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LMP Real Estate Income Fund Inc Message Board

  • retiredbeancounter retiredbeancounter Jun 1, 2013 1:58 PM Flag

    Investment management fees

    In the year ended December 31, 2012, investment management fees totaled $1,565,397. Dividend income was $7,464,539. Thus over 20% of the income was paid out in management fees. Distribution to shareholders was $8,231,150. Perhaps management fees should be based on performance and not assets managed. Are the Board of Directors acting in the best interest of shareholders?

 
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