LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
COMMON STOCKS - 86.5%
COMMUNICATION SERVICES - 2.4%
Interactive Media & Services - 0.9%
Meta Platforms Inc., Class A Shares		5,100	$	2,499,663
Wireless Telecommunication Services - 1.5%
T-Mobile US Inc.		24,600		4,017,180
TOTAL COMMUNICATION SERVICES				6,516,843
CONSUMER STAPLES - 7.2%
Beverages - 2.2%
Coca-Cola Co.		99,210		5,954,584	(a)
Consumer Staples Distribution & Retail - 1.0%
Target Corp.		17,000		2,599,640
Food Products - 1.3%
McCormick & Co. Inc., Non Voting Shares		53,100		3,656,466
Household Products - 2.7%
Colgate-Palmolive Co.		41,400		3,581,928
Procter & Gamble Co.		24,760		3,935,355	(a)
Total Household Products				7,517,283
TOTAL CONSUMER STAPLES				19,727,973
ENERGY - 5.1%
Oil, Gas & Consumable Fuels - 5.1%
Enbridge Inc.		41,960		1,444,263
ONEOK Inc.		119,779		8,997,798	(a)
Williams Cos. Inc.		96,740		3,476,836	(a)
TOTAL ENERGY				13,918,897
FINANCIALS - 12.9%
Banks - 3.3%
JPMorgan Chase & Co.		39,480		7,345,649	(a)
US Bancorp		40,700		1,707,772
Total Banks				9,053,421
Capital Markets - 8.4%
Blackstone Inc.		99,310		12,693,804	(a)
Blue Owl Capital Inc.		394,200		7,079,832
CME Group Inc.		5,680		1,251,588
Intercontinental Exchange Inc.		8,230		1,139,197
Trinity Capital Inc.		59,691		867,907
Total Capital Markets				23,032,328
Insurance - 0.5%
Chubb Ltd.		5,590		1,406,835

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      1

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
Mortgage Real Estate Investment Trusts (REITs) - 0.7%
AGNC Investment Corp.		194,900	$	1,863,244
TOTAL FINANCIALS				35,355,828
HEALTH CARE - 9.9%
Biotechnology - 2.4%
AbbVie Inc.		29,900		5,263,895
Amgen Inc.		5,190		1,421,177
Total Biotechnology				6,685,072
Health Care Equipment & Supplies - 1.0%
Abbott Laboratories		22,700		2,693,128
Pharmaceuticals - 6.5%
Eli Lilly & Co.		3,700		2,788,616
Johnson & Johnson		29,856		4,818,161	(a)
Merck & Co. Inc.		64,600		8,213,890	(a)
Pfizer Inc.		71,008		1,885,973
Total Pharmaceuticals				17,706,640
TOTAL HEALTH CARE				27,084,840
INDUSTRIALS - 9.0%
Aerospace & Defense - 2.7%
L3Harris Technologies Inc.		14,700		3,111,402	(a)
Lockheed Martin Corp.		9,878		4,230,155	(a)
Total Aerospace & Defense				7,341,557
Air Freight & Logistics - 0.8%
United Parcel Service Inc., Class B Shares		15,060		2,232,796	(a)
Electrical Equipment - 1.0%
Emerson Electric Co.		25,720		2,748,182	(a)
Ground Transportation - 2.4%
Union Pacific Corp.		25,900		6,570,571	(a)
Machinery - 1.9%
Otis Worldwide Corp.		54,510		5,194,803	(a)
Professional Services - 0.2%
Paychex Inc.		5,170		633,945	(a)
TOTAL INDUSTRIALS				24,721,854
INFORMATION TECHNOLOGY - 19.2%
Electronic Equipment, Instruments & Components - 0.6%
Amphenol Corp., Class A Shares		16,300		1,780,612
Semiconductors & Semiconductor Equipment - 8.3%
ASML Holding NV, Registered Shares		2,600		2,474,368
Broadcom Inc.		8,067		10,491,053	(a)
Marvell Technology Inc.		47,100		3,375,186

See Notes to Schedule of Investments.

