0001504304-14-000038.txt : 20140922
0001504304-14-000038.hdr.sgml : 20140922
20140922155340
ACCESSION NUMBER: 0001504304-14-000038
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20140922
DATE AS OF CHANGE: 20140922
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BULLDOG INVESTORS, LLC
GROUP MEMBERS: PHILLIP GOLDSTEIN
GROUP MEMBERS: STEVEN SAMUELS
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: LMP REAL ESTATE INCOME FUND INC.
CENTRAL INDEX KEY: 0001173557
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-80986
FILM NUMBER: 141114064
BUSINESS ADDRESS:
STREET 1: 620 EIGHTH AVENUE
STREET 2: 49TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
BUSINESS PHONE: 8887770102
MAIL ADDRESS:
STREET 1: 620 EIGHTH AVENUE
STREET 2: 49TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10018
FORMER COMPANY:
FORMER CONFORMED NAME: REAL ESTATE INCOME FUND INC
DATE OF NAME CHANGE: 20020617
FORMER COMPANY:
FORMER CONFORMED NAME: SALOMON BROTHERS REAL ESTATE INCOME FUND INC
DATE OF NAME CHANGE: 20020516
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors, LLC
CENTRAL INDEX KEY: 0001504304
IRS NUMBER: 270926182
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
FORMER COMPANY:
FORMER CONFORMED NAME: Brooklyn Capital Management LLC
DATE OF NAME CHANGE: 20101026
SC 13D
1
third.txt
SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
9/11/14
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
328,530
8. SHARED VOTING POWER
305,549
9. SOLE DISPOSITIVE POWER
328,530
_______________________________________________________
10. SHARED DISPOSITIVE POWER
305,549
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
634,079 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.54%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
328,530
8. SHARED VOTING POWER
305,549
9. SOLE DISPOSITIVE POWER
328,530
_______________________________________________________
10. SHARED DISPOSITIVE POWER
305,549
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
634,079 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.54%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
328,530
8. SHARED VOTING POWER
305,549
9. SOLE DISPOSITIVE POWER
328,530
_______________________________________________________
10. SHARED DISPOSITIVE POWER
305,549
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
634,079 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.54%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
328,530
8. SHARED VOTING POWER
305,549
9. SOLE DISPOSITIVE POWER
328,530
_______________________________________________________
10. SHARED DISPOSITIVE POWER
305,549
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
634,079 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.54%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of LMP Real Estate Income Fund Inc. ("RIT or the "Issuer").
The principal executive offices of RIT are located at
620 Eigth Avenue
49th FL
New York, NY 10018
Item 2. IDENTITY AND BACKGROUND
(a) This statement is filed on behalf of Bulldog Investors,LLC, (a Delaware
Limited Liability Company), Phillip Goldstein, Andrew Dakos and Steven Samuels.
(b) The business address of the reporting persons is Park 80 West-Plaza Two,
250 Pehle Ave., Suite 708, Saddle Brook, NJ 07663.
(c) Bulldog Investors,LLC is a registered investment adviser.
Messrs. Goldstein, Dakos and Samuels are control persons of Bulldog
Investors,LLC.
(d) n/a
(e) n/a
(f) Each of Messrs. Goldstein, Dakos and Samuels is a citizen of the United
States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of clients of
Bulldog Investors,LLC.
ITEM 4. PURPOSE OF TRANSACTION
The issuer's common stock has traded at a double-digit discount to net asset
value for more than a year. The filing persons believe that shareholders should
be afforded an opportunity to realize liquidity at net asset value for their
shares via a self-tender offer, open-ending or liquidation. To achieve that
goal, the filing persons may consider taking various actions including
nominating directors and conducting a tender offer for shares of the issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed on February 26,2014, there were 11,441,022 shares
of common stock outstanding as of December 31, 2013. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos and
Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of September 19, 2014, Bulldog Investors, LLC is deemed to be the beneficial
owner of 634,079 shares of RIT (representing 5.54% of RIT's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of, and dispose of, these shares. These 634,079 shares of RIT include 328,530
shares (representing 2.86% of RIT's outstanding shares) that are beneficially
owned by: The following entities over which Messrs. Goldstein, Dakos and
Mr. Samuels exercise control: Opportunity Partners LP, Calapasas West Partners
LP, Full Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd.,
Full Value Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity
Partners, LP (collectively,"Bulldog Investors Group of Funds")).
Bulldog Investors Group of Funds may be deemed to constitute a group. All
other shares included in the aforementioned 634,079 shares of RIT beneficially
owned by Bulldog Investors, LLC (solely by virtue of its power to sell or
direct the vote of these shares) are also beneficially owned by clients
of Bulldog Investors, LLC who are not members of any group. The total number of
these "non-group" shares is 305,549 shares (representing 2.68% of RIT's
outstanding shares).
(b) Bulldog Investors, LLC has sole power to dispose of and vote 328,530 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 305,549 shares.
Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more
than 5% of RIT's shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.
c) During the past 60 days the following shares of RIT were purchased:
Date: Shares: Price:
07/22/14 300 11.7000
08/01/14 16,550 11.4160
08/04/14 6,898 11.3833
08/05/14 20,867 11.3747
08/06/14 22,000 11.3551
08/07/14 7,600 11.3723
08/08/14 8,530 11.3942
08/11/14 6,483 11.4851
08/12/14 18,693 11.4543
08/13/14 21,348 11.5427
08/14/14 9,246 11.6156
08/18/14 1,828 11.6783
08/19/14 6,000 11.7347
08/20/14 5,082 11.6537
08/21/14 32,900 11.6938
08/25/14 7,812 11.6288
08/26/14 12,134 11.6300
08/27/14 3,000 11.6600
08/28/14 668 11.6400
08/29/14 1,600 11.6856
09/05/14 6,654 11.7597
09/08/14 2,625 11.8000
09/09/14 2,499 11.7683
09/10/14 25,591 11.6404
09/11/14 8,266 11.5745
09/12/14 27,078 11.3910
09/15/14 662 11.2500
09/16/14 1,100 11.2377
09/17/14 15,096 11.2946
09/18/14 7,426 11.2247
d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or
sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
See exhibit 1
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 9/22/2014
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
By: /S/ Steven Samuels
Name: Steven Samuels
Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
Exhibit 1:
Agreement to Make Joint Filing
Agreement made as of the 22 day of September, 2014, by and among
Bulldog Investors, LLC, Phillip Goldstein, Andrew Dakos, and Steven Samuels.
WHEREAS, Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 provides
that whenever two or more persons are required to file a statement containing
the information required by Schedule 13D with respect to the same securities,
only one such statement need be filed, so long as, among other things, such
filing includes as an exhibit an agreement among such persons that such a
statement is filed on behalf of each of them;
WHEREAS, in connection with certain holdings of LMP Real Estate Income Fund
(RIT), each of the parties to this Agreement is required to file a statement
containing the information required by Schedule 13D with respect to the same
holdings of RIT;
NOW THEREFORE, the parties hereby agree that one statement containing the
information required by Schedule 13D shall be filed on behalf of each party
hereto.
IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the day and year first written above.
By:/s/ Phillip Goldstein By:/s/ Andrew Dakos
Phillip Goldstein Andrew Dakos
BULLDOG INVESTORS, LLC
By: /s/ Steven Samuels By: /s/ Andrew Dakos
Steven Samuels Andrew Dakos, Member