AEW Real Estate Income Fund Announces December Distribution of Long-Term Capital Gains.BOSTON -- On December 11, 2006 the AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Real Estate Income Fund (the "Fund"), which is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "RIF Rif (rĭf) or Rif Atlas, range of the Atlas Mts., NE Morocco, NW Africa, curving along the Mediterranean coast from Ceuta to Melilla. Tidighin (8,056 ft/2,455 m) is the highest peak. ," announced a distribution of long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. of $0.496 per common share payable on December 29, 2006 to shareholders of record on December 21, 2006. This distribution supersedes estimated long-term capital gains of $0.161 per common share previously announced on November 27, 2006. This distribution is in addition to the long-term capital gain distribution of $1.069 per common share (for a total long-term capital gain distribution of $1.565 per common share) and the monthly dividend of $0.115 per common share previously announced on October 2, 2006. Estimated short-term capital gains of $0.01 per common share previously announced on November 27, 2006 will not be paid. The Fund's primary investment objective is high current income; its secondary investment objective is capital appreciation. The Fund currently seeks to achieve its investment objectives by investing primarily in common and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. issued by REITs and other real estate companies. The Fund's portfolio manager is Matthew A. Troxell, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. . Jeffrey P. Caira, J. Hall Jones, Jr., CFA, and Roman Ranocha, CFA, are co-portfolio managers of the Fund. The Fund, a non-diversified closed-end investment Closed-End Investment When an investment company issues a fixed number of shares in an actively managed portfolio of securities. The shares are traded in the market just like common stock. Notes: Most mutual funds are open-end funds, not closed-end. management company, is advised by AEW Management and Advisors, L.P., an affiliate of AEW Capital Management, L.P. ("AEW"), which is a subsidiary of IXIS Asset Management US Group, L.P. Founded in 1981, AEW provides real estate investment management services to investors worldwide, focusing on directly held real estate assets, real estate equity securities, real estate opportunity funds, and international investments. AEW and its affiliates currently manage over $26 billion1 of capital, which is invested in $37.3 billion1 of real estate and securities in North America and Europe. For further information, visit www.aew.com or www.ixisag.com/aew_rif/. 1As of 9/30/06 |
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