Salomon Brothers Capital and Income Fund Inc. Declares Distribution of $0.10000 per Share for June, July and August 2004 NEW YORK, May 19 /PRNewswire-FirstCall/ -- Salomon Brothers Capital and Income Fund Inc., which is traded on the New York Stock Exchange under the symbol "SCD," announced today a distribution of $0.10000 per common share for the months of June, July and August 2004. The distribution schedule appears below: Ex-Dividend Record Payable June 6/11/04 6/15/04 6/25/04 July 7/9/04 7/13/04 7/30/04 August 8/13/04 8/17/04 8/27/04 Commencing with its initial distribution, the Fund intends to make regular monthly distributions to shareholders at a fixed rate per common share based on the projected performance of the Fund, which rate may be adjusted from time to time. The goal of this managed distribution policy is to provide investors with a stable monthly distribution out of current income and net short-term capital gains to the extent they exceed net long-term capital losses, supplemented by realized net long-term capital gains and, to the extent it becomes necessary, return of capital. Monthly distributions based on such a level-rate policy may require the Fund to make multiple distributions of long- term capital gains during a single fiscal year. Some distributions may need to be re-designated at year-end on Federal Form 1099. Salomon Brothers Capital and Income Fund Inc., a non-diversified closed- end investment management company, is managed by Salomon Brothers Asset Management Inc., an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers Capital and Income Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds, +1-212-291-3775, or Edward Giltenan, Head of Public Relations, +1-212-559-6746, both of Citigroup Asset Management for Salomon Brothers Capital and Income Fund Inc. Web site: http://www.sbam.com/

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