LMP Real Estate Income Fund Inc. (“RIT”) Announces Distributions for the
Months of January, February and March 2013
NEW YORK -- November 13, 2012
LMP Real Estate Income Fund Inc. (NYSE: RIT) today announced monthly
distributions of $0.0600 per common share for January, February and March
The distribution schedule appears below:
Month Ex-Date Record Payable Amount
January 01/16/2013 01/18/2013 01/25/2013 $0.0600
February 02/13/2013 02/15/2013 02/22/2013 $0.0600
March 03/20/2013 03/22/2013 03/29/2013 $0.0600
Under the terms of the Fund's managed distribution policy, the Fund seeks to
maintain a consistent distribution level, stated as a fixed rate per common
share per month, that may be paid in part or in full from net investment
income and realized capital gains, or a combination thereof. Shareholders
should note, however, that if the Fund's aggregate net investment income and
net realized capital gains are less than the amount of the distribution level,
the difference will be distributed from the Fund's assets and will constitute
a return of the shareholder's capital. A return of capital is not taxable;
rather it reduces a shareholder's tax basis in his or her shares of the Fund.
The Board of Directors may reduce the Fund's monthly distribution rate in the
future or terminate or suspend the managed distribution policy at any time.
Any such reduction in the monthly distribution rate, termination or suspension
could have an adverse effect on the market price of the Fund's shares.
Based on the Fund's accounting records as of the date of this press release,
the Fund estimates that approximately 82.91% of the cumulative distributions
through March 2013 are sourced from net investment income and 17.09%
constitutes a return of shareholder’s capital. The estimated components of
each distribution will be provided to shareholders of record in a separate
Please note that neither this press release nor the separate notice should be
used for tax reporting purposes and that each is being provided to announce
the amount and estimated source of the Fund's distributions that have been
declared by the Board of Directors. In early 2014, after definitive
information is available, the Fund will send shareholders a Form 1099-DIV, if
applicable, specifying how the distributions paid by the Fund during the prior
calendar year should be characterized for purposes of reporting the
distributions on a shareholder's tax return (e.g., ordinary income, long-term
capital gain or return of capital).
LMP Real Estate Income Fund Inc. is a non-diversified management investment
company. Legg Mason Partners Fund Advisor, LLC (“LMPFA”), a wholly owned
subsidiary of Legg Mason, Inc. ("Legg Mason"), serves as the Fund's manager
and, effective September 1, 2012, ClearBridge Advisors, LLC acts as
sub-adviser. ClearBridge is an affiliate of LMPFA.
Contact the Fund at 1-888-777-0102 for additional information, or consult the
Fund’s web site at www.lmcef.com.
Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling shares
of the Fund.
LMP Real Estate Income Fund Inc.
Maria Rosati, 212-805-6036
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