Franklin Resources Inc - Mar 11, 2022 Form 4 Insider Report for Clarion Partners Real Estate Income Fund Inc. (N/A)

Role: Affiliate of Investment Adv., 10%+ Owner
Signature: /s/ Lori A. Weber, Assistant Secretary of Franklin Resources, Inc., on behalf of Franklin Resources, Inc. and its affiliates
Stock symbol: N/A
Transactions as of: Mar 11, 2022
Transactions value $: $8,200,000
Form type: 4
Date filed: 3/15/2022, 09:45 AM
Previous filing: Feb 23, 2022
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	N/A	Common Stock	Purchase	$8.2M	+668K	+5.38%	$12.27^*	13.1M	Mar 11, 2022	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Class I Shares
F2	Franklin Resources, Inc.("FRI") owns 13,081,316.678 shares in the aggregate among four share classes. Specifically, FRI owns 5,223.242 Shares of Class S Shares, 5,232.408 Shares of Class T Shares, 5,250.651 Shares of Class D Shares and 13,065,610.377 Shares of Class I Shares.
F3	Includes shares acquired through the Fund's Dividend Reinvestment Plan exempt under Rule 16a-11.
F4	See Exhibits 99-1 and 99-2 for text of footnote, which Exhibits are incorporated by reference herein.