NEWTON, Mass.--(BUSINESS WIRE)--RMR Real Estate Income Fund (NYSE American: RIF) today announced the results of its transferable rights offering. The Offer commenced on August 21, 2017 and expired on September 19, 2017. The Offer entitled rights holders to subscribe for up to an aggregate of 2,550,502 of the Fund’s common shares of beneficial interest, par value $0.001 per share. The subscription price was $17.74 per Common Share and was determined based upon a formula equal to 90% of the average of the last reported sales price of a Common Share of the Fund on the NYSE American on the Expiration Date and each of the four (4) immediately preceding trading days. The Offer was over-subscribed. Common Shares will be issued promptly after completion and receipt of all shareholder payments and the pro-rata allocation of Common Shares in respect of the over-subscription privilege.

Proceeds of the Offer are expected to be approximately $45.2 million. The Fund will receive the entire proceeds of the Offer since RMR Advisors LLC, the Fund’s investment adviser, has agreed to pay the dealer manager fee and all other expenses related to the Offer. The Fund intends to invest the proceeds of the Offer in accordance with its investment objective and policies.