LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
COMMON STOCKS - 69.6%
COMMUNICATION SERVICES - 2.7%
Diversified Telecommunication Services - 1.3%
Verizon Communications Inc.		78,590	$	3,285,848
Entertainment - 1.4%
Activision Blizzard Inc.		44,500		3,492,805
TOTAL COMMUNICATION SERVICES				6,778,653
CONSUMER STAPLES - 4.2%
Beverages - 2.3%
Coca-Cola Co.		94,010		5,801,357	(a)
Household Products - 1.9%
Kimberly-Clark Corp.		16,030		2,044,146	(a)
Procter & Gamble Co.		19,860		2,739,488	(a)
Total Household Products				4,783,634
TOTAL CONSUMER STAPLES				10,584,991
ENERGY - 4.4%
Oil, Gas & Consumable Fuels - 4.4%
Diamondback Energy Inc.		24,203		3,225,776	(a)
DT Midstream Inc.		51,700		2,854,357
Enbridge Inc.		41,960		1,729,591
Williams Cos. Inc.		96,740		3,292,062	(a)
TOTAL ENERGY				11,101,786
FINANCIALS - 14.8%
Banks - 2.9%
Bank of America Corp.		92,470		3,107,917
JPMorgan Chase & Co.		36,280		4,126,124
Total Banks				7,234,041
Capital Markets - 8.3%
Blackstone Inc.		116,810		10,973,131	(a)
Blue Owl Capital Inc.		309,400		3,434,340
CME Group Inc.		6,680		1,306,675
Intercontinental Exchange Inc.		9,930		1,001,441
Trinity Capital Inc.		292,600		4,333,406
Total Capital Markets				21,048,993
Diversified Financial Services - 0.5%
Apollo Global Management Inc.		22,810		1,267,780	(a)

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2022 Quarterly Report         1

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
Insurance - 3.1%
Assurant Inc.		20,847	$	3,304,041
Chubb Ltd.		11,990		2,266,709
Progressive Corp.		17,800		2,183,170	(a)
Total Insurance				7,753,920
TOTAL FINANCIALS				37,304,734
HEALTH CARE - 8.5%
Biotechnology - 0.5%
Amgen Inc.		5,190		1,247,157
Life Sciences Tools & Services - 1.9%
Danaher Corp.		17,730		4,785,504
Pharmaceuticals - 6.1%
Johnson & Johnson		13,880		2,239,399	(a)
Merck & Co. Inc.		64,600		5,514,256	(a)
Pfizer Inc.		171,108		7,739,215
Total Pharmaceuticals				15,492,870
TOTAL HEALTH CARE				21,525,531
INDUSTRIALS - 7.1%
Aerospace & Defense - 3.3%
Lockheed Martin Corp.		9,878		4,149,847	(a)
Raytheon Technologies Corp.		47,010		4,219,147	(a)
Total Aerospace & Defense				8,368,994
Air Freight & Logistics - 0.9%
United Parcel Service Inc., Class B Shares		12,060		2,345,791	(a)
Electrical Equipment - 0.7%
Emerson Electric Co.		20,720		1,693,653	(a)
Machinery - 2.2%
Otis Worldwide Corp.		54,610		3,943,934	(a)
Stanley Black & Decker Inc.		17,230		1,517,963
Total Machinery				5,461,897
TOTAL INDUSTRIALS				17,870,335
INFORMATION TECHNOLOGY - 18.3%
Communications Equipment - 1.2%
Cisco Systems Inc.		71,800		3,210,896
Electronic Equipment, Instruments & Components - 1.0%
TE Connectivity Ltd.		19,450		2,454,785
IT Services - 0.3%
Paychex Inc.		5,570		687,004	(a)

See Notes to Schedule of Investments.

