\n\u00a0<\/p>\n<\/td>\n
\nFor the period of January 1, 2023 to March 31, 2023<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nNet increase in net assets applicable to common shareholders resulting from operations<\/p>\n<\/td>\n
\n$ 3,593,185<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
Adjustments to arrive at FFO:<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nNet realized gain on investments<\/p>\n<\/td>\n
\n(11,213)<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nChange in net unrealized appreciation (depreciation) of investments<\/p>\n<\/td>\n
\n1,623,121<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
FFO attributable to common shareholders<\/b><\/p>\n<\/td>\n
5,205,093<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
Adjustments to arrive at AFFO:<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nAmortization of premium (accretion of discount) on real estate securities<\/p>\n<\/td>\n
\n(103,277)<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nAmortization of deferred origination fees<\/p>\n<\/td>\n
\n(47,854)<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nAmortization of deferred loan financing costs<\/p>\n<\/td>\n
\n220,358<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nAmount attributable to non-consolidated joint ventures for above adjustments<\/p>\n<\/td>\n
\n63,461<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
AFFO attributable to common shareholders<\/b><\/p>\n<\/td>\n
5,337,781<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
Adjustments to arrive at FAD:<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nRecurring tenant improvements, leasing commissions and other capital expenditures<\/p>\n<\/td>\n
\n(155,973)<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nUndistributed\/(overdistributed) income attributable to non-consolidated joint ventures<\/p>\n<\/td>\n
\n3,581<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
\nAmount attributable to non-consolidated joint ventures for above adjustments<\/p>\n<\/td>\n
\n(84,640)<\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0<\/p>\n<\/td>\n
FAD attributable to common shareholders<\/b><\/p>\n<\/td>\n
$ 5,100,749<\/b><\/p>\n<\/td>\n
\n\u00a0<\/p>\n<\/td>\n<\/tr>\n
Distributions to common shareholders<\/b><\/p>\n<\/td>\n
$ (7,448,765)<\/b><\/p>\n<\/td>\n
\nClarion Partners Real Estate Income Fund is a non-diversified, closed-end management investment company that continuously offers its common stock. The Fund\u2019s investment manager, Legg Mason Partners Fund Advisor, LLC, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (\u201cFranklin Resources\u201d) and the Fund\u2019s investment sub-adviser, Clarion Partners, LLC (\u201cClarion Partners\u201d), is an indirect, majority-owned subsidiary of Franklin Resources. In addition, the Fund\u2019s securities sub-adviser, Western Asset Management Company, LLC (\u201cWestern Asset\u201d), also is an indirect wholly-owned subsidiary of Franklin Resources.<\/p>\n
\nData and commentary provided in this press release are for informational purposes only. Hard copies of the Fund\u2019s complete audited financial statements are available free of charge upon request. For more information on CPREIF, go to www.cpreif.com.<\/a><\/p>\n \nTHIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES. 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 \u201cMAY,\u201d \u201cWILL,\u201d \u201cEXPECT,\u201d \u201cANTICIPATE,\u201d \u201cESTIMATE,\u201d \u201cBELIEVE,\u201d \u201cCONTINUE\u201d OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE FUND\u2019S 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\u2019S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.<\/p>\n About Clarion Partners<\/b><\/p>\n \nClarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With approximately $81.6 billion in total assets under management as of March 31, 2023, Clarion Partners offers a broad range of both debt and equity real estate strategies across the risk\/return spectrum to its more than 500 domestic and international institutional investors. More information is available at www.clarionpartners.com<\/a>.<\/p>\n About Western Asset<\/b><\/p>\n \nWestern Asset is one of the world\u2019s leading fixed-income managers with 50 years of experience and $402.1 billion in assets under management (AUM) as of March 31, 2023. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed income sectors. Founded in 1971, Western Asset has been recognized for delivering superior levels of client service alongside its approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com<\/a>.<\/p>\n Western Asset is an independent specialist investment manager of Franklin Templeton.<\/i><\/p>\n About Franklin Templeton<\/b><\/p>\n \nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton\u2019s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.4 trillion in AUM as of March 31, 2023. For more information, please visit franklinresources.com<\/a>.<\/p>\n \nCategory: Fund Announcement<\/p>\n \nSource: Legg Mason Closed End Funds<\/p>\n \nSource: Franklin Resources, Inc.<\/p>\n<\/p>\n