Fund Price and Dividend Yield Information

Funds are priced as of the previous business day closing price.

Distribution yield is an annualized current return based on current market price and the monthly or quarterly distribution paid by a fund.

Distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. Distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income or a return of capital.  The tax status of the Fund’s distributions is determined at the end of the taxable year. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year.  There is no assurance that the Fund will always be able to pay a distribution of any particular size, or that a distribution will consist of only net investment income. The Fund’s ability to maintain a stable distribution will depend on a number of factors, including the stability of income received from its investments, availability of capital gains, distributions paid on preferred shares and the level of Fund expenses.

Market price performance is shown before applicable commissions that a shareholder may pay when buying or selling shares of the fund.  All information shown is for common stock of the fund.  The fund is leveraged, which means that it has issued preferred stock and may also have bank debt outstanding.  Dividends to common shareholders are affected by changes in the interest rates paid to preferred shareholders and lenders.  Net asset value (NAV) is total assets less total liabilities divided by the number of shares outstanding.  At the time of sale, your shares may have a market price that is above or below NAV.

This information does not constitute a solicitation or an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful.  You should carefully consider the relevant investment objectives, risks, charges, and expenses before investing. The prospectus contains this information and other information about the fund.  For more complete information, or to obtain a prospectus or an annual report for the closed-end funds managed by ING CRES, please call 1-888-711-4272.  The prospectus should be read carefully before investing.  ING Clarion Real Estate Securities is a wholly-owned subsidiaries of ING Groep N.V.

ING CRES' closed-end funds trade on the New York Stock Exchange. 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.