FRANKLIN RESOURCES INC - 07 Sep 2022 Form 4 Insider Report for Clarion Partners Real Estate Income Fund Inc. (CPRDX)

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
Issuer symbol: CPRDX
Transactions as of: 07 Sep 2022
Net transactions value: +$25,000,000
Form type: 4
Filing time: 09 Sep 2022, 15:08:33 UTC
Previous filing: 08 Sep 2022
Next filing: 12 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CPRDX	Common Stock	Purchase	$25,000,000	+1,965,409	+50%	$12.72^*	5,903,968	07 Sep 2022	See Footnote	F1, F2
holding	CPRDX	Common Stock						15,793,635	07 Sep 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 5,903,967.904 Class I shares of Common Stock of the Issuer.
F3	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.