CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for December

PHILADELPHIA--(BUSINESS WIRE)--The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) declared a monthly distribution of $0.045 per share for the month of December 2011. The following dates apply:

	Ex-Dividend Date	Record Date	Payable Date
December 2011	12-21-2011	12-23-2011	12-30-2011

IGR’s current distribution rate represents an annualized yield of 7.7% based on the closing market price of $6.99 on December 7, 2011 and a 6.6% yield on a closing NAV of $8.15 as of the same date.

Future earnings of the Fund cannot be guaranteed and the Fund’s dividend policy is subject to change. For more information on the Fund, please visit our website at www.cbreclarion.com.

The Fund’s dividend policy is established by the Board of Trustees. The dividend is set by the Board at regular intervals with consideration of investment income and realized gains expected for the year. Each distribution is expected to be paid from some or all of the following sources: net investment income, realized long-term gains and short-term gains, and unrealized gains or in certain cases a return of capital. The Fund’s distribution rate should not be confused with pure income or yield. We strive to establish a level regular dividend that over the course of the year will pay out all income and realized gains with a minimum of special distributions.

CBRE Clarion Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange, and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results. Closed-end funds, unlike open-end funds, are not continuously offered. After a public offering, once issued, shares of closed-end funds frequently trade at a discount to net asset value. The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below, or above net asset value. Investing in closed-end funds involves risk including the possible loss of principal.

An investment in the Fund is subject to risks similar to those associated with the direct ownership of real estate. Real estate companies are sensitive to factors such as changes in real estate values and property taxes, interest rates, cash flow of underlying real estate assets, supply and demand, and the management skill and credit worthiness of the issuer. REITs may also be affected by tax and regulatory requirements.

The Fund invests primarily in real estate investment trusts (REITs) and similar companies. When these companies make distributions to the Fund during the year, the Fund uses past disclosures and the estimates provided by the companies to provide estimated sources of distributions paid. Until the Fund receives a final determination from these companies as to the source of distributions – generally around January 31 of the following year – the Fund cannot provide you with a final determination of the source of distributions paid.

For the current fiscal year (January 1, 2011 to December 31, 2011), the Fund has made or declared twelve (12) regular monthly distributions totaling $0.54 per share. The source of the distributions declared for the current month and fiscal year to date is estimated as follows:

Estimated Source of Distributions:
		Estimated Allocations
		Net Investment	Net Realized Short-	Net Realized Long-	Return of
Distribution		Income*	Term Capital Gains	Term Capital Gains	Capital
Current	$0.045	$0.028 (62%)	-- (0%)	-- (0%)	$0.017 (38%)
YTD	$0.54	$0.334 (62%)	-- (0%)	-- (0%)	$0.206 (38%)
*Reflects PFIC gains, as defined below.

SHAREHOLDERS SHOULD NOT USE THE INFORMATION PROVIDED HERE IN PREPARING THEIR TAX RETURNS. SHAREHOLDERS WILL RECEIVE A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations.

The Fund invests in certain companies that have been designated as “passive foreign investment companies” (“PFICs”) for purposes of U.S. tax regulations. Increases in the value of these PFICs (“PFIC Income”) increase the income of the Fund. PFIC Income does not reflect dividends or other income actually received by the Fund, although it does serve to increase the Net Investment Income the Fund is required to distribute. The amount of Net Investment Income described in the foregoing table (Estimated Source of Distributions) may include PFIC Income. Decreases in the value of these PFICs (“PFIC Losses”) offset the other investment income of the Fund. PFIC Losses do not reflect a diminution in the amount of dividends or income actually received by the Fund, although they do serve to reduce the Net Investment Income the Fund is required to distribute. The amount of Net Investment Income in the foregoing table (Estimated Source of Distributions) may have been reduced by PFIC Losses.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money invested in the Fund is paid back. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. Please note that all performance figures below are based on the Fund’s net asset value (“NAV”) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.

The Fund’s cumulative year-to-date total return for fiscal year 2011 (January 1, 2011 through November 30, 2011) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return on NAV and the Fund’s Cumulative Distribution Rate for 2011. Moreover, the Fund’s Average Annual Total Return (in relation to its NAV) for the preceding five-year period (December 1, 2006 through November 30, 2011) is set forth below. Shareholders should take note of the relationship between the Fund’s Average Annual Total Return on NAV for the preceding five-year period and the Fund’s Current Annualized Distribution Rate for 2011 as well as its Average Annual Distribution Rate for the preceding five-year period. The performance and distribution rate information disclosed in the table below is based on the Fund’s NAV. The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of common shares outstanding. While NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s individual investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the market price of the Fund’s shares.

