Business & Finance
Business and Finance
Business and Finance
Fri, July 23, 2010
Thu, July 22, 2010 
NEW YORK--([ BUSINESS WIRE ])--LMP Real Estate Income Fund Inc. (NYSE: RIT) announces its portfolio composition as of June 30, 2010.
Investment Objective: The Fund seeks high current income as a primary objective and capital appreciation as a secondary objective.
Portfolio Composition:* | ||
Common Stocks | 59.0% | |
Preferred Stocks | 40.2% | |
Cash | 0.8% | |
| Total Number of Common Stocks: | 27 | |
| Total Number of Preferred Stocks: | 27 | |
| Total Number of Securities: | 54 | |
| Total Number of Issuers: | 44 |
Industry Allocations (%) | ||||||
Common | Preferred | Total | ||||
| Office & Industrial | 17.5 | 8.7 | 26.2 | |||
| Retail | 10.5 | 11.6 | 22.1 | |||
| Healthcare | 10.1 | 2.5 | 12.6 | |||
| Net Lease | 11.1 | 2.5 | 13.6 | |||
| Residential | 7.6 | 3.2 | 10.8 | |||
| Other | 1.2 | 6.9 | 8.1 | |||
| Hotel | 1.0 | 4.8 | 5.8 | |||
| Cash |
| 0.8 |
Top 10 Holdings (%) | ||
| Urstadt Biddle Properties Series C PFD | 4.44 | |
| Macerich Company (the) | 4.32 | |
| First Potomac Realty Trust | 3.82 | |
| Kimco Realty Series G PFD | 3.62 | |
| HCP Inc. | 3.52 | |
| Entertainment Pptys Trust | 3.39 | |
| Public Storage Series L PFD | 3.34 | |
| Kilroy Realty Corp. | 3.31 | |
| Camden Property Trust | 3.27 | |
| National Retail Properties | 3.22 |
Portfolio Statistics: | |
Inception Date | July 31, 2002 |
Inception Price | $15.00 |
Total Assets | $146,406,310 |
Net Assets** | $106,406,310 |
Loans*** | 27.32% |
Preferred Shares*** | 0.00% |
Reverse Repos*** | 0.00% |
Market Price: | $8.24 |
NAV | $9.31 |
(Daily NAV is available on market quotation systems using the symbol XRITX.) | |
Distribution Rate**** | $ 0.0600 per share |
Frequency | Monthly (declared quarterly, paid monthly) |
| |
| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |
| ** | The difference between total assets and net assets, if any, is due primarily to the Funda™s use of borrowings and other assets and liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Funda™s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded. | |
| *** | Percentages are based on total assets. | |
| **** | Pursuant to its managed distribution policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may terminate the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for the Fund's shares. |
LMP Real Estate Income Fund Inc. is a non-diversified, closed-end management investment company. Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., serves as the Fund's investment manager and AEW Capital Management, L.P., serves as the Fund's sub-adviser.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Investor Relations: 888-777-0102, or consult the Funda™s web site at [ www.leggmason.com/investorservices ].
FN0911862
