LMP Real Estate Income Fund Inc. Announces Financial Position as of September 30, 2009

November 5, 2009 5:00 PM EST

NEW YORK--(BUSINESS WIRE)-- LMP Real Estate Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "RIT," today announced the financial position of the Fund as of September 30, 2009.

                        Current Qtr          Previous Qtr     Prior Yr Qtr

                        September 30, 2009   June 30, 2009    September 30, 2008

Total Assets (a)        $ 128,486,508        $ 96,309,213     $ 224,050,721

Total Net Assets (a)    $ 96,204,260         $ 69,427,382     $ 150,537,682

NAV Per Share of        $ 8.43               $ 6.11           $ 13.27
Common Stock (b)

Market Price Per Share  $ 8.81               $ 6.42           $ 11.49

Premium/(Discount)        4.51        %        5.07       %     (13.41      %)

Outstanding Shares        11,416,267           11,366,424       11,346,008

Total Net Investment    $ 1,177,416          $ 1,433,199      $ 2,472,836
Income (c)(d)

Total Net Investment
Income Per Share (c)    $ 0.10               $ 0.13           $ 0.22
(d) **

Distributions paid to
Preferred Shareholders

from Net Investment     $ -                  $ -              $ (454,625    )
Income (c)**

Distributions paid to
Preferred Shareholders

from Net Investment
Income Per Share        $ -                  $ -              $ (0.04       )
(c)****

Total Net
Realized/Unrealized     $ 27,950,459         $ 21,655,993     $ (5,595,742  )
Gain/(Loss) (c)

Total Net
Realized/Unrealized     $ 2.46               $ 1.91           $ (0.49       )
Gain/(Loss) Per Share
(c) **

Overdistributed Net     $ (3,876,652  )      $ (2,321,779 )   $ (12,081,719 )
Investment Income (e)

Overdistributed Net
Investment Income

Per Share (e) **        $ (0.34       )      $ (0.20      )   $ (1.06       )

Footnotes:

     The difference between total assets and total net assets is due primarily
(a)  to the Fund's use of borrowings, which are included in total assets; total
     net assets do not include borrowings.

(b)  NAVs are calculated as of the close of business on the last business day in
     the periods indicated above.

(c)  For the quarter indicated.

(d)  Excludes distributions paid to preferred stockholders from net investment
     income.

(e)  As of the period indicated above.

**   Per Share Information based on shares of Common Stock outstanding.

     On August 26, 2008, the Fund redeemed its Auction Rate Preferred Stock
**   using a combination of bank borrowings and proceeds generated from the sale
     of a portion of the Fund's portfolio securities.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission's website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

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.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's website at www.leggmason.com/cef.

All data and commentary provided within this press release is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of the Fund. The Fund's common shares are traded on the New York Stock Exchange.

    Source: LMP Real Estate Income Fund Inc.

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