Company Overview of LMP Real Estate Income Fund Inc.
LMP Real Estate Income Fund Inc. is a close ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Clearbridge Advisors, LLC. It invests in the public equity and fixed income markets of the United States. It seeks to invest in income-producing common shares, preferred shares, convertible preferred shares and debt securities operating in real estate sector, including the real estate investment trust. The fund invests in value stocks. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the MSCI U.S. REIT Index. The fund was formerly kn...
620 Eighth Avenue
New York, NY 10018
Founded in 2002
Key Executives for LMP Real Estate Income Fund Inc.
Chief Anti-Money Laundering Compliance officer and Identity Theft Prevention Officer
Principal Financial Officer
Compensation as of Fiscal Year 2012.
LMP Real Estate Income Fund Inc. Key Developments
LMP Real Estate Income Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended March 31, 2013
Jun 11 13
LMP Real Estate Income Fund Inc. reported unaudited earnings results for the quarter ended March 31, 2013. For the quarter, NAV per share of common stock was $13.61 against $11.55 a year ago. Total net investment income was $1,358,451 or $0.12 per share against $1,334,197 or $0.12 per share a year ago. Total net realized/unrealized gain was $17,281,894 or $1.51 per share against $10,458,729 or $0.91 per share a year ago. Net increase in net assets from operations was $18,640,345 or $1.63 per share against $11,792,926 or $1.03 per share a year ago. Over distributed net investment income was $2,160,117 or $0.19 per share against $307,427 or $0.03 per share a year ago.
LMP Real Estate Income Fund Inc. Announces Management Changes Effective June 1, 2013
May 21 13
LMP Real Estate Income Fund Inc. announced the retirement of R. Jay Gerken as Chairman and a Director/Trustee of the Fund and as Chief Executive Officer and President of the Fund, effective June 1, 2013. Mr. Gerken served the Fund for over ten years. The Board of each Fund has appointed Kenneth D. Fuller as a Director/Trustee of the Funds, effective June 1, 2013. Additionally, the Board of the fund has appointed Mr. Fuller as the Chairman, Chief Executive Officer and President of the Fund. Mr. Fuller is a Managing Director of Legg Mason & Co., LLC (since 2013); Officer and/or Director/Trustee of 162 funds associated with Legg Mason Partners Fund Advisor, LLC (since 2013); President and Chief Executive Officer of LM Asset Services, LLC (formerly a registered investment adviser) (since 2013); formerly, Senior Vice President of LMPFA (since 2012); formerly, Director of Legg Mason & Co. (2012 to 2013); formerly, Vice President of Legg Mason & Co. (2009 to 2012); formerly, Vice President of T. Rowe Price Associates (1993 to 2009), as well as Investment Analyst and Portfolio Manager for certain asset allocation accounts (2004 to 2009).
LMP Real Estate Income Fund Inc. Announces Distributions for the Months of July, August and September 2013, Payable on July 26, 2013, August 30, 2013 and September 27, 2013 Respectively
May 21 13
LMP Real Estate Income Fund Inc. announced monthly distributions of $0.0600 per common share for July, August and September 2013. The dividends are payable on July 26, 2013, August 30, 2013 and September 27, 2013, with record date of July 19, 2013, August 23, 2013 and September 20, 2013 and ex-date of July 17, 2013, August 21, 2013 and September 18, 2013, respectively.
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