CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Board of Trustees Announce Modifications to the Fund’s Investment Policy

CBRE Clarion Securities LLC ("CBRE Clarion"), investment manager to the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the "Trust"), today announced two modifications of the Trust’s investment policies effective March 1, 2016. Neither of these changes represents a significant shift in the way CBRE Clarion manages the Trust’s portfolio or the Trust’s investment objectives, but each provides increased flexibility in support of CBRE Clarion’s efforts to deliver strong performance and income returns to shareholders.

While the Trust and its portfolio management team remain committed to a global strategy, the Trust is revising a policy related to the use of the term ‘global’ in its name. Since 2007, CBRE Clarion has sought to fulfill the Trust’s global investment mandate by investing at least 40% of the Trust’s assets in countries other than the United States. However, given that real estate preferred stocks are issued almost exclusively by U.S. companies and, further, that U.S. companies now comprise nearly half of the market for global real estate common stocks, CBRE Clarion believes that the Trust would benefit from the flexibility to invest a greater proportion of its assets in U.S. securities. As such, the modified policy will reduce the percentage of the Trust’s assets required to be invested outside the U.S. As modified, the Trust’s policy will require at least 30% of its assets to be invested in securities of companies economically tied to countries other than the U.S. and, further, will require the Trust’s assets to be invested in companies economically tied to a minimum of seven countries, including the U.S. While the amended policy allows CBRE Clarion to invest a greater proportion of the Trust’s assets in U.S. companies, the Trust remains committed to a global investment strategy.

In addition, the Trust has adopted an investment policy that will increase, from 5% to 20%, the extent to which the Trust is permitted to write ‘covered call’ options on its underlying assets. In a typical covered call transaction, the Trust would give an option-holder the right to purchase a particular security held by the Trust at a set price above the current market price. In exchange, the Trust would receive income in the form of an option premium. CBRE Clarion believes that, under some market conditions, writing covered call options is a useful and relatively conservative strategy to increase the Trust’s income while reducing the volatility of its portfolio and therefore risk. For instance, in periods of increased market weakness and volatility, CBRE Clarion could reduce the Trust’s leverage while writing call options on selected positions to maintain the Trust’s income potential. CBRE Clarion does not anticipate that the Trust will regularly maintain call option positions covering 20% of its assets, but the new policy allows CBRE Clarion sufficient flexibility to employ the strategy when it believes doing so is appropriate.

There has been no change to the Trust's investment objectives. The Trust primarily seeks high current income with capital appreciation as a secondary objective. Under normal market conditions, the Trust will continue to invest substantially all, but no less than 80%, of its total assets in income-producing global real estate equity securities. “Real estate equity securities” include common stocks, preferred securities, warrants and convertible securities issued by global real estate companies, such as real estate investment trusts (“REITs”). The Trust may invest up to 25% of its assets in preferred securities. Preferred securities may be rated below investment grade and may also be illiquid.

More information about the fund including updated portfolio holdings and performance is available at www.cbreclarion.com or by calling (888) 711-4272.

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 $20.8 billion in assets as of December 31, 2015, and has over 90 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 $89.0 billion in assets under management* as of December 31, 2015. 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 70,000 employees in more than 400 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.

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