Real Estate Income Fund Inc. Announces Dividend NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- Real Estate Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "RIT," announced today a dividend of $0.1090 per common share. The dividend distribution schedule for the months of September, October and November 2004 appear below: Ex-dividend Record Payable September 09/17/04 09/21/04 09/24/04 October 10/22/04 10/26/04 10/29/04 November 11/18/04 11/22/04 11/26/04 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, Close-End Funds, Citigroup Asset Management +1-212-291-3775, for Real Estate Income Fund Inc.

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