Franklin Resources Inc - Jul 29, 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 29, 2022
Transactions value $: $21,750,000
Form type: 4
Date filed: 8/2/2022, 09:53 AM
Previous filing: Aug 1, 2022
Next filing: Aug 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	N/A	Common Stock	Purchase	$21.8M	+1.71M	+12.17%	$12.69^*	15.8M	Jul 29, 2022	Direct	F1, F2, F3
holding	N/A	Common Stock						1.97M	Jul 29, 2022	See Footnote	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") directly owns 15,793,634.677 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 15,777,928.376 Shares of Class I Shares.
F3	See Exhibits 99-1 and 99-2 for text of footnote, which Exhibits are incorporated by reference herein.
F4	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.