LMP Real Estate Income Fund Inc. Announces Financial Position as of September 30, 2014

NEW YORK--()--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.

Contacts

Media:
LMP Real Estate Income Fund Inc.
Maria Rosati, (212) 805-6036
mrosati@leggmason.com

Contacts

Media:
LMP Real Estate Income Fund Inc.
Maria Rosati, (212) 805-6036
mrosati@leggmason.com