IIA Declares Monthly Distribution for June
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May 12, 2008
For Immediate Release
ING CLARION REAL ESTATE INCOME FUND ‘IIA’
DECLARES MONTHLY DIVIDEND FOR JUNE
Philadelphia, Pennsylvania – June 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 distribution of $0.115 per share for the month of June 2008*. The following dates apply:
| Ex-Dividend Date | Record Date | Payable Date |
|---|---|---|
| 6/19/2008 | 6/23/2008 | 6/30/2008 |
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.
* Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. Under its level distribution policy, the Fund anticipates that it will make subsequent regular monthly distributions, subject to market conditions, of $0.115 per share, unless further action is taken to determine another amount. There is no assurance that the Fund will always be able to pay a distribution of any particular size, or that a distribution will consist of only net investment income. The Fund’s ability to maintain a stable distribution will depend on a number of factors, including the stability of income received from its investments, availability of capital gains, distributions paid on preferred shares and the level of Fund expenses.