195,048
 (a)
 
Total Communication Services
18,609,811
Consumer Discretionary — 0.8%
Specialty Retail — 0.8%
Home Depot Inc.
9,506
3,116,352
 
 
Consumer Staples — 6.7%
Beverages — 1.6%
Coca-Cola Co.
71,754
6,362,427
 (a)
Consumer Staples Distribution & Retail — 1.3%
Walmart Inc.
52,056
5,459,113
 (a)
Household Products — 3.8%
Colgate-Palmolive Co.
89,051
7,998,561
 (a)
Procter & Gamble Co.
49,051
7,118,281
 (a)
Total Household Products
15,116,842
 
Total Consumer Staples
26,938,382
Energy — 14.8%
Oil, Gas & Consumable Fuels — 14.8%
Cheniere Energy Inc.
20,249
5,906,431
 (a)
Enbridge Inc.
105,625
5,341,456
 (a)
Kinder Morgan Inc.
221,911
7,154,411
 (a)
ONEOK Inc.
90,575
8,696,106
 (a)
Pembina Pipeline Corp.
127,391
6,203,942
 (a)
SunocoCorp LLC
81,658
6,344,826
 (a)
Targa Resources Corp.
20,358
5,978,127
 (a)
Williams Cos. Inc.
184,209
13,824,885
 (a)
 
Total Energy
59,450,184
Financials — 14.0%
Banks — 6.5%
Bank of America Corp.
129,147
7,999,365
 (a)
Citigroup Inc.
48,569
6,392,652
 (a)
JPMorgan Chase & Co.
33,105
11,786,042
 (a)
Total Banks
26,178,059
Capital Markets — 3.8%
Ares Management Corp., Class A Shares
9,927
1,421,249
 
Blackrock Inc.
2,300
2,657,903
 
Blackstone Inc.
13,366
1,914,546
 (a)
Charles Schwab Corp.
23,016
2,527,617
 (a)
Goldman Sachs Group Inc.
2,665
2,734,023
 (a)
Intercontinental Exchange Inc.
25,986
4,175,950
 (a)
Total Capital Markets
15,431,288
See Notes to Schedule of Investments.
1
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Financial Services — 1.0%
Apollo Global Management Inc.
28,803
 $3,933,914
 
Insurance — 1.5%
MetLife Inc.
61,852
5,886,455
 (a)
Mortgage Real Estate Investment Trusts (REITs) — 1.2%
AGNC Investment Corp.
469,976
5,042,842
 (a)
 
Total Financials
56,472,558
Health Care — 8.5%
Biotechnology — 1.5%
AbbVie Inc.
11,960
3,066,783
 (a)
Amgen Inc.
7,298
3,137,265
 (a)
Total Biotechnology
6,204,048
Health Care Providers & Services — 0.7%
McKesson Corp.
2,990
2,647,107
 
Pharmaceuticals — 6.3%
Eli Lilly & Co.
2,888
3,340,636
 
Johnson & Johnson
24,204
6,434,634
 (a)
Merck & Co. Inc.
56,499
8,348,292
 (a)
Roche Holding AG, ADR
130,859
7,027,128
 
Total Pharmaceuticals
25,150,690
 
Total Health Care
34,001,845
Industrials — 14.6%
Aerospace & Defense — 4.5%
L3Harris Technologies Inc.
22,967
6,114,964
 (a)
Lockheed Martin Corp.
9,369
5,258,164
 (a)
Northrop Grumman Corp.
12,379
6,680,946
 
Total Aerospace & Defense
18,054,074
Electrical Equipment — 4.5%
Eaton Corp. PLC
21,507
8,643,233
 (a)
Emerson Electric Co.
62,729
9,562,409
 (a)
Total Electrical Equipment
18,205,642
Ground Transportation — 3.0%
Union Pacific Corp.
40,491
12,174,429
 (a)
Industrial Conglomerates — 0.9%
Honeywell International Inc.
16,540
3,531,786
 (a)
Machinery — 1.7%
Illinois Tool Works Inc.
25,020
6,889,757
 (a)
 
