Real Estate Income Fund as of March 31, 2006.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Real Estate Income Fund Inc. (NYSE NYSE See: New York Stock Exchange : RIT RIT, n See therapy, regenerative injection. ) as of March 31, 2006.
Investment Objective: The Fund seeks high current income as a
primary objective and capital appreciation as a secondary objective.
Portfolio Composition*
Common Stocks 70.7%
Preferred Stocks 28.6
Cash 0.7
Total Number of Common Stocks: 40
Total Number of Preferred Stocks: 36
Total Number of Securities: 76
Total Number of Issuers: 61
Industry Allocations
Common Preferred Total
------ --------- -----
Office & Industrial 23.0% 7.3% 30.3%
Retail 13.9 8.6 22.5
Residential 10.0 4.1 14.1
Net Lease 11.2 0.8 12.0
Healthcare 10.2 2.0 12.2
Hotel 1.8 3.7 5.5
Other 0.6 2.1 2.7
Cash 0.7
Top 10 Holdings
Camden Property Trust 5.28%
ISTAR Financial Inc 3.30%
Healthcare Realty Trust Inc. 3.28%
Liberty Property Trust 3.19%
Macerich Company (the) 3.15%
Kilroy Realty Corp. 3.00%
Heritage Property Investment 2.87%
HRPT Properties Trust 2.86%
Highwoods Properties 2.81%
Brandywine Realty Trust 2.81%
*Portfolio holdings and weightings are subject to change at any time.
Percentages provided above are based on the fund's gross value as of
March 31, 2006.
Portfolio Statistics
Inception Date: July 25, 2002
Inception Price: $15.00
Leverage: $65 million Taxable Auction Rate Preferred Stock
(Issued September 30, 2002); $30 million of
Taxable Auction Rate Preferred Stock (Issued
July 18, 2005)
Total Net Assets: $350,280,609.40
Dividend: $0.109 per share, declared quarterly & paid
monthly
Market Price: $19.86
NAV: $23.06
(Daily NAV is available on market quotation systems using the symbol
XRITX.)
Real Estate Income Fund Inc. is a non-diversified investment management company advised by Citi Fund Management Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason , Inc., and is sub-advised by 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) Management and Advisors, L.P., an affiliate of AEW Capital Management, L.P. For more information, please call Investor Relations Investor relations The process by which the corporation communicates with its investors. : 1-888-735-6507, or consult the Fund's web site at www.leggmason.com/InvestorServices. Note: On December December: see month. 1, 2005, Citigroup Inc. ("Citigroup") sold substantially all of its worldwide asset management business, Citigroup Asset Management ("CAM cam, mechanical device cam, mechanical device for converting a rotating motion into a reciprocating, or back-and-forth, motion, or for changing a simple motion into a complex one. "), to Legg Mason, Inc. ("Legg Mason"). As part of this transaction, the investment adviser for the fund(s) referenced herein became a wholly owned subsidiary of Legg Mason. Under a licensing agreement between Citigroup and Legg Mason, the names of the funds, the names of any classes of shares of funds, and the names of investment advisers of the funds, as well as all logos, trademarks, and service marks related to Citigroup or any of its affiliates ("Citi Marks") are licensed for use by Legg Mason. Citi Marks include, but are not limited to, "Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. ," "Salomon Brothers
Salomon Brothers was a Wall Street investment bank. ," "Citi," and "Citigroup Asset Management". Legg Mason and its affiliates, as well as the Fund's investment adviser, are not affiliated with Citigroup. All Citi Marks are owned by Citigroup, and are licensed for use until no later than one year after the date of the licensing agreement. |
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