Clarion Partners Fund Shares Tender Offer Results Released

Clarion Partners Real Estate Income Fund Inc. Updates Results

Clarion Partners Real Estate Income Fund Inc. (the “Fund”) has announced the outcomes of its recent issuer tender offer. This tender offer targeted up to 5.0% of the Fund’s aggregate net asset value (“NAV”), which equates to approximately $42.6 million. The price per share was determined based on the NAV of each class of common stock as of the close of trading on the New York Stock Exchange on a specified date. This detailed announcement comes as part of the Fund's ongoing commitment to provide transparent communication to its investors.

Tender Offer Breakdown

The tender offer is a crucial component for shareholders who are looking for liquidity options. Below is a summary of the classes of shares and the results:

Class S Shares (CPRSX)

A total of 9,008.4880 Class S Shares were tendered for repurchase at a purchase price of $11.61 per share. The percentage of these shares compared to the Fund's NAV reflects prudent asset management by the Fund.

Class T Shares (CPRTX)

Class T Shares saw significant activity with 202,717.6800 shares tendered. The purchase price was set at $11.60 per share, showing the Fund's strategic pricing aligned with market conditions.

Class D Shares (CPRDX)

For Class D Shares, 71,769.5030 were tendered and accepted at $11.62 per share. This reflects the Fund's value proposition in the competitive market.

Class I Shares (CPREX)

Class I Shares led the tender offer with 2,032,941.1974 shares accepted at $11.62 per share. This indicates strong investor confidence and interest in this class.

All payments for accepted shares have already been processed. The Fund will continue to manage shares that were either not tendered or not accepted, ensuring ongoing benefits for its investors.

Communication and Further Assistance

For inquiries regarding the tender offer, shareholders or interested parties should contact SS&C Global Investor & Distribution Solutions, Inc., which is acting as the Information Agent. They can be reached toll-free at a provided phone number.

About Clarion Partners

Clarion Partners, a leading investment adviser, has a rich history in real estate management spanning over 40 years. Based in New York, the firm operates strategically in various regions, managing around $73.2 billion in total assets. Their diverse strategies cater to a wide spectrum of institutional investors based both domestically and internationally. Clarion Partners stands out for its persistent dedication to quality and performance in real estate investment management.

About Western Asset and Franklin Templeton

Western Asset Management, a subsidiary of Franklin Templeton, holds a significant position in fixed-income management with a robust asset pool under its supervision. Meanwhile, Franklin Resources, Inc., the parent company, boasts a diverse range of investment offerings and extensive resources dedicated to serving clients globally. With over $1.6 trillion in assets, Franklin Templeton maintains its reputation for excellence in asset management.

Frequently Asked Questions

What is the purpose of the tender offer announced by Clarion Partners?

The tender offer allows shareholders to sell back a specified amount of shares to the Fund, providing them financial liquidity options and helping manage the overall asset value.

What are the details of the shares tendered in the offer?

The offer included Class S, T, D, and I Shares with thousands of shares tendered at market-aligned prices ranging from $11.60 to $11.62 per share.

Who should I contact for more information about the tender offer?

For more information, shareholders can reach out to SS&C Global Investor & Distribution Solutions, Inc., the Information Agent for the tender offer.

How does Clarion Partners manage its investments?

Clarion Partners applies a diverse range of strategies across various real estate sectors, focusing on maximizing returns for its institutional clients.

What role does Franklin Templeton play in this investment structure?

Franklin Templeton operates as the parent company to Clarion Partners, providing broad investment management expertise and resources to support its subsidiaries.

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