LMP Real Estate Income Fund Inc. (“RIT”) Announces Distributions For The Months Of January, February And March 2012

LMP Real Estate Income Fund Inc. (NYSE: RIT) today announced monthly distributions of $0.0600 per common share for January, February and March 2012.

The distribution schedule appears below:

Month
     

Ex-Date
     

Record Date
     

Payable Date
     

Amount
   
January 01/18/2012 01/20/2012 01/27/2012 $0.0600
February 02/15/2012 02/17/2012 02/24/2012 $0.0600
March 03/21/2012 03/23/2012 03/30/2012 $0.0600

Under the terms of the Fund's managed distribution policy, the Fund seeks to maintain a consistent distribution level, stated as a fixed rate per common share per month, that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of the Fund.

The Board of Directors may reduce the Fund's monthly distribution rate in the future or terminate or suspend the managed distribution policy at any time. Any such reduction in the monthly distribution rate, termination or suspension could have an adverse effect on the market price of the Fund's shares.

Based on the Fund's accounting records as of the date of this press release, the Fund estimates that approximately 66.55% of the cumulative distributions through March 31, 2012 are sourced from net investment income and 33.45% constitutes a return of shareholder’s capital. The estimated components of each distribution will be provided to shareholders of record in a separate notice.

Please note that neither this press release nor the separate notice should be used for tax reporting purposes and that each is being provided to announce the amount and estimated source of the Fund's distributions that have been declared by the Board of Directors. In early 2013, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

LMP Real Estate Income Fund Inc. is a non-diversified management investment company. LMPFA, a wholly owned subsidiary of Legg Mason, Inc. ("Legg Mason"), currently serves as the Fund's investment manager and is responsible for the day-to-day management of the Fund.

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

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Copyright Business Wire 2010

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