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This ships as a 5rd (No plug) (The tubular magazine holds 4rds). Since you can load one in the chamber, of course total capacity will be 5rds. Most vendors designate rifles and shotguns as # of rds the magazine will hold + 1 - In this case 4+1.

Yes it does William. 4+1

In most cases shotguns ship with the "plug" in the box but not installed which you would need to install before hunting Waterfowl and Doves where you are limited to 3 rounds in the gun