LMP Capital and Income Fund Announces Commencement of Tender Offer Up to 8,989,232 shares

LMP Capital and Income Fund Inc.

announced today that the Fund is offering to purchase up to 30% of the Fund's common stock, equivalent to up to 8,989,232 shares of its issued and outstanding shares of common stock, at a price equal to 98% of the Fund's net asset value per share on the day on which the tender offer expires. The offer commences today and will expire at 5:00 pm, New York time, on June 30, 2011, unless extended. The tender offer is being made and stockholders will be notified in accordance with the requirements of the Securities Exchange Act of 1934, as amended, and the Investment Company Act of 1940, as amended, either by publication or mailing or both. If more than 8,989,232 shares are tendered, the Fund will purchase shares from tendering stockholders on a pro-rata basis (disregarding fractional shares), in accordance with the terms and conditions specified in the Offer to Purchase.