SEC Issues No-Action Relief to Fund Regarding Omission of Shareholder Proposal

The SEC issued a no-action letter to LMP Real Estate Income Fund Inc. (the "Fund") affirming its decision not to take action against the Fund for omitting a shareholder proposal (the "Proposal") from its proxy materials at an annual meeting pursuant to Exchange Act Rule 14a-8(i)(7).

The Proposal demanded that the Fund provide specific details on past and current investments made by the Fund manager. Rule 14a-8(i)(7) permits a company to exclude a shareholder proposal from its proxy materials if the proposal deals with a matter relating to the company's ordinary business operations.

See: No-Action Letter.