Franklin Resources, Inc. and Affiliates File Schedule 13D/A for Clarion Partners Real Estate Income Fund Inc.

Franklin Resources, Inc. (FRI), along with Charles B. Johnson, Rupert H. Johnson, Jr., and Franklin Advisers, Inc. (FAV), have filed an amendment to their Schedule 13D for Clarion Partners Real Estate Income Fund Inc. The filing reports that FRI and its investment management subsidiaries, including FAV, beneficially own 23,675,636 Class I Shares of Common Stock, representing 29.4% of the outstanding shares. The shares were acquired for investment purposes and to facilitate the acquisition of the issuer's commercial real estate investments. The Reporting Persons may increase or decrease their position in the issuer depending on market conditions and other factors. The filing also includes details on the voting and dispositive power of the shares, as well as the citizenship and principal business addresses of the Reporting Persons.