    2     LMP Capital and Income Fund Inc. 2022 Quarterly Report

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
Semiconductors & Semiconductor Equipment - 5.4%
ASML Holding NV, Registered Shares		2,660	$	1,303,240
Intel Corp.		88,700		2,831,304
NXP Semiconductors NV		9,440		1,553,635
QUALCOMM Inc.		36,740		4,859,600	(a)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		16,420		1,368,607
Texas Instruments Inc.		11,290		1,865,221	(a)
Total Semiconductors & Semiconductor Equipment				13,781,607
Software - 6.3%
Microsoft Corp.		47,330		12,375,375	(a)
NortonLifeLock Inc.		49,520		1,118,657	(a)
Oracle Corp.		32,890		2,438,793	(a)
Total Software				15,932,825
Technology Hardware, Storage & Peripherals - 4.1%
Apple Inc.		65,530		10,302,627	(a)
TOTAL INFORMATION TECHNOLOGY				46,369,744
MATERIALS - 1.5%
Chemicals - 1.5%
Air Products & Chemicals Inc.		5,960		1,504,602
Huntsman Corp.		83,450		2,338,269	(a)
TOTAL MATERIALS				3,842,871
REAL ESTATE - 5.9%
Equity Real Estate Investment Trusts (REITs) - 5.9%
Alexandria Real Estate Equities Inc.		15,770		2,419,118	(a)
American Tower Corp.		7,190		1,826,620	(a)
Crown Castle Inc.		4,880		833,650
Equinix Inc.		3,210		2,110,158	(a)
Equity LifeStyle Properties Inc.		13,630		955,463
Gaming and Leisure Properties Inc.		58,177		2,808,204
Global Medical REIT Inc.		72,500		785,900
Prologis Inc.		9,500		1,182,845	(a)
SBA Communications Corp.		6,260		2,036,065
TOTAL REAL ESTATE				14,958,023
UTILITIES - 2.2%
Electric Utilities - 0.5%
NextEra Energy Inc.		15,480		1,316,729
Multi-Utilities - 1.7%
CenterPoint Energy Inc.		66,990		2,112,195
Sempra Energy		12,480		2,058,825	(a)
Total Multi-Utilities				4,171,020
TOTAL UTILITIES				5,487,749
TOTAL COMMON STOCKS (Cost - $121,114,749)				175,824,417

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2022 Quarterly Report         3

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY				SHARES/UNITS		VALUE
MASTER LIMITED PARTNERSHIPS - 32.2%
Diversified Energy Infrastructure - 13.6%
Energy Transfer LP					1,323,480	$	15,497,951	(a)
Enterprise Products Partners LP					503,280		13,246,330	(a)
Plains GP Holdings LP, Class A Shares					463,340		5,550,813	*
Total Diversified Energy Infrastructure							34,295,094
Global Infrastructure - 1.7%
Brookfield Renewable Partners LP					113,805		4,235,572
Liquids Transportation & Storage - 6.1%
Magellan Midstream Partners LP					202,280		10,443,716	(a)
PBF Logistics LP					267,730		4,961,037	(a)
Total Liquids Transportation & Storage							15,404,753
Oil/Refined Products - 6.3%
CrossAmerica Partners LP					151,970		3,176,173	(a)
MPLX LP					188,500		6,148,870	(a)
Sunoco LP					165,300		6,559,104	(a)
Total Oil/Refined Products							15,884,147
Petrochemicals - 2.3%
Westlake Chemical Partners LP					239,536		5,751,259	(a)
Power Generation - 1.0%
NextEra Energy Partners LP					32,120		2,636,731
Propane - 1.2%
Suburban Propane Partners LP					200,000		3,222,000	(a)
TOTAL MASTER LIMITED PARTNERSHIPS (Cost - $45,886,696)							81,429,556
	RATE			SHARES
CONVERTIBLE PREFERRED STOCKS - 13.7%
COMMUNICATION SERVICES - 2.6%
Media - 1.0%
Paramount Global, Non Voting Shares		5.750	%		67,964		2,608,458
Wireless Telecommunication Services - 1.6%
2020 Cash Mandatory Exchangeable Trust		5.250	%		3,336		3,983,451
TOTAL COMMUNICATION SERVICES							6,591,909
CONSUMER DISCRETIONARY - 1.1%
Auto Components - 1.1%
Aptiv PLC, Non Voting Shares		5.500	%		26,340		2,855,783
FINANCIALS - 2.0%
Capital Markets - 2.0%
KKR & Co. Inc., Non Voting Shares		6.000	%		80,500		5,010,320

See Notes to Schedule of Investments.

