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

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 February 2015. The following dates apply:

Ex-Dividend Date Record Date Payable Date
February 2015 02-18-2015 02-20-2015 02-27-2015

IGR’s current distribution rate represents an annualized yield of 5.7% based on the closing market price of $9.42 on February 5, 2015, and a 5.0% yield on a closing NAV of $10.81 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 www.cbreclarion.com.

The Fund’s dividend policy is established by its Board of Trustees. The dividend is set by the Board at regular intervals with consideration of investment income, realized gains, return of capital by portfolio companies, potential net appreciation of investments in “passive foreign investment companies” (“PFICs”), and other net unrealized appreciation and other income expected for the year. Each distribution is expected to be paid from some or all of the following sources: net investment income, realized capital gains and, in certain cases, return of capital. The Fund’s distribution rate should not be confused with pure income or yield. The Fund strives to establish a level regular dividend that, over the course of the year, will serve to distribute an amount closely approximating the total taxable income of the Fund and all of the returns of capital by portfolio companies received by the Fund during the year.

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.

For the current fiscal year (January 1, 2015 to February 28, 2015), the Fund has made or declared two (2) regular monthly distributions totaling $0.09 per share. The source of the distribution declared for the current month and fiscal year to date is estimated as follows:

Estimated Source of Distributions:
Estimated Allocations
Distribution

Net Investment
Income*

Net Realized Short-
Term Capital Gains

Net Realized Long-
Term Capital Gains

Return of
Capital

Current $0.045 $0.020 (44%) -- (0%) -- (0%) $0.025 (56%)
YTD $0.09 $0.040 (44%) -- (0%) -- (0%) $0.050 (56%)

*Includes PFIC losses, as defined below.

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. SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The Fund invests primarily in real estate investment trusts (“REITs”) and similar companies. When these companies make distributions during the year, they do not disclose the character of those distributions. The Fund uses historical information to generate the estimated character reflected in this notice. Until the Fund receives information as to the character of distributions it has received from these companies – generally around January 31 of the following year – it cannot provide a definitive characterization of the source of distributions paid to shareholders.

The Fund invests in certain companies that have been designated as 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 net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. 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. The performance and distribution rate information disclosed in the table below is based on the Fund’s net asset value (“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 value of its liabilities. Performance figures are not meant to represent individual shareholder performance. The value of a shareholder’s investment in the Fund is determined by the market price of the Fund’s shares.

The Fund’s Cumulative Total Return for fiscal year to date 2015 (January 1, 2015 through January 31, 2015) is set forth below. Shareholders should take note of the relationship between the Cumulative Total Return and the Fund’s Cumulative Distribution Rate for 2015. Moreover, the Fund’s Average Annual Total Return for the preceding five-year period (February 1, 2010 through January 31, 2015) is set forth below. Shareholders should take note of the relationship between the Fund’s Average Annual Total Return and the Fund’s Current Annualized Distribution Rate, as well as its Average Annual Distribution Rate for the preceding five-year period.

Fund Performance and Distribution Rate Information:

Year-to-date 01/01/2015 to 01/31/2015
Cumulative Total Return1 4.77%
Cumulative Distribution Rate2 0.42%
Preceding Five-Year Period 02/01/2010 to 01/31/2015
Average Annual Total Return3 15.40%
Average Annual Distribution Rate4 6.13%
Current Annualized Distribution Rate5 5.09%
1 Cumulative Total Return 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, 2015, through January 31, 2015) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund’s NAV as of January 31, 2015.
3 Average Annual Total Return represents the simple arithmetic average of the Annual Total Returns of the Fund for the preceding five-year period. Annual 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 January 31, 2015.

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

Average
Daily
NAV for
Period

End of
Period
NAV Per
Share

Change
in NAV

Annualized
Total
Returns

Distribution
Rate4

Level
Distributions
Paid

Special
Distributions
Paid

Total
Distributions
Paid

IPO $ 15.00

20041

$ 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 $ 8.60 $ 8.14 -5.13 % 0.94 % 6.28 % $ 0.54 $ - $ 0.54
2012 $ 8.99 $ 9.48 16.46 % 24.15 % 6.47 % $ 0.54 $ 0.042 $ 0.582
2013 $ 9.57 $ 9.04 -4.64 % 0.91 % 5.64 % $ 0.54 $ - $ 0.54
2014 $ 9.77 $ 10.16 12.39 % 18.73 % 5.52 % $ 0.54 $ - $ 0.54

20152

$ 10.58 $ 10.60 4.33 % 4.77 % 0.43 % $ 0.045 $ - $ 0.045

Average3

12.02 % 8.81 %

Since Inception Annualized Total Return                   6.38%

1 Figures for 2004 are from February 24, 2004, the Fund’s inception date.
2 2015 figures are year-to-date through January 31, 2015.
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 real asset securities for institutional investors. Headquartered near Philadelphia, the firm manages $24.8 billion in assets as of December 31, 2014, and has over 80 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia. For more information about CBRE Clarion Securities, please visit 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 $90.6 billion in assets under management* as of December 31, 2014. 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). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 52,000 employees in more than 370 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.

* Assets under management (AUM) refers to the 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 investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. 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.

Contacts:

CBRE Clarion Global Real Estate Income Fund
Analyst and Press Inquiries:
David Leggette, Senior Vice President
610-995-2500
or
Investor Relations:
888-711-4272
www.cbreclarion.com

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