IIA Declares Monthly Distribution for May
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May 12, 2008
For Immediate Release
ING CLARION REAL ESTATE INCOME FUND ‘IIA’
DECLARES MONTHLY DIVIDEND FOR MAY
New York, New York and Philadelphia, Pennsylvania – May 12, 2008 – The Board of Directors of the ING Clarion Real Estate Income Fund (NYSE: IIA) (the ‘Trust’), which trades on the New York Stock Exchange under the symbol ’IIA’, today declared a monthly dividend of $0.115 per share for the month of May 2008. The following dates apply:
| Ex-Dividend Date | Record Date | Payable Date |
|---|---|---|
| 5/21/2008 | 5/23/2008 | 5/30/2008 |
The Trust’s primary investment objective is high current income. The Trust’s secondary investment objective is capital appreciation. Under normal market conditions the Trust will invest at least 90% of its total assets in income producing ‘Real Estate Securities’.
ING Clarion Real Estate Securities acts as the Trust’s investment advisor. ING Clarion Real Estate Securities is responsible for the Trust’s portfolio assets between equity and fixed-income investments and for the selection and monitoring of the Trust’s sub-advisor, Clarion Capital, which will select the Trust’s Real Estate Fixed Income Securities.