Real Estate Income Fund Inc. Announces Year-End Distributions NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- Real Estate Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "RIT," announced today year-end distributions totaling $0.3681 per share payable December 26, 2003 to common shareholders of record as of December 22, 2003. The ex-dividend date will be December 18, 2003. These year-end distributions are comprised of: Additional Ordinary Income Distribution: $0.0400 per share Short-Term Capital Gain Distribution: $0.1693 per share Long-Term Capital Gain Distribution: $0.1588 per share These year-end distributions are in addition to the monthly dividend of $0.1090 per common share previously announced on November 20 that will be paid on December 26, 2003 to shareholders of record as of December 22, 2003. The ex-dividend date will be December 18, 2003. Real Estate Income Fund Inc., a non-diversified investment management company, is advised by Citi Fund Management Inc., an affiliate of Citigroup Inc., and is sub-advised by AEW Management and Advisors, L.P. DATASOURCE: Real Estate Income Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds, Citigroup Asset Management, +1-212-291-3775, for Real Estate Income Fund Inc.

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