Clarion Partners Real Estate Income Fund Inc. Announces Results of Tender Offer
Clarion Partners Real Estate Income Fund Inc. (“CPREIF” or the “Fund”) Class S Shares (CPRSX), Class T Shares (CPRTX), Class D Shares (CPRDX) and Class I Shares (CPREX) announced today the results of its issuer tender offer for up to 5.0% of the Fund’s aggregate net asset value (“NAV”), or $33.8 million (calculated as of the NAV as of March 4, 2024), at a price per share equal to the NAV per share of each class of common stock (a “Share”) as of the close of the trading session on the New York Stock Exchange on April 15, 2024, the date on which the tender offer expired (the “Expiration Date”).
Information relating to the results of the issuer tender offer is set forth below.
Class of Shares |
Ticker |
Shares Tendered for Repurchase and |
Purchase Price as of |
Pro Ration (if any) |
Class S |
CPRSX |
- |
$11.84 |
N/A |
Class T |
CPRTX |
162,301.759 |
$11.83 |
N/A |
Class D |
CPRDX |
23,761.753 |
$11.84 |
N/A |
Class I |
CPREX |
756,327.487 |
$11.85 |
N/A |
The tendered Shares represent 1.65% of the Fund’s NAV calculated as of March 4, 2024. The Fund has transmitted payment to purchase the duly tendered and accepted Shares on or about April 17, 2024. Shares that were tendered but not accepted for payment, if applicable, and Shares that were not tendered will remain outstanding.
Any questions about the tender offer should be directed to SS&C Global Investor & Distribution Solutions, Inc. (formerly SS&C Technologies, Inc.), the Information Agent for the tender offer, toll free at (844) 534-4627.
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CPREIF is a non-diversified, closed-end management investment company that continuously offers its common stock. The Fund is managed by Franklin Templeton Fund Adviser, LLC (formerly known as Legg Mason Partners Fund Advisor, LLC), an indirect, wholly owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”) and is sub-advised by Clarion Partners, LLC, an indirect, majority-owned subsidiary of Franklin Resources and by Western Asset Management Company, LLC, an indirect wholly-owned subsidiary of Franklin Resources.