    2  LMP Capital and Income Fund Inc. 2024 Quarterly Report

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	SHARES		VALUE
Semiconductors & Semiconductor Equipment - (continued)
NXP Semiconductors NV		4,240	$	1,058,855
QUALCOMM Inc.		33,740		5,323,835	(a)
Total Semiconductors & Semiconductor Equipment				22,723,297
Software - 6.1%
Microsoft Corp.		32,230		13,331,617	(a)
Oracle Corp.		30,590		3,416,291	(a)
Total Software				16,747,908
Technology Hardware, Storage & Peripherals - 4.2%
Apple Inc.		64,030		11,573,422	(a)
TOTAL INFORMATION TECHNOLOGY				52,825,239
MATERIALS - 0.5%
Chemicals - 0.5%
Huntsman Corp.		60,050		1,537,280	(a)
REAL ESTATE - 15.1%
Health Care REITs - 0.3%
Global Medical REIT Inc.		72,500		648,875
Industrial REITs - 1.8%
Prologis Inc.		37,400		4,984,298	(a)
Office REITs - 0.6%
Boston Properties Inc.		25,500		1,650,360
Residential REITs - 4.0%
American Homes 4 Rent, Class A Shares		122,800		4,544,828
Apartment Income REIT Corp.		97,500		2,956,200
Equity LifeStyle Properties Inc.		51,730		3,482,464
Total Residential REITs				10,983,492
Specialized REITs - 8.4%
American Tower Corp.		26,490		5,267,801	(a)
Digital Realty Trust Inc.		38,800		5,696,228
Equinix Inc.		5,410		4,808,516	(a)
Extra Space Storage Inc.		28,100		3,961,257
Gaming and Leisure Properties Inc.		74,677		3,396,310	(a)
Total Specialized REITs				23,130,112
TOTAL REAL ESTATE				41,397,137
UTILITIES - 5.2%
Electric Utilities - 1.6%
PPL Corp.		169,600		4,472,352

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      3

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY				SHARES		VALUE
Multi-Utilities - 3.6%
DTE Energy Co.					43,825	$	4,748,439
Sempra					72,360		5,108,616	(a)
Total Multi-Utilities							9,857,055
TOTAL UTILITIES							14,329,407
TOTAL COMMON STOCKS (Cost - $156,724,968)							237,415,298
				SHARES/UNITS
MASTER LIMITED PARTNERSHIPS - 22.0%
Diversified Energy Infrastructure - 13.4%
Energy Transfer LP					1,087,280		15,917,779	(a)
Enterprise Products Partners LP					472,780		12,977,811	(a)
Plains GP Holdings LP, Class A Shares					463,340		7,969,448	*
Total Diversified Energy Infrastructure							36,865,038
Oil/Refined Products - 5.8%
CrossAmerica Partners LP					101,729		2,180,052
MPLX LP					188,500		7,245,940	(a)
Sunoco LP					104,510		6,414,824	(a)
Total Oil/Refined Products							15,840,816
Petrochemicals - 1.9%
Westlake Chemical Partners LP					239,536		5,327,281	(a)
Power Generation - 0.4%
NextEra Energy Partners LP					37,500		1,030,125
Propane - 0.5%
Suburban Propane Partners LP					61,474		1,278,659	(a)
TOTAL MASTER LIMITED PARTNERSHIPS (Cost - $20,471,183)							60,341,919
	RATE			SHARES
CONVERTIBLE PREFERRED STOCKS - 6.0%
COMMUNICATION SERVICES - 0.3%
Media - 0.3%
Paramount Global, Non Voting Shares		5.750	%		67,964		985,478
FINANCIALS - 3.3%
Financial Services - 3.3%
Apollo Global Management Inc.		6.750	%		142,451		9,086,949
UTILITIES - 2.4%
Electric Utilities - 2.0%
NextEra Energy Inc.		6.926	%		154,200		5,403,168

See Notes to Schedule of Investments.

