Bulldog Investors buys $35 Million stake in LMP Real Estate Income Fund (RIT)

LMP Real Estate Income Fund (RIT) : Bulldog Investors scooped up 179,628 additional shares in LMP Real Estate Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,504,359 shares of LMP Real Estate Income Fund which is valued at $35 Million.LMP Real Estate Income Fund makes up approximately 8.44% of Bulldog Investors’s portfolio.

Other Hedge Funds, Including , Yakira Capital Management boosted its stake in RIT in the latest quarter, The investment management firm added 276,760 additional shares and now holds a total of 437,410 shares of LMP Real Estate Income Fund which is valued at $6.1 Million. LMP Real Estate Income Fund makes up approx 2.33% of Yakira Capital Management’s portfolio.Thompson Siegel Walmsley reduced its stake in RIT by selling 500 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 17,500 shares of RIT which is valued at $244,475. Icon Advisers Incco sold out all of its stake in RIT during the most recent quarter. The investment firm sold 233,763 shares of RIT which is valued $3.3 Million.Mariner Investment Group reduced its stake in RIT by selling 316,578 shares or 88.06% in the most recent quarter. The Hedge Fund company now holds 42,939 shares of RIT which is valued at $602,434. LMP Real Estate Income Fund makes up approx 0.17% of Mariner Investment Group’s portfolio.Ifp Advisors Inc reduced its stake in RIT by selling 593 shares or 28.02% in the most recent quarter. The Hedge Fund company now holds 1,523 shares of RIT which is valued at $21,368.

LMP Real Estate Income Fund opened for trading at $13.8 and hit $13.87 on the upside on Wednesday, eventually ending the session at $13.85, with a gain of 0.51% or 0.07 points. The heightened volatility saw the trading volume jump to 88,914 shares. Company has a market cap of $149 M.

LMP Real Estate Income Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is high current income and the Fund’s secondary objective is capital appreciation. The Fund primarily invests in income-producing common shares preferred shares convertible preferred shares and debt securities issued by real estate companies including real estate investment trusts (REITs). Legg Mason Partners Fund Advisor LLC (LMPFA) is the Fund’s investment manager and ClearBridge Investments LLC (ClearBridge) is the Fund’s sub-adviser. LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason Inc.

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