Total Industrials
58,855,688
Information Technology — 18.5%
Communications Equipment — 1.1%
Cisco Systems Inc.
39,900
4,408,551
 (a)
Electronic Equipment, Instruments & Components — 0.9%
Amphenol Corp., Class A Shares
21,538
3,414,850
 (a)
Semiconductors & Semiconductor Equipment — 6.7%
ASML Holding NV, Registered Shares
3,189
5,408,576
 (a)
Broadcom Inc.
18,568
6,876,473
 (a)
Marvell Technology Inc.
16,989
3,595,892
 (a)
Micron Technology Inc.
8,131
7,795,433
 (a)
See Notes to Schedule of Investments.
2
LMP Capital and Income Fund Inc. 2026 Quarterly Report
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares
Value
 
Semiconductors & Semiconductor Equipment — continued
QUALCOMM Inc.
19,458
 $3,317,200
 (a)
Total Semiconductors & Semiconductor Equipment
26,993,574
Software — 4.5%
Microsoft Corp.
30,065
15,251,674
 (a)
Oracle Corp.
20,136
3,002,680
 (a)
Total Software
18,254,354
Technology Hardware, Storage & Peripherals — 5.3%
Apple Inc.
56,259
17,825,664
 (a)
Western Digital Corp.
7,632
3,438,598
 
Total Technology Hardware, Storage & Peripherals
21,264,262
 
Total Information Technology
74,335,591
Materials — 2.7%
Chemicals — 0.6%
Sherwin-Williams Co.
7,234
2,450,952
 
Metals & Mining — 2.1%
Freeport-McMoRan Inc.
111,035
8,409,791
 (a)
 
Total Materials
10,860,743
Real Estate — 12.2%
Health Care REITs — 1.3%
Welltower Inc.
21,525
5,085,066
 
Industrial REITs — 1.4%
Prologis Inc.
41,046
5,743,156
 (a)
Residential REITs — 3.3%
Equity LifeStyle Properties Inc.
97,340
6,176,223
 (a)
Vivmark Residential
108,351
7,057,984
 (a)
Total Residential REITs
13,234,207
Specialized REITs — 6.2%
American Tower Corp.
45,719
8,032,828
 (a)
Digital Realty Trust Inc.
40,284
7,476,308
 (a)
Equinix Inc.
3,473
3,635,259
 (a)
Public Storage
18,950
5,817,460
 (a)
Total Specialized REITs
24,961,855
 
Total Real Estate
49,024,284
Utilities — 4.0%
Gas Utilities — 1.7%
Atmos Energy Corp.
40,814
6,780,430
 (a)
Multi-Utilities — 2.3%
DTE Energy Co.
66,964
9,082,327
 (a)
 
Total Utilities
15,862,757
Total Common Stocks (Cost — $297,698,923)
407,528,195
See Notes to Schedule of Investments.
3
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
 
 
Shares/
Units
Value
Master Limited Partnerships — 14.5%
Diversified Energy Infrastructure — 7.8%
Energy Transfer LP
760,520
 $16,358,785
 (a)
Enterprise Products Partners LP
182,447
7,082,593
 (a)
Plains GP Holdings LP, Class A Shares
282,899
7,983,410
 *(a)
Total Diversified Energy Infrastructure
31,424,788
Gathering/Processing — 0.7%
 
Western Midstream Partners LP
56,000
2,693,600
 (a)
Liquids Transportation & Storage — 1.9%
 
Delek Logistics Partners LP
140,309
7,782,940
 (a)
Oil/Refined Products — 2.2%
CrossAmerica Partners LP
135,864
3,147,969
 (a)
MPLX LP
99,696
5,899,012
 (a)
Total Oil/Refined Products
9,046,981
Petrochemicals — 1.9%
Westlake Chemical Partners LP
348,827
7,548,616
 (a)
 