    4     LMP Capital and Income Fund Inc. 2022 Quarterly Report

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY	RATE					SHARES		VALUE
HEALTH CARE - 0.1%
Health Care Equipment & Supplies - 0.1%
Boston Scientific Corp., Non Voting Shares		5.500	%				2,819	$	298,391
INFORMATION TECHNOLOGY - 3.6%
Semiconductors & Semiconductor Equipment - 3.6%
Broadcom Inc., Non Voting Shares		8.000	%				5,736		8,943,342
UTILITIES - 4.3%
Electric Utilities - 1.8%
NextEra Energy Inc.		6.219	%				84,050		4,401,698
Gas Utilities - 1.3%
South Jersey Industries Inc.		8.750	%				31,190		2,122,480
Spire Inc.		7.500	%				23,100		1,154,076
Total Gas Utilities									3,276,556
Multi-Utilities - 1.2%
DTE Energy Co.		6.250	%				61,080		3,135,236
TOTAL UTILITIES									10,813,490
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost - $31,074,714)									34,513,235
INVESTMENTS IN UNDERLYING FUNDS - 3.1%
Ares Capital Corp.							43,290		850,216	(a)(b)
Barings BDC Inc.							349,050		3,480,028	(a)(b)
TriplePoint Venture Growth BDC Corp.							252,005		3,374,347	(a)(b)
TOTAL INVESTMENTS IN UNDERLYING FUNDS (Cost - $7,169,991)									7,704,591
				MATURITY		FACE
	RATE			DATE		AMOUNT
CONVERTIBLE BONDS & NOTES - 1.2%
INDUSTRIALS - 1.2%
Airlines - 1.2%
American Airlines Group Inc., Senior Notes (Cost - $2,997,425)		6.500	%		7/1/25	$	2,859,000		3,107,733
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $208,243,575)									302,579,532

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2022 Quarterly Report         5

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) August 31, 2022

(Percentages shown based on Fund net assets)

SECURITY	RATE			SHARES		VALUE
SHORT-TERM INVESTMENTS - 3.4%
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class (Cost - $8,710,620)		1.917	%		8,710,620	$	8,710,620
TOTAL INVESTMENTS - 123.2% (Cost - $216,954,195)							311,290,152
Liabilities in Excess of Other Assets - (23.2)%							(58,692,526	)
TOTAL NET ASSETS - 100.0%						$	252,597,626

* Non-income producing security.

(a) All or a portion of this security is pledged as collateral pursuant to the loan agreement.

(b) Security is a business development company.

Abbreviation(s) used in this schedule:

ADR — American Depositary Receipts

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.

    6     LMP Capital and Income Fund Inc. 2022 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 non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors 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’s view of economic, market or political conditions, fiscal and monetary policy and security valuation. The Fund may use leverage through borrowings in an aggregate amount of up to approximately 33 1/3% of the Fund’s total assets less all liabilities and indebtedness not represented by senior securities (for these purposes, “total net assets”) immediately after such borrowings. Furthermore, the Fund may use leverage through the issuance of preferred stock in an aggregate amount of liquidation preference attributable to the preferred stock combined with the aggregate amount of any borrowings of up to approximately 50% of the Fund’s total net assets immediately after such issuance.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(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

7

Notes to Schedule of Investments (unaudited) (cont’d)

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 Fund’s Board of Directors.

The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Directors. 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 of Directors, 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 of Directors quarterly.

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.

8

Notes to Schedule of Investments (unaudited) (cont’d)

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	$	175,824,417		—		—	$	175,824,417
Master Limited Partnerships		81,429,556		—		—		81,429,556
Convertible Preferred Stocks:
Communication Services		2,608,458	$	3,983,451		—		6,591,909
Other Convertible Preferred Stocks		27,921,326		—		—		27,921,326
Investments in Underlying Funds		7,704,591		—		—		7,704,591
Convertible Bonds & Notes		—		3,107,733		—		3,107,733
Total Long-Term Investments		295,488,348		7,091,184		—		302,579,532
Short-Term Investments†		8,710,620		—		—		8,710,620
Total Investments	$	304,198,968	$	7,091,184		—	$	311,290,152

† See Schedule of Investments for additional detailed categorizations.

9