Franklin Templeton, Inc. filed Amendment No. 4 to Schedule 13D on November 4, 2026, disclosing a 48.2% beneficial ownership stake in Clarion Partners Real Estate Income Fund Inc.'s Class S Common Stock as of November 3, 2026.

Key Highlights

  • Beneficial ownership: Franklin Templeton, Inc. beneficially owns 93,329 Class S shares, representing 48.2% of the class based on 193,498 shares outstanding as of November 3, 2026.
  • April 2026 purchase: On April 16, 2026, FTI purchased 88,106 shares at $11.35 per share, for a total purchase price of $1,051,085, paid from FTI working capital.
  • Earlier transfer: 5,223 shares were transferred to FTI from Legg Mason, Inc. on March 12, 2021 for no consideration.
  • Sole voting and dispositive power: Franklin Templeton, Inc. holds sole voting and sole dispositive power over all 93,329 shares; shared voting and shared dispositive power are each reported as 0.
  • Individual reporting persons hold zero shares: Charles B. Johnson and Rupert H. Johnson, Jr. each report 0 shares beneficially owned, 0% of the class.
  • Company rename noted: According to the filing, Franklin Resources, Inc. was renamed Franklin Templeton, Inc. effective August 17, 2026.
  • Purpose of April purchase: The filing states the April 16, 2026 purchase was made "to maintain capitalization and liquidity in the Shares on account of an investor rebalancing its holdings."

Franklin Templeton's Schedule 13D Amendment on Clarion Partners Real Estate Income Fund

Franklin Templeton, Inc. ("FTI"), along with Charles B. Johnson and Rupert H. Johnson, Jr. as co-reporting persons, submitted Amendment No. 4 to Schedule 13D concerning Class S Common Stock (CUSIP 180567109) of Clarion Partners Real Estate Income Fund Inc., whose principal offices are located at 620 8th Avenue, 47th Floor, New York, New York 10018. The event triggering the filing occurred on November 3, 2026, according to the document.

The filing reports that FTI holds 93,329 Class S shares with sole voting and sole dispositive power, representing 48.2% of the 193,498 Class S shares outstanding as of November 3, 2026. The aggregate position reflects two separate acquisitions: 5,223 shares transferred from Legg Mason, Inc. on March 12, 2021 for no consideration, and 88,106 shares purchased on April 16, 2026 at $11.35 per share, totaling $1,051,085 funded from FTI's working capital. The filing attributes the April purchase to maintaining capitalization and liquidity following an investor rebalancing.

C. Johnson serves as an Executive Consultant to FTI and R. Johnson, Jr. serves as Vice Chairman of FTI; both are described as principal stockholders of FTI. Neither individual directly owns shares of the issuer. The filing states that FTI acquired the shares "for investment and to facilitate the acquisition of the Issuer's commercial real estate investments," and notes that the reporting persons may increase or decrease their position depending on market conditions, share price levels, and other factors. The filing contains forward-looking statements that are the company's own and are subject to its cautionary language.

What Was Disclosed

Amendment No. 4 to Schedule 13D discloses that Franklin Templeton, Inc. beneficially owns 93,329 Class S shares of Clarion Partners Real Estate Income Fund Inc., equal to 48.2% of the class, following a purchase of 88,106 shares in April 2026 at $11.35 per share.