Yakira Capital Management Inc. Sells 124,674 Shares of LMP Capital and Income Fund Inc. $SCD

Yakira Capital Management Inc. cut its position in LMP Capital and Income Fund Inc. (NYSE:SCD) by 63.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,654 shares of the real estate investment trust’s stock after selling 124,674 shares during the period. Yakira Capital Management Inc.’s holdings in LMP Capital and Income Fund were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SCD. Truist Financial Corp bought a new position in LMP Capital and Income Fund in the 3rd quarter worth $224,000. Shaker Financial Services LLC bought a new stake in LMP Capital and Income Fund during the third quarter valued at about $297,000. Invesco Ltd. lifted its position in shares of LMP Capital and Income Fund by 87.0% in the second quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 11,653 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of LMP Capital and Income Fund in the third quarter valued at about $397,000. Finally, NewEdge Advisors LLC boosted its stake in shares of LMP Capital and Income Fund by 13.5% in the first quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after acquiring an additional 3,856 shares during the period.

LMP Capital and Income Fund Trading Down 0.9%

NYSE:SCD opened at $15.51 on Monday. The stock has a 50-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 12-month low of $13.35 and a 12-month high of $16.89.

LMP Capital and Income Fund Dividend Announcement

The firm also recently declared 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) annualized dividend and a yield of 9.3%. The ex-dividend date is Thursday, May 21st.

LMP Capital and Income Fund Company Profile

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.