Total Master Limited Partnerships (Cost — $26,830,242)
58,496,925
 
 
Rate
 
Shares
 
Convertible Preferred Stocks — 7.3%
Financials — 1.6%
Capital Markets — 1.6%
KKR & Co. Inc.
6.250%
132,565
6,445,310
 
 
Industrials — 5.7%
Aerospace & Defense — 1.9%
Boeing Co.
6.000%
114,383
7,416,594
 
Trading Companies & Distributors — 3.8%
QXO Inc.
4.750%
1,500
15,388,470
 (b)(c)
 
Total Industrials
22,805,064
Total Convertible Preferred Stocks (Cost — $27,442,946)
29,250,374
 
 
 
Maturity
Date
Face
Amount
 
Corporate Bonds & Notes — 4.2%
Communication Services — 0.7%
Diversified Telecommunication Services — 0.2%
Comcast Corp., Senior Notes
4.250%
10/15/30
 $550,000
532,101
 
Galaxy Helios Data Centers II LLC, Senior Secured Notes
9.875%
8/1/31
110,000
109,028
 (d)
Space Exploration Technologies Corp., Senior Notes
5.350%
7/15/31
80,000
78,226
 (d)
WULF Compute LLC, Senior Secured Notes
7.750%
10/15/30
40,000
41,584
 (d)
Total Diversified Telecommunication Services
760,939
Entertainment — 0.3%
Discovery Global Holdings Inc., Senior Notes
4.279%
3/15/32
20,000
18,311
 
Discovery Global Holdings Inc., Senior Notes
5.050%
3/15/42
20,000
14,592
 
Flutter Treasury DAC, Senior Secured Notes
5.875%
6/4/31
200,000
196,677
 (d)
Netflix Inc., Senior Notes
5.375%
11/15/29
400,000
406,746
 (d)
Walt Disney Co., Senior Notes
2.000%
9/1/29
600,000
556,827
 
Total Entertainment
1,193,153
See Notes to Schedule of Investments.
4
LMP Capital and Income Fund Inc. 2026 Quarterly Report
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount
Value
Interactive Media & Services — 0.0%††
Sopaipilla Investor LLC, Senior Secured Notes
7.534%
11/30/48
 $30,000
 $30,746
 (d)
Media — 0.1%
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes
7.375%
2/1/36
240,000
232,200
 (d)
Fox Corp., Senior Notes
6.500%
10/13/33
20,000
21,076
 
Nexstar Media Inc., Senior Secured Notes
6.500%
9/15/33
10,000
10,050
 (d)
Versant Media Group Inc., Senior Secured Notes
7.250%
1/30/31
30,000
31,128
 (d)
Total Media
294,454
Wireless Telecommunication Services — 0.1%
T-Mobile USA Inc., Senior Notes
3.875%
4/15/30
500,000
480,740
 
 
Total Communication Services
2,760,032
Consumer Discretionary — 0.5%
Automobile Components — 0.1%
American Axle & Manufacturing Inc., Senior Secured Notes
6.375%
10/15/32
40,000
40,059
 (d)
Cyprium Corp./Cyprium Holdings Luxembourg Sarl, Senior Notes
6.375%
4/15/34
40,000
39,616
 (d)
ZF North America Capital Inc., Senior Notes
6.750%
4/23/30
150,000
151,267
 (d)
Total Automobile Components
230,942
Automobiles — 0.1%
Ford Motor Co., Senior Notes
3.250%
2/12/32
50,000
43,751
 
General Motors Financial Co. Inc., Senior Notes
4.350%
1/17/27
250,000
249,933
 
Total Automobiles
293,684
Broadline Retail — 0.1%
Amazon.com Inc., Senior Notes
2.100%
5/12/31
550,000
483,989
 
Hotels, Restaurants & Leisure — 0.1%
Brightstar Lottery PLC/Brightstar Global Solutions Corp., Senior Secured Notes
5.750%
1/15/33
20,000
19,463
 (d)
Carnival Corp. Ltd., Senior Notes
6.125%
2/15/33
130,000
130,391
 (d)
Las Vegas Sands Corp., Senior Notes
5.625%
6/15/28
10,000
10,090
 
