Clarion Partners Real Estate Income Fund Inc.

Clarion Partners Real Estate Income Fund Inc. (CPREX) is a non-diversified, closed-end management investment company that continuously offers its shares and focuses on providing individual investors with direct exposure to a high-quality portfolio of income-producing private real estate and real estate-related securities. The fund leverages Clarion Partners' expertise in real estate, offering an innovative solution designed with the investor in mind. CPREX aims to provide access to private real estate transactions that have historically been available primarily to larger investors with significantly higher minimums. The fund's investment strategy involves direct investments in commercial real estate. On a long-term basis and under normal market conditions, Clarion Partners expects to allocate no less than 60% of the portfolio to private commercial real estate and up to 40% to real estate securities and cash/cash equivalents and other short-term investments. CPREX is valued daily and targets quarterly liquidity. The fund elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. As of March 31, 2026, the fund had total assets of $1.67 billion. Sources: [1] https://www.franklintempleton.com/investments/options/tender-offer-funds/products/92083/I/clarion-partners-real-estate-income-fund-inc/CPREX [2] https://www.franklintempleton.com/investments/options/tender-offer-funds/products/92083/D/clarion-partners-real-estate-income-fund-inc/CPRDX [3] https://www.sec.gov/Archives/edgar/data/1762562/000119312520065285/d882790dpos8c.htm [4] https://www.clarionpartners.com/our-approach/our-expertise [5] https://www.clarionpartners.com/news/legg-mason-clarion-partners-launch-registered-real-estate-fund-individual-investors [6] https://www.franklintempleton.com/private-markets/cprex