    4  LMP Capital and Income Fund Inc. 2024 Quarterly Report

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE					SHARES		VALUE
Gas Utilities - 0.4%
Spire Inc.		7.500	%				23,100	$	1,079,694
TOTAL UTILITIES									6,482,862
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost - $20,167,228)									16,555,289
				MATURITY DATE		FACE AMOUNT
CORPORATE BONDS & NOTES - 5.2%
COMMUNICATION SERVICES - 0.9%
Entertainment - 0.3%
Netflix Inc., Senior Notes		5.375	%		11/15/29	$	400,000		406,410	(b)
Walt Disney Co., Senior Notes		2.000	%		9/1/29		600,000		517,868
Total Entertainment									924,278
Interactive Media & Services - 0.1%
Match Group Holdings II LLC, Senior Notes		3.625	%		10/1/31		250,000		210,840	(b)
Media - 0.3%
Comcast Corp., Senior Notes		4.250	%		10/15/30		550,000		526,339
Fox Corp., Senior Notes		6.500	%		10/13/33		400,000		420,341
Total Media									946,680
Wireless Telecommunication Services - 0.2%
T-Mobile USA Inc., Senior Notes		3.875	%		4/15/30		500,000		464,372
TOTAL COMMUNICATION SERVICES									2,546,170
CONSUMER DISCRETIONARY - 0.6%
Automobiles - 0.1%
Ford Motor Co., Senior Notes		3.250	%		2/12/32		550,000		451,360
Broadline Retail - 0.2%
Amazon.com Inc., Senior Notes		2.100	%		5/12/31		550,000		462,275
Hotels, Restaurants & Leisure - 0.3%
Hilton Domestic Operating Co. Inc., Senior Notes		5.375	%		5/1/25		400,000		399,072	(b)
Royal Caribbean Cruises Ltd., Senior Notes		7.250	%		1/15/30		400,000		416,186	(b)
Total Hotels, Restaurants & Leisure									815,258
TOTAL CONSUMER DISCRETIONARY									1,728,893
CONSUMER STAPLES - 0.3%
Food Products - 0.2%
Lamb Weston Holdings Inc., Senior Notes		4.375	%		1/31/32		550,000		491,838	(b)
Personal Care Products - 0.1%
Kenvue Inc., Senior Notes		4.900	%		3/22/33		400,000		395,660
TOTAL CONSUMER STAPLES									887,498

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      5

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
FINANCIALS - 1.4%
Banks - 1.0%
Bank of America Corp., Senior Notes (5.015% to 7/22/32 then SOFR + 2.160%)		5.015	%		7/22/33	$	600,000	$	585,030	(c)
Citigroup Inc., Subordinated Notes (6.174% to 5/25/33 then SOFR + 2.661%)		6.174	%		5/25/34		700,000		705,603	(c)
JPMorgan Chase & Co., Subordinated Notes (5.717% to 9/14/32 then SOFR + 2.580%)		5.717	%		9/14/33		700,000		709,008	(c)
Truist Financial Corp., Senior Notes (5.711% to 1/24/34 then SOFR + 1.922%)		5.711	%		1/24/35		300,000		297,224	(c)
Wells Fargo & Co., Senior Notes (4.897% to 7/25/32 then SOFR + 2.100%)		4.897	%		7/25/33		500,000		478,244	(c)
Total Banks									2,775,109
Capital Markets - 0.1%
Daimler Truck Finance North America LLC, Senior Notes		5.200	%		1/17/25		200,000		199,445	(b)
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		490,913	(c)
Financial Services - 0.1%
GTCR W-2 Merger Sub LLC, Senior Secured Notes		7.500	%		1/15/31		250,000		260,955	(b)
TOTAL FINANCIALS									3,726,422
HEALTH CARE - 1.2%
Biotechnology - 0.2%
Amgen Inc., Senior Notes		5.250	%		3/2/33		550,000		548,687
Health Care Providers & Services - 0.8%
Centene Corp., Senior Notes		3.000	%		10/15/30		600,000		513,093
Cigna Group, Senior Notes		2.400	%		3/15/30		348,000		298,556
CVS Health Corp., Senior Notes		3.750	%		4/1/30		600,000		553,926
HCA Inc., Senior Notes		5.625	%		9/1/28		400,000		403,222
UnitedHealth Group Inc., Senior Notes		5.000	%		10/15/24		500,000		498,604
Total Health Care Providers & Services									2,267,401
Pharmaceuticals - 0.2%
Pfizer Investment Enterprises Pte Ltd., Senior Notes		4.750	%		5/19/33		550,000		535,794
TOTAL HEALTH CARE									3,351,882
INDUSTRIALS - 0.5%
Aerospace & Defense - 0.2%
Northrop Grumman Corp., Senior Notes		4.750	%		6/1/43		500,000		454,466

