SCHEDULE: Raymond James Discloses 4.2% Stake in LMP Capital

Raymond James Financial Services Advisors, Inc. has reported a 4.2% beneficial ownership stake in LMP CAPITAL & INCOME FUND INC. common stock.

Summary

• Raymond James Financial Services Advisors, Inc. filed an Amendment No. 3 to Schedule 13G regarding its beneficial ownership in LMP CAPITAL & INCOME FUND INC.
• The filing indicates beneficial ownership of 725,860.33 shares of Common Stock.
• This represents 4.2% of the class of securities.
• Raymond James Financial Services Advisors, Inc. holds sole dispositive power over all 725,860.33 shares.
• The reporting person has no sole or shared voting power over these shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from the issuer or the reporting person regarding the issuer's future performance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Raymond James Financial Services Advisors, Inc.)

Industry Context

This filing is a routine disclosure by an investment adviser/broker-dealer, Raymond James, indicating its beneficial ownership in a closed-end fund, LMP Capital & Income Fund. Such filings are standard for institutional investors holding significant, but non-controlling, stakes in public companies, demonstrating transparency in the market.

Stakeholder Impact

• Shareholders of LMP CAPITAL & INCOME FUND INC. are informed of a significant institutional holder, Raymond James Financial Services Advisors, Inc., holding 4.2% of the common stock.

Key Dates

Keywords

Raymond James Financial Services Advisors, LMP Capital & Income Fund, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Broker-Dealer, SEC Filing