Las Vegas Sands Corp., Senior Notes
6.000%
6/14/30
290,000
295,502
 
Viking Cruises Ltd., Senior Notes
5.875%
10/15/33
140,000
138,620
 (d)
Total Hotels, Restaurants & Leisure
594,066
Specialty Retail — 0.1%
Academy Ltd., Senior Secured Notes
5.875%
5/15/31
20,000
19,920
 (d)
Home Depot Inc., Senior Notes
2.700%
4/15/30
300,000
279,330
 
Total Specialty Retail
299,250
 
Total Consumer Discretionary
1,901,931
Consumer Staples — 0.1%
Personal Care Products — 0.1%
Kenvue Inc., Senior Notes
4.900%
3/22/33
400,000
394,456
 
 
Financials — 1.3%
Banks — 0.8%
Bank of America Corp., Senior Notes (5.015% to 7/22/32 then SOFR + 2.160%)
5.015%
7/22/33
600,000
592,708
 (e)
BNP Paribas SA, Senior Notes (5.894% to 12/5/33 then SOFR + 1.866%)
5.894%
12/5/34
250,000
256,286
 (d)(e)
Citigroup Inc., Subordinated Notes (6.174% to 5/25/33 then SOFR + 2.661%)
6.174%
5/25/34
700,000
717,334
 (e)
JPMorgan Chase & Co., Subordinated Notes (5.717% to 9/14/32 then SOFR +
2.580%)
5.717%
9/14/33
700,000
709,711
 (e)
Truist Financial Corp., Senior Notes (5.711% to 1/24/34 then SOFR + 1.922%)
5.711%
1/24/35
300,000
301,865
 (e)
Wells Fargo & Co., Senior Notes (4.897% to 7/25/32 then SOFR + 2.100%)
4.897%
7/25/33
500,000
489,248
 (e)
See Notes to Schedule of Investments.
5
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount
Value
 
Banks — continued
Total Banks
3,067,152
Capital Markets — 0.0%††
StoneX Escrow Issuer LLC, Secured Notes
6.875%
7/15/32
 $30,000
 $30,522
 (d)
Consumer Finance — 0.2%
American Express Co., Senior Notes (5.043% to 5/1/33 then SOFR + 1.835%)
5.043%
5/1/34
500,000
492,823
 (e)
EZCORP Inc., Senior Notes
7.375%
4/1/32
30,000
31,267
 (d)
Midcap Financial Issuer Trust, Junior Subordinated Notes (3 mo. Term SOFR +
3.750%)
7.503%
1/15/56
200,000
200,805
 (d)(e)
Total Consumer Finance
724,895
Financial Services — 0.2%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes
3.300%
1/30/32
300,000
270,897
 
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Notes
5.000%
11/15/35
700,000
665,804
 
Block Inc., Senior Notes
6.000%
8/15/33
50,000
49,944
 (d)
Rocket Cos. Inc., Senior Notes
6.125%
8/1/30
40,000
40,554
 (d)
Total Financial Services
1,027,199
Insurance — 0.0%††
APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset
Investor 2 LLC, Senior Notes
7.875%
11/1/29
60,000
59,370
 (d)
Asurion LLC/Asurion Co-Issuer Inc., Senior Secured Notes
8.000%
12/31/32
90,000
89,607
 (d)
Total Insurance
148,977
Mortgage Real Estate Investment Trusts (REITs) — 0.1%
Arbor Realty SR Inc., Senior Notes
8.500%
12/15/28
60,000
59,617
 (d)
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Senior
Notes
7.000%
7/15/31
280,000
289,426
 (d)
Total Mortgage Real Estate Investment Trusts (REITs)
349,043
 
Total Financials
5,347,788
Health Care — 0.7%
Biotechnology — 0.2%
Amgen Inc., Senior Notes
5.250%
3/2/33
550,000
550,556
 