Fund Performance and Distribution Rate Information:
Year-to-date 1/1/2011 to 11/30/2011
Year-to-date Cumulative Total Return on NAV^1	-0.23%
Cumulative Distribution Rate^2	6.12%
Preceding Five-Year Period 12/1/2006 to 11/30/2011
Average Annual Total Return on NAV^3	3.34%
Average Annual Distribution Rate^4	11.84%
Current Annualized Distribution Rate^5	6.67%

^1	Year-to-date Cumulative Total Return on NAV is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.
^2	Cumulative Distribution Rate for the Fund’s current fiscal period (January 1, 2011 through November 30, 2011) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of November 30, 2011.
^3	Average Annual Total Return on NAV represents the simple arithmetic average of the Annual NAV Total Returns of the Fund for the preceding five-year period. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.
^4	Average Annual Distribution Rate is the simple arithmetic average of the Annual Distribution Rates for the preceding five-year period. The Annual Distribution Rates are calculated by taking the total distributions paid during the period divided by average daily NAV for the period.
^5	The Current Annualized Distribution Rate is the current monthly distribution rate annualized as a percentage of the Fund’s NAV as of November 30, 2011.

Please refer to the chart below for information about the Fund’s historical NAVs, change in NAVs, total returns, and distributions paid.

		Average		End of
		Daily		Period			Annualized		Level		Special		Total
		NAV for		NAV Per		Change	Total	Distribution	Distributions		Distributions		Distributions
		Period		Share		in NAV	Returns	Rate^4	Paid		Paid		Paid
IPO				$	15.00
2004^1		$	14.39	$	17.46	16.40%	28.20%	5.77%	$	0.75	$	0.08	$	0.83
2005		$	16.81	$	17.23	-1.32%	8.13%	8.75%	$	1.29	$	0.18	$	1.47
2006		$	20.27	$	22.78	32.21%	53.42%	16.13%	$	1.38	$	1.89	$	3.27
2007		$	21.67	$	16.16	-29.06%	-15.82%	14.86%	$	1.38	$	1.84	$	3.22
2008		$	11.97	$	5.63	-65.16%	-61.14%	10.36%	$	1.24	$	-	$	1.24
2009		$	5.82	$	7.51	33.39%	46.79%	9.28%	$	0.54	$	-	$	0.54
2010		$	7.82	$	8.58	14.25%	22.41%	6.91%	$	0.54	$	-	$	0.54
2011^2		$	8.65	$	8.09	-5.71%	-0.23%	5.72%	$	0.495	$	-	$	0.495
Average^3							10.53%	10.02%
	Since Inception Annualized Total Return							2.89%

^1	Figures for 2004 are from February 24, 2004, the Fund’s inception date.
^2	2011 figures are year-to-date through November 30, 2011.
^3	Average calculated on number of months and years since inception. The Fund’s inception date was February 24, 2004.
^4	Distribution rate calculated by taking the total distributions paid within the period divided by average daily NAV for the period.
Sources: NAV per share amounts and annualized total returns are published in the Fund’s audited annual reports for the respective year.

About CBRE Clarion Securities:

CBRE Clarion Securities is a registered investment advisory firm specializing in the management of global listed real estate securities for both institutional and individual investors. Headquartered near Philadelphia, Pennsylvania, the firm manages approximately $20 billion in assets and has over 70 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia. Please visit our website at www.cbreclarion.com.

CBRE Clarion Securities is the listed equity management arm of CBRE Global Investors. CBRE Global Investors is a global real estate investment management firm with $94.8 billion in assets under management* as of September 30, 2011. The firm sponsors investment programs across the risk/return spectrum for investors worldwide. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG), and harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services company for the benefit of its investors. CBRE has approximately 31,000 employees (excluding affiliates) in more than 300 offices (excluding affiliates) worldwide.

For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.

* Assets under management (AUM) refers to current fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers. CBRE Global Investors changed its calculation of AUM with the ING REIM acquisition. The change in methodology has not had a material impact on its AUM calculation. The new methodology has been used to derive pro forma combined AUM as of September 30, 2011.