Form 4: Clarion Partners Real Estate Income Fund Inc.: Portfolio Manager Increases Holdings
SEC Form 4 Filing
Richard H. Schaupp, a Portfolio Manager at Clarion Partners Real Estate Income Fund Inc., increased his holdings of common stock through purchases on May 5th and 6th, 2025.
Summary
- Richard H. Schaupp, a Portfolio Manager at Clarion Partners Real Estate Income Fund Inc., reported changes in beneficial ownership.
- On May 5, 2025, Schaupp acquired 21,626.298 shares of common stock at a price of $11.56 per share, bringing his total direct holdings to 82,927.353 shares.
- This includes shares acquired through the Fund's Dividend Reinvestment Plan.
- On May 6, 2025, Schaupp acquired an additional 4,325.26 shares of common stock at $11.56 per share, increasing his direct holdings to 87,252.613 shares.
- The transactions were reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the impact depends on the size of the purchase relative to the manager's existing holdings and the fund's overall market capitalization.
Positives
- The Portfolio Manager's increased investment could be interpreted as a positive signal about the fund's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency to the market and allow investors to track insider activity, which can sometimes provide insights into a company's prospects.
Comparison to Industry Standards
- It's common for portfolio managers to have holdings in the funds they manage.
- The significance of this transaction would be assessed by comparing the size of the purchase to the manager's overall holdings and the fund's trading volume.
- Comparable transactions would be insider purchases at similar real estate income funds, such as those managed by BlackRock, Nuveen, or Cohen & Steers.
Stakeholder Impact
- Shareholders may view the Portfolio Manager's increased investment as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 2019 | Date of Power of Attorney execution. |
| 05/05/2025 | Date of first reported transaction: purchase of 21,626.298 shares of common stock at $11.56. |
| 05/06/2025 | Date of second reported transaction: purchase of 4,325.26 shares of common stock at $11.56. |
| 05/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Clarion Partners Real Estate Income Fund Inc., Richard H. Schaupp, Portfolio Manager, Common Stock, Dividend Reinvestment Plan, SEC
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