Health Care Providers & Services — 0.3%
Cigna Group, Senior Notes
2.400%
3/15/30
348,000
319,753
 
CVS Health Corp., Senior Notes
3.750%
4/1/30
600,000
575,224
 
HCA Inc., Senior Notes
5.625%
9/1/28
400,000
405,030
 
Tenet Healthcare Corp., Senior Secured Notes
5.500%
11/15/32
40,000
39,494
 (d)
Total Health Care Providers & Services
1,339,501
Pharmaceuticals — 0.2%
Pfizer Investment Enterprises Pte Ltd., Senior Notes
4.750%
5/19/33
550,000
536,484
 
Teva Pharmaceutical Finance Netherlands III BV, Senior Notes
6.000%
12/1/32
200,000
204,796
 
Total Pharmaceuticals
741,280
 
Total Health Care
2,631,337
Industrials — 0.4%
Aerospace & Defense — 0.1%
AAR Escrow Issuer LLC, Senior Notes
6.750%
3/15/29
50,000
51,134
 (d)
Axon Enterprise Inc., Senior Notes
6.250%
3/15/33
20,000
20,362
 (d)
Northrop Grumman Corp., Senior Notes
4.750%
6/1/43
500,000
440,598
 
Total Aerospace & Defense
512,094
See Notes to Schedule of Investments.
6
LMP Capital and Income Fund Inc. 2026 Quarterly Report
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount
Value
 
Building Products — 0.0%††
Advanced Drainage Systems Inc., Senior Notes
5.375%
3/1/34
 $40,000
 $38,918
 (d)
Quikrete Holdings Inc., Senior Secured Notes
6.375%
3/1/32
20,000
20,259
 (d)
Total Building Products
59,177
Commercial Services & Supplies — 0.0%††
CoreCivic Inc., Senior Notes
8.250%
4/15/29
80,000
83,078
 
Deluxe Corp., Senior Secured Notes
8.125%
9/15/29
30,000
31,214
 (d)
Total Commercial Services & Supplies
114,292
Construction & Engineering — 0.1%
AECOM, Senior Notes
6.000%
8/1/33
80,000
79,774
 (d)
Tutor Perini Corp., Senior Notes
6.625%
7/15/33
90,000
90,842
 (d)
Total Construction & Engineering
170,616
Ground Transportation — 0.1%
XPO Inc., Senior Secured Notes
6.250%
6/1/28
350,000
353,197
 (d)
Machinery — 0.0%††
Columbus McKinnon Corp., Senior Secured Notes
7.125%
2/1/33
20,000
20,250
 (d)
Passenger Airlines — 0.0%††
American Airlines Pass-Through Trust
5.750%
5/10/35
50,000
49,110
 
Trading Companies & Distributors — 0.1%
Herc Holdings Inc., Senior Notes
7.250%
6/15/33
40,000
41,400
 (d)
QXO Building Products Inc., Senior Secured Notes
6.750%
4/30/32
60,000
61,417
 (d)
United Rentals North America Inc., Senior Notes
3.750%
1/15/32
190,000
174,373
 
Total Trading Companies & Distributors
277,190
 
Total Industrials
1,555,926
Information Technology — 0.1%
IT Services — 0.1%
APLD ComputeCo 3 LLC, Senior Secured Notes
7.000%
6/15/31
20,000
19,281
 (d)
APLD ComputeCo LLC, Senior Secured Notes
9.250%
12/15/30
70,000
73,874
 (d)
Core Scientific Finance I LLC, Senior Secured Notes
7.750%
5/15/31
110,000
106,802
 (d)
Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., Senior Notes
6.750%
8/15/32
30,000
29,652
 (d)
Total IT Services
229,609
Semiconductors & Semiconductor Equipment — 0.0%††
Amkor Technology Inc., Senior Notes
5.875%
10/1/33
80,000
78,715
 (d)
Qnity Electronics Inc., Senior Secured Notes
5.750%
8/15/32
50,000
49,742
 (d)
Total Semiconductors & Semiconductor Equipment
128,457
Software — 0.0%††
Fair Isaac Corp., Senior Notes
6.250%
9/15/34
30,000
29,376
 (d)
Gen Digital Inc., Senior Notes
6.250%
4/1/33
20,000
20,007
 (d)
Oracle Corp., Senior Notes
6.900%
11/9/52
10,000
9,034
 
