Tender Offer - Clarion Partners Real Estate Income Fund Inc.

Add to your watchlist
Back to List of Tender Offers

Form Type: N-2

Filing Date: 2025-04-30

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525107465

Filing Summary: Clarion Partners Real Estate Income Fund Inc. filed a registration statement under the Securities Act of 1933 and the Investment Company Act of 1940 on April 30, 2025, to update financial information and register new interests. The Fund intends to conduct quarterly tender offers to repurchase up to 5% of its Common Stock at the applicable NAV per share. The registration statement describes the structure of the Fund, which continuously offers shares of common stock with the aim of providing current income and long-term capital appreciation. Clarion Partners has outlined an investment strategy targeting at least 80% of net assets in private commercial real estate and publicly traded real estate securities. The Fund may use leverage to enhance its investment capabilities, with a revolving credit agreement in place to borrow up to $125 million, potentially increasing to $300 million. Investment manager Franklin Templeton oversees the Fund, with Clarion Partners as the investment sub-adviser, ensuring a focus on real estate investments across various strategies.

Additional details:

Class Of Stock: Class I Shares

Class Of Stock: Class D Shares

Class Of Stock: Class S Shares

Class Of Stock: Class T Shares

Nav Per Share Offer Price: Current NAV

Maximum Sales Load: 3.0%

Dealer Manager Fee: 0.5%

Form Type: SC TO-I

Filing Date: 2025-03-14

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525054653

Filing Summary: Clarion Partners Real Estate Income Fund Inc. initiated an issuer tender offer to purchase for cash up to 5.0% of its outstanding common stock shares, identified by various classes with specified par values and CUSIP numbers. The offer is governed by Rule 13e-4 under the Securities Exchange Act of 1934. The Fund may increase the number of shares accepted for purchase by an additional 2.0% of the aggregate net asset value without amending or extending the offer. The Offer to Purchase dated March 14, 2025, outlines the terms of the transaction, including acceptance for payment, procedure for tendering shares, rights of withdrawal, and conditions to the offer. The shares are not currently traded on an established secondary market, and contact details of the Fund's secretary and legal representatives are provided within the document.

Additional details:

Title Of Class Of Securities: Class S Shares of Common Stock

Cusp Number Of Class Of Securities: 180567109

Title Of Class Of Securities: Class T Shares of Common Stock

Cusp Number Of Class Of Securities: 180567208

Title Of Class Of Securities: Class D Shares of Common Stock

Cusp Number Of Class Of Securities: 180567307

Title Of Class Of Securities: Class I Shares of Common Stock

Cusp Number Of Class Of Securities: 180567406

Form Type: SC TO-I/A

Filing Date: 2025-01-21

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525009598

Filing Summary: This document is a Final Amendment to the Issuer Tender Offer Statement originally filed on December 13, 2024, by Clarion Partners Real Estate Income Fund Inc. The amendment reports the results of the tender offer for the purchase of the Fund's Common Stock, representing up to 5.0% of the Fund's aggregate net asset value. The offer expired on January 14, 2025, and the Fund reported the tender results, indicating that a total of 9,008.4880 Class S, 202,717.6800 Class T, 71,769.5030 Class D, and 2,032,941.1974 Class I Shares were validly tendered. The repurchase prices per share were set at $11.61 for Class S, $11.60 for Class T, and $11.62 for both Class D and Class I Shares. The information remains as previously reported, with no changes to the details except those provided in this amendment.

Additional details:

Expiration Time: 2025-01-14T16:00:00-05:00

Class S Shares Tendered: 9008.4880

Class T Shares Tendered: 202717.6800

Class D Shares Tendered: 71769.5030

Class I Shares Tendered: 2032941.1974

Repurchase Price Class S: 11.61

Repurchase Price Class T: 11.60

Repurchase Price Class D: 11.62

Repurchase Price Class I: 11.62

Form Type: SC TO-I

Filing Date: 2024-12-13

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312524278197

Filing Summary: Clarion Partners Real Estate Income Fund Inc. has filed a tender offer to purchase cash outstanding shares of its Common Stock, representing up to 5.0% of the Fund's aggregate net asset value. The Offer to Purchase is dated December 13, 2024, and may be increased to include an additional 2.0% of the Fund's aggregate net asset value without amendment. The filing does not relate to any preliminary communications, third-party offers, or going-private transactions. The shares are not traded on an established secondary market, and the filing is made in compliance with Rule 13e-4 under the Securities Exchange Act of 1934.

Additional details:

Tender Offer Price: not specified

Percentage Tendered: 5.0%

Additional Percentage: 2.0%

Net Asset Value: not specified

CUSIP Class S: 180567109

CUSIP Class T: 180567208

CUSIP Class D: 180567307

CUSIP Class I: 180567406

Comments

No comments yet. Be the first to comment!