UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. )*
LMP REAL ESTATE INCOME FUND INC
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
50208C108
(CUSIP Number)
BRUCE KALLINS, PRINCIPAL
YAKIRA CAPITAL MANAGEMENT, INC.
991 POST ROAD EAST, 2ND FLOOR
WESTPORT, CT 06880
(203) 341-0606
AS OF MAY 2, 2016
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
CUSIP No. 50208C108 13G
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
1. Names of Reporting Persons, I.R.S.
Identification Nos. of above persons
(entities only):
YAKIRA PARTNERS, L.P.
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
DELAWARE
Number of 5. Sole Voting Power: 236,383
Shares Bene-
ficially
Owned by Each 6. Shared Voting Power: 0
Reporting
Person With:
7. Sole Dispositive Power: 236,383
8. Shared Dispositive Power: 0
9. Aggregate Amount Beneficially Owned by Each
Reporting Person: 236,383
10. Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions) [ ]
11. Percent of Class Represented by Amount in Row
(9): 2.07%
12. Type of Reporting Person (See Instructions)
PN
CUSIP No. 50208C108 13G
1. Names of Reporting Persons, I.R.S.
Identification Nos. of above persons
(entities only):
MAP 136 SEGREGATED PORTFOLIO
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
CAYMAN ISLANDS
Number of 5. Sole Voting Power: 341,891
Shares Bene-
ficially
Owned by Each 6. Shared Voting Power: 0
Reporting
Person With:
7. Sole Dispositive Power: 341,891
8. Shared Dispositive Power: 0
9. Aggregate Amount Beneficially Owned by Each
Reporting Person: 341,891
10. Check if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions) [ ]
11. Percent of Class Represented by Amount in
Row (9): 2.99%
12. Type of Reporting Person (See Instructions)
OO
CUSIP No. 50208C108 13G
ITEM 1.
(a) Name of Issuer:
LMP REAL ESTATE INCOME FUND INC
(b) Address of issuer's Principal Executive Offices
620 EIGHTH AVENUE, 49TH FLOOR
NEW YORK, NY 10018
ITEM 2.
(a) Name of Person Filing
YAKIRA CAPITAL MANAGEMENT, INC.
(b) Address of Principal Business Office or,
if none, Residence
991 POST ROAD EAST, 2ND FLOOR
WESTPORT, CT 06880
(c) Citizenship:
DELAWARE
(d) Title of Class of Securities
COMMON STOCK
(e) CUSIP Number
50208C108
ITEM 3. If this statement is filed pursuant to Sec. 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing
is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940
(15 U.S.C. 80a-8).
(e) [x] An investment adviser in accordance with
Sec. 240.13d-1 (b)(1)(ii)(E).
CUSIP No. 50208C108 13G
(f) [ ] An employee benefit plant or endowment fund in
accordance with Sec. 140.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Sec. 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in Section
3(b) of the Federal Deposit Insurance Act
(12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with
Sec. 240.13d-1(b)1(ii)(J).
ITEM 4. Ownership
Provide the following information regarding the aggregate
number and percentage of the class of securities of the
issuer identified in Item 1.
(a) Amount beneficially owned: 578,274
(b) Percent of class: 5.05%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the
vote: 578,274
(ii) Shared power to vote or to direct the
vote: 0
(iii) Sole power to dispose or to direct the
disposition of: 578,274
(iv) Shared power to dispose or to direct the
disposition of: 0
CUSIP No. 50208C108 13G
Instruction. For computations regarding securities which represent
a right to acquire an underlying security see Sec. 204.13d-3(d)(1).
ITEM 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the
class of securities, check the following [ ].
Instruction: Dissolution of a group requires a response to this
item.
ITEM 6. Ownership of More than Five Percent on Behalf of Another
Person.
NOT APPLICABLE
ITEM 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company
NOT APPLICABLE
ITEM 8. Identification and Classification of Members of the Group
NOT APPLICABLE
ITEM 9. Notice of Dissolution of Group
NOT APPLICABLE
CUSIP No. 50208C108 13G
ITEM 10. Certification
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
MAY 9, 2016
/s/ BRUCE KALLINS
---------------------------
BRUCE KALLINS, PRINCIPAL