Oracle Corp., Senior Notes
6.000%
8/3/55
50,000
40,306
 
Total Software
98,723
Technology Hardware, Storage & Peripherals — 0.0%††
Black Pearl Compute LLC, Senior Secured Notes
6.125%
2/15/31
20,000
20,038
 (d)
Seagate Data Storage Technology Pte Ltd., Senior Notes
5.875%
7/15/30
50,000
50,826
 
Total Technology Hardware, Storage & Peripherals
70,864
 
Total Information Technology
527,653
See Notes to Schedule of Investments.
7
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Schedule of Investments (unaudited) (cont’d)
August 31, 2026
 LMP Capital and Income Fund Inc.
(Percentages shown based on Fund net assets)
Security
 
Rate
Maturity
Date
Face
Amount
Value
 
Materials — 0.3%
Chemicals — 0.0%††
Celanese US Holdings LLC, Senior Notes
7.000%
2/15/31
 $10,000
 $10,284
 
Celanese US Holdings LLC, Senior Notes
6.750%
4/15/33
60,000
61,121
 
Methanex US Operations Inc., Senior Notes
6.250%
3/15/32
50,000
50,653
 (d)
Total Chemicals
122,058
Construction Materials — 0.0%††
Standard Building Solutions Inc., Senior Notes
6.250%
8/1/33
50,000
49,668
 (d)
Metals & Mining — 0.3%
Capstone Copper Corp., Senior Notes
6.750%
3/31/33
80,000
81,285
 (d)
Freeport-McMoRan Inc., Senior Notes
5.450%
3/15/43
500,000
469,969
 
Glencore Funding LLC, Senior Notes
5.673%
4/1/35
160,000
160,674
 (d)
Glencore Funding LLC, Senior Notes
6.141%
4/1/55
220,000
217,468
 (d)
Total Metals & Mining
929,396
 
Total Materials
1,101,122
Real Estate — 0.0%††
Real Estate Management & Development — 0.0%††
Forestar Group Inc., Senior Notes
6.500%
3/15/33
60,000
60,371
 (d)
Specialized REITs — 0.0%††
Meridian Arc Holdco LLC, Senior Secured Notes
6.250%
4/30/31
20,000
19,027
 (d)
Millrose Properties Inc., Senior Notes
6.375%
8/1/30
60,000
60,887
 (d)
Millrose Properties Inc., Senior Notes
6.250%
9/15/32
10,000
10,043
 (d)
Total Specialized REITs
89,957
 
Total Real Estate
150,328
Utilities — 0.1%
Electric Utilities — 0.1%
NRG Energy Inc., Senior Notes
6.000%
1/15/36
90,000
87,560
 (d)
Pacific Gas and Electric Co., First Mortgage Bonds
5.800%
5/15/34
270,000
270,441
 
 
Total Corporate Bonds & Notes (Cost — $16,820,805)
16,728,574
 
 
Rate
 
Face
Amount
 
U.S. Government & Agency Obligations — 0.0%††
U.S. Government Obligations — 0.0%††
U.S. Treasury Notes (Cost — $168,403)
3.875%
8/15/34
 $170,000
161,088
 
Total Investments before Short-Term Investments (Cost — $368,961,319)
512,165,156
 
 
 
 
Shares
 
Short-Term Investments — 1.7%
BNY Dreyfus Government Cash Management, Institutional Shares
3.579%
461,133
461,133
 (f)
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional
Class
3.548%
6,322,779
6,322,779
 (f)
 
