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

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 September 2011. The following dates apply:

IGR’s current distribution rate represents an annualized yield of 7.1% based on the closing market price of $7.62 on September 8, 2011 and a 6.3% yield on a closing NAV of $8.54 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.

While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. This Fund is subject to risks similar to those associated with the direct ownership of real estate. Because the Fund’s investments are concentrated in the real estate industry, the value of the Fund may be subject to greater volatility than a fund with a portfolio that is less concentrated. 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 may invest in small- and mid-sized companies, which may be more susceptible to price swings and less liquidity than larger companies.

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.

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.

For the current 2011 fiscal year (January 1, 2011 to September 30, 2011), the Fund has made or declared nine (9) regular monthly distributions which in aggregate equal $0.405 per share. The source of the distribution declared for the month and current fiscal year is estimated as follows:

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 above tables are estimated and should not be taken to denote the actual breakdown of distributions for tax purposes. The year-to-date estimates reflect current estimates and may differ from past tables.

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 August 31, 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 (September 1, 2006 through August 31, 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 Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open-market. Shareholders holding Fund shares indirectly with a broker dealer should contact their financial advisor regarding the market price performance of their investment in the Fund.

Fund Performance and Distribution Rate Information:

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

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 CB Richard Ellis Investors. CB Richard Ellis Investors is a global real estate investment management firm with $39.1 billion in assets under management* as of June 30, 2011. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CB Richard Ellis Investors is an indirect wholly-owned subsidiary of CB Richard Ellis 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. CB Richard Ellis has approximately 31,000 employees in more than 300 offices worldwide. For more information about CB Richard Ellis Investors, please visit www.cbreinvestors.com.

* Assets under management (AUM) generally refers to the properties and other assets with respect to which CB Richard Ellis Investors and its global affiliates provide (or participate in) oversight, investment management services and other advice. CB Richard Ellis Investors’ AUM is intended principally to reflect the extent of its presence in the global real estate market, and our calculation of AUM may differ from the calculation of other asset managers.