Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Tender Offer | Ezine Daddy

NEW YORK, May 12, 2022–(BUSINESS WIRE)–Clarion Partners Real Estate Income Fund Inc. (“CPREIF” or the “Fund”), which has Class S Shares (CPRSX), Class T Shares (CPRTX), Class D Shares (CPRDX ) and Class I (CPREX) Shares, announced today that the Fund’s Board of Directors has approved a tender offer for up to 5.0% of the Fund’s Total Net Asset Value (“NAV”), subject to the right to purchase additional Shares in the amount up to 2.0% of the Fund’s NAV without changing or expanding the offering. The tender offer will be executed at a price equal to the Fund’s NAV per common share on the date the tender offer expires. The Fund intends to commence its tender offer on or about June 14, 2022, with the current expected expiry date of the tender offer being July 14, 2022.

In accordance with the Securities Exchange Act, 1934, as amended, the Investment Company Act, 1940, as amended, and other applicable rules and regulations, the Tender Offer is being made and the Shareholders of the Fund are being notified. The takeover offer described in this announcement has not yet started. This announcement is neither an offer to purchase nor a solicitation of an offer to purchase shares in the Fund. The tender offer is being made only by means of a purchase offer, a repurchase request form and related documents. Once the tender offer begins, the Fund will file a Schedule TO Tender Offer Statement with the SEC that will include a tender offer and a corresponding tender request form. SHAREHOLDERS OF THE FUND SHOULD READ THESE DOCUMENTS BECAUSE THEY INCLUDE OR WILL INCLUDE THE TERMS OF THE OFFERING. Documents filed with the SEC are available to investors free of charge at the SEC’s website (http://www.sec.gov).

CPREIF is a closed-end, undiversified investment company offering its common stock on an ongoing basis. The Fund’s Investment Manager, Legg Mason Partners Fund Advisor, LLC, is an indirect wholly owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”) and the Fund’s Sub-Investment Adviser, Clarion Partners, LLC (“Clarion Partners”) , is a indirect majority owned subsidiary of Franklin Resources. In addition, the Fund’s securities sub-adviser, Western Asset Management Company, LLC (“Western Asset”), is also an indirect wholly owned subsidiary of Franklin Resources.

Data and comments in this press release are for informational purposes only. Hard copies of the Fund’s full audited financial statements are available free of charge upon request. For more information about CPREIF, visit www.cpreif.com.

THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR, OR REPRESENTATION FOR USE IN BUYING OR SELLING ANY SHARES OF THE FUND. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS EXCEPT FOR STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY”, “WILL”, “EXPECT”, “EXPECT”, “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, WHICH MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION REGARDING SUCH RISKS AND UNCERTAINTIES WILL BE CONTAINED IN THE FUND’S DEPOSIT WITH THE SECURITIES AND EXCHANGE COMMISSION.

About Clarion Partners

Clarion Partners, an SEC-registered investment advisor with FCA-registered and FINRA member firms, has been a leading US real estate investment manager for more than 39 years. Headquartered in New York, the company has strategically located offices throughout the United States and Europe. With total assets under management of USD 71 billion, Clarion Partners offers its more than 500 domestic and international institutional investors a wide range of real estate strategies across the entire risk-return spectrum. For more information about the company, visit www.clarionpartners.com.

About Western Asset

Western Asset is one of the world’s leading pension managers with 50 years of experience and $449.2 billion in assets under management (AUM) as of March 31, 2022. and bottom-up approach, the firm has nine offices around the world and extensive experience across the spectrum of fixed income sectors. Founded in 1971, Western Asset is known for delivering superior customer service alongside an approach based on team management and extensive proprietary research, backed by sound risk management. To learn more about Western Asset, please visit www.westernasset.com.

Western Asset is an independent specialist investment manager of Franklin Templeton.

About Franklin Templeton

Franklin Resources, Inc. is a global investment management company with subsidiaries trading as Franklin Templeton serving clients in more than 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its dedicated investment managers, the firm brings extensive capabilities across fixed income, equities, alternative investments and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based firm has 75 years of investment experience and had approximately $1.5 trillion in assets under management as of March 31, 2022. Visit www.franklintempleton.com for more information.

Category: Fund Announcement

Source: Franklin Resources, Inc.

Source: Legg Mason closed funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005494/en/

contacts

Media:
Franklin Templeton
Lisa Tibbitts
+1 917-674-8060
Lisa.Tibbitts@franklintempleton.com

Media: Fund Investor Services-1-888-777-0102

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