Franklin Resources Inc - Jul 25, 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 subsidiaries
Stock symbol: N/A
Transactions as of: Jul 25, 2022
Transactions value $: $25,000,000
Form type: 4
Date filed: 7/29/2022, 12:10 PM
Previous filing: Jul 26, 2022
Next filing: Jul 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	N/A	Common Stock	Purchase	$25M	+1.97M		$12.69^*	1.97M	Jul 25, 2022	See Footnote	F1, F2
holding	N/A	Common Stock						14.1M	Jul 25, 2022	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	See Exhibits 99-1 and 99-2 for text of footnote, which Exhibits are incorporated by reference herein.
F2	Franklin Income Fund, a series of Franklin Custodian Funds, an investment company registered under the Investment Company Act of 1940, has an interest in 1,970,055.1620 Class I shares of Common Stock of the Issuer.
F3	Franklin Resources, Inc.("FRI") directly owns 14,079,686.686 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 14,063,980.385 Shares of Class I Shares.