See Notes to Schedule of Investments.

    6  LMP Capital and Income Fund Inc. 2024 Quarterly Report

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

SECURITY	RATE			MATURITY DATE		FACE AMOUNT		VALUE
Ground Transportation - 0.1%
XPO Inc., Senior Secured Notes		6.250	%		6/1/28	$	350,000	$	351,444	(b)
Trading Companies & Distributors - 0.2%
United Rentals North America Inc., Senior Notes		3.750	%		1/15/32		500,000		433,180
TOTAL INDUSTRIALS									1,239,090
MATERIALS - 0.3%
Containers & Packaging - 0.1%
Ball Corp., Senior Notes		3.125	%		9/15/31		550,000		463,893
Metals & Mining - 0.2%
Freeport-McMoRan Inc., Senior Notes		5.450	%		3/15/43		500,000		466,045
TOTAL MATERIALS									929,938
TOTAL CORPORATE BONDS & NOTES (Cost - $14,490,996)									14,409,893
						SHARES
INVESTMENTS IN UNDERLYING FUNDS - 2.1%
Ares Capital Corp. (Cost - $5,260,817)							286,890		5,803,785	(a)(d)
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $217,115,192)									334,526,184
SHORT-TERM INVESTMENTS - 3.1%
Dreyfus Government Cash Management, Institutional Shares		5.222	%				676,355		676,355	(e)
JPMorgan 100% U.S. Treasury Securities Money Market Fund, Institutional Class		5.167	%				7,793,487		7,793,487	(e)
TOTAL SHORT-TERM INVESTMENTS (Cost - $8,469,842)									8,469,842
TOTAL INVESTMENTS - 124.9% (Cost - $225,585,034)									342,996,026
Liabilities in Excess of Other Assets - (24.9)%									(68,473,477	)
TOTAL NET ASSETS - 100.0%								$	274,522,549

* Non-income producing security.

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

(b) 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.

(c) 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.

(d) Security is a business development company.

(e) Rate shown is one-day yield as of the end of the reporting period.

See Notes to Schedule of Investments.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      7

LMP CAPITAL AND INCOME FUND INC.

Schedule of investments (unaudited) (cont’d) February 29, 2024

(Percentages shown based on Fund net assets)

Abbreviation(s) used in this schedule:

REIT	— Real Estate Investment Trust
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.

    8  LMP Capital and Income Fund Inc. 2024 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 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 Fund’s Board of Directors.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      9

Notes to Schedule of Investments (unaudited) (continued)

Pursuant to policies adopted by the Board of Directors, 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 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.

    10  LMP Capital and Income Fund Inc. 2024 Quarterly Report

Notes to Schedule of Investments (unaudited) (continued)

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	$	237,415,298		—		—	$	237,415,298
Master Limited Partnerships		60,341,919		—		—		60,341,919
Convertible Preferred Stocks:
Utilities		5,403,168	$	1,079,694		—		6,482,862
Other Convertible Preferred Stocks		10,072,427		—		—		10,072,427
Corporate Bonds & Notes		—		14,409,893		—		14,409,893
Investments in Underlying Funds		5,803,785		—		—		5,803,785
Total Long-Term Investments		319,036,597		15,489,587		—		334,526,184
Short-Term Investments†		8,469,842		—		—		8,469,842
Total Investments	$	327,506,439	$	15,489,587		—	$	342,996,026

† See Schedule of Investments for additional detailed categorizations.

LMP Capital and Income Fund Inc. 2024 Quarterly Report      11