Salomon Brothers Capital and Income Fund Inc
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Salomon Brothers Capital and Income Fund Inc. Announces New Share Repurchase Program NEW YORK, June 27, 2006 Business Wire -- The Board of Directors of Salomon Brothers Capital and Income Fund Inc. (the "Fund"), which is listed on the New York Stock Exchange under the symbol "SCD," today announced that it has re-authorized the Fund to repurchase from time to time in the open market up to 1,000,000 shares of the Fund's common stock. The Board of Directors directed the management of the Fund to repurchase shares of the Fund's common stock at such times and in such amounts as management believes will enhance shareholder value, subject to review by the Fund's Board of Directors. This is the third repurchase program authorized by the Board of Directors of the Fund. Pursuant to the Fund’s previous two repurchase program of up to 1,000,000 shares each, the Fund has currently repurchased approximately 1,944,100 shares; there are still approximately 55,900 additional shares authorized and remaining to be repurchased under the second program which was announced in February of 2006. Upon completion of this authorization, the third repurchase program will become effective. Salomon Brothers Capital and Income Fund Inc., a non-diversified closed-end investment company, is managed by Salomon Brothers Asset Management Inc, a wholly owned subsidiary of Legg Mason, Inc. For more information about the Fund, call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/InvestorServices. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward- looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue" or other similar words. Such forward- looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's filings with the Securities and Exchange Commission. Note: “Smith Barney,” “Salomon Brothers” and “Citi” are service marks of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund’s investment manager, are not affiliated with Citigroup. CONTACT: Brenda Grandell, Director, Closed-End Funds Legg Mason & Co., LLC 212-291-3775 Media Relations: Mary Athridge Public Relations Legg Mason & Co., LLC 212-559-0104 .