Anonymous ID: fca022 Jan. 28, 2020, 12:54 p.m. No.7944547   🗄️.is đź”—kun   >>4690

Clarion Partners Ltd bought by Legg Mason Inc: $21.20m-Spet 4 and Nov 27 2019'

Clarion Partners has been a leading pure-play real estate investment manager since 1982. Headquartered in New York, the firm maintains offices across the U.S. and Europe. With over $50 billion in total assets under management, Clarion offers a broad range of real estate strategies across the risk/return spectrum to global investors.

 

Legg Mason is an American investment management firm with a focus on asset management and serves customers worldwide. Legg Mason offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments (via a funds-of-hedge-funds manager). Created in 1970 through the acquisition of Mason & Co. by Legg & Co. to form Legg Mason & Co., Inc., Legg Mason is now among the largest asset managers in the world. Legg Mason serves individual and institutional investors on six continents, and has some $752.3 billion in aggregated assets under management as of April 30, 2018. Legg Mason operates using a multi-manager business model, with each of the company’s subsidiaries operating independently in its own segment of the asset management industry. It provides global distribution and fosters growth through product development, investing in its existing affiliates, and making new acquisitions

 

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Results of Tender Offer

Clarion Partners Real Estate Income Fund Inc. (“CPREIF” or the “Fund”) announced today the results of its issuer tender offer for up to 5.0% of the Fund’s aggregate net asset value (“NAV”), or $1.07 million, at a price per share equal to the net asset value per share of each class of common stock, as of January 21, 2020, the date on which the tender offer expired.

 

No shares were duly tendered. The Fund intends, but is not obligated, to conduct quarterly tender offers for up to 5.0% of the aggregate NAV of its common stock then outstanding as of the applicable valuation date. Repurchases will be made at such times and on such terms as may be determined by the Fund’s Board of Directors, in its sole discretion. However, no assurance can be given that repurchases will occur or that any common stock properly tendered will be repurchased by the Fund.

https://www.marketwatch.com/press-release/clarion-partners-real-estate-income-fund-inc-cpreif-announces-results-of-tender-offer-2020-01-22

https://www.finviz.com/insidertrading.ashx?oc=704051&tc=7&b=2