LMP Real Estate Income Fund Inc. Announces Financial Position as of September 30, 2014
November 24 2014 - 8:00AM
Business Wire
LMP Real Estate Income Fund Inc. (NYSE:RIT) announced today the
financial position of the Fund as of September 30, 2014.
Current Q Previous Q Prior Yr Q
September 30, 2014 June 30, 2014 September 30,
2013 Total Assets (a) $ 183,126,826 $ 191,046,743 $ 174,345,686
Total Net Assets (a) $ 145,893,633 $ 153,833,533 $ 137,081,528 NAV
Per Share of Common Stock (b) $ 12.75 $ 13.45 $ 11.98 Market Price
Per Share $ 11.23 $ 11.51 $ 10.53 Premium / (Discount) (11.92 )%
(14.42 )% (12.10 )% Outstanding Shares 11,441,022 11,441,022
11,441,022 Total Net Investment Income (c) $ 2,985,719 $
(199,119 ) $ 1,469,450 Total Net Realized/Unrealized Gain/(Loss)
(c) $ (8,866,235 ) $ 11,943,077 $ (7,523,199 ) Net Increase
(Decrease) in Net Assets From Operations (c) $ (5,880,516 ) $
11,743,958 $ (6,053,749 )
Earnings per Common
Share Outstanding Total Net Investment Income (c) $ 0.26 $
(0.02 ) $ 0.13 Total Net Realized/Unrealized Gain/(Loss) (c) $
(0.78 ) $ 1.04 $ (0.66 ) Net Increase (Decrease) in Net
Assets From Operations (c) $ (0.52 ) $ 1.02 $ (0.53 )
Undistributed/(Overdistributed) Net Investment Income (d) $
(1,216,010 ) $ (2,142,345 ) $ (3,459,011 )
Undistributed/(Overdistributed) Net Investment Income Per Share (d)
$ (0.11 ) $ (0.19 ) $ (0.30 ) Loan Outstanding (d) $
37,000,000 $ 37,000,000 $ 37,000,000
Footnotes:
(a) The difference between total assets and total net assets is
due primarily to the Fund’s use of borrowings, which are included
in total assets; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last
business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission as well as its
complete schedule of portfolio holdings for the first and third
quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website
at www.sec.gov. To obtain information
on Form N-Q or a semi-annual or annual report from the Fund,
shareholders can call 1-888-777-0102.
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 ClearBridge Investments,
LLC (“ClearBridge”) acts as sub-adviser. ClearBridge is an
affiliate of LMPFA.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s web site at www.lmcef.com. Hard copies of the
Fund’s complete audited financial statements are available free of
charge upon request.
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.
Media:LMP Real Estate Income Fund Inc.Maria Rosati, (212)
805-6036mrosati@leggmason.com
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