Total Short-Term Investments (Cost — $6,783,912)
6,783,912
Total Investments — 129.1% (Cost — $375,745,231)
518,949,068
Liabilities in Excess of Other Assets — (29.1)%
(116,840,193
)
Total Net Assets — 100.0%
$402,108,875
 
See Notes to Schedule of Investments.
8
LMP Capital and Income Fund Inc. 2026 Quarterly Report
 LMP Capital and Income Fund Inc.
††
Represents less than 0.1%.
*
Non-income producing security.
(a)
All or a portion of this security is pledged as collateral pursuant to the loan agreement.
(b)
Security is fair valued in accordance with procedures approved by the Board of Directors (Note 1).
(c)
Security is valued using significant unobservable inputs (Note 1).
(d)
Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from
registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.
(e)
Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published
reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a
reference rate and spread in their description above.
(f)
Rate shown is one-day yield as of the end of the reporting period.
 
Abbreviation(s) used in this schedule:
ADR
—
American Depositary Receipts
BNY
—
Bank of New York
DAC
—
Designated Activity Company
SOFR
—
Secured Overnight Financing Rate
This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.
See Notes to Schedule of Investments.
9
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Notes to Schedule of Investments (unaudited)
1. Organization and significant accounting policies
LMP Capital and Income Fund Inc. (the “Fund”) was incorporated in Maryland on November 12, 2003, and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors (the “Board”) authorized 100 million shares of $0.001 par value common stock. The Fund’s investment objective is total return with an emphasis on income.
Under normal market conditions, the Fund seeks to maximize total return by investing at least 80% of its Managed Assets in a broad range of equity and fixed income securities of both U.S. and foreign issuers. The Fund will vary its allocation between equity and fixed income securities depending on ClearBridge Investments, LLC’s (“ClearBridge”) view of economic, market or political conditions, fiscal and monetary policy and security valuation.
The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies (“ASC 946”). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, ASC 946.
(a) Investment valuation. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Board.
Pursuant to policies adopted by the Board, the Fund’s manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund’s manager is assisted by the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Fund’s manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.
10
LMP Capital and Income Fund Inc. 2026 Quarterly Report
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:
•
Level 1 — unadjusted quoted prices in active markets for identical investments
•
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
•
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:
 
ASSETS
Description
Quoted Prices
(Level 1)
Other Significant
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Long-Term Investments†:
Common Stocks
 $407,528,195
—
—
 $407,528,195
Master Limited Partnerships
58,496,925
—
—
58,496,925
Convertible Preferred Stocks:
Financials
6,445,310
—
—
6,445,310
Industrials
7,416,594
—
 $15,388,470
22,805,064
Corporate Bonds & Notes
—
 $16,728,574
—
16,728,574
U.S. Government & Agency Obligations
—
161,088
—
161,088
Total Long-Term Investments
479,887,024
16,889,662
15,388,470
512,165,156
Short-Term Investments†
6,783,912
—
—
6,783,912
Total Investments
$486,670,936
$16,889,662
$15,388,470
$518,949,068
 
†
See Schedule of Investments for additional detailed categorizations.
The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value: 
 
Investments in
Securities
Balance
as of
November 30, 2025
Accrued
premiums/
discounts
Realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)1
Purchases
Convertible
Preferred Stocks:
Industrials
—
—
—
 $387,810
 $15,000,660
Total
—
—
—
$387,810
$15,000,660

 
Investments in
Securities (cont’d)
Sales
Transfers
into
Level 3
Transfers
out of
Level 3
Balance
as of
August 31, 2026
Net change
in unrealized
appreciation
(depreciation) for
investments
in securities
still held at
August 31, 20261
Convertible
Preferred Stocks:
Industrials
—
—
—
 $15,388,470
 $387,810
Total
—
—
—
$15,388,470
$387,810
11
LMP Capital and Income Fund Inc. 2026 Quarterly Report
Notes to Schedule of Investments (unaudited) (cont’d)
 
1
Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the
reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.
12
LMP Capital and Income Fund Inc. 2026 Quarterly Report