Franklin Templeton sells 441,696 Class I shares

The reporting person’s post-transaction position was 4,661,961 shares across four share classes.

Rhea-AI Filing Summary

Franklin Templeton Inc. (BEN) is identified as the issuer; Franklin Templeton Inc., listed as the reporting person and an affiliate of an investment adviser, directly sold 441,696 Class I shares at $11.32 per share on October 19, 2026. The reported post-transaction position was 4,661,961 shares across four share classes. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 441,696.113 shares

Net Sell 1 txn

Insider FRANKLIN TEMPLETON INC

Role Insider

Sold 441,696.113 shs ($5.00M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	441,696.113	$11.32	$5.00M

Holdings After Transaction: Common Stock — 4,661,961.388 shares (Direct)

Footnotes (3)

1. F1. Class I Shares
2. F2. Franklin Templeton, Inc. ("FT") owns 4,661,961.388 shares in the aggregate among four share classes. Specifically, FT owns 93,328.969 Shares of Class S Shares, 5,232.408 Shares of Class T Shares, 5,250.651 Shares of Class D Shares and 4,558,149.360 Shares of Class I Shares.
3. F3. LIMITED POWERS OF ATTORNEY FOR SECTION 13 AND 16 REPORTING OBLIGATIONS (incorporated by reference to Form 4 filed on January 16, 2026)

Key Figures

Class I shares sold: 441,696 shares Sale price: $11.32 per share Post-transaction holdings: 4,661,961 shares +4 more

7 metrics

Class I shares sold 441,696 shares Direct sale on October 19, 2026

Sale price $11.32 per share Direct sale on October 19, 2026

Post-transaction holdings 4,661,961 shares Aggregate across four share classes

Class I holdings 4,558,149 shares Reported post-transaction position

Class S holdings 93,329 shares Reported post-transaction position

Class T holdings 5,232 shares Reported post-transaction position

Class D holdings 5,251 shares Reported post-transaction position

Key Terms

Class I Shares, Class S Shares, Class T Shares, Class D Shares, +1 more

5 terms

Class I Shares technical

"Class I Shares"

Class S Shares technical

"Class S Shares"

Class T Shares technical

"Class T Shares"

Class D Shares technical

"Class D Shares"

LIMITED POWERS OF ATTORNEY regulatory

"LIMITED POWERS OF ATTORNEY FOR SECTION 13 AND 16 REPORTING OBLIGATIONS"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Franklin Templeton sell in the BEN transaction?

The reporting person directly sold 441,696 Class I shares at $11.32 per share on October 19, 2026. Its reported post-transaction position was 4,661,961 shares across four share classes. No Rule 10b5-1 plan is reported.

What share classes were included in Franklin Templeton’s reported BEN holdings?

The reported holdings comprised 4,558,149 Class I shares, 93,329 Class S shares, 5,232 Class T shares, and 5,251 Class D shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/21/2026 - 03:43 PM EDT Accepted by SEC EDGAR 10/21/2026 - 03:41 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRANKLIN TEMPLETON INC

(Last) (First) (Middle)

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CALIFORNIA 94403-1906

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Clarion Partners Real Estate Income Fund Inc. [ N/A ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Affiliate of Investment Adv.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/19/2026		S		441,696.113(1)	D	$11.32	4,661,961.388(2)	D(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Class I Shares

2. Franklin Templeton, Inc. ("FT") owns 4,661,961.388 shares in the aggregate among four share classes. Specifically, FT owns 93,328.969 Shares of Class S Shares, 5,232.408 Shares of Class T Shares, 5,250.651 Shares of Class D Shares and 4,558,149.360 Shares of Class I Shares.

3. LIMITED POWERS OF ATTORNEY FOR SECTION 13 AND 16 REPORTING OBLIGATIONS (incorporated by reference to Form 4 filed on January 16, 2026)

Remarks:

	/s/Thomas C. Mandia, Assistant Secretary of Franklin Templeton, Inc., on behalf of Franklin Templeton, Inc. and its subsidiaries	10/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)