CBRE Global Real Estate Income Fund approves 1-for-3 reverse split

PHILADELPHIA - The Board of Trustees of CBRE Global Real Estate Income Fund has approved a 1-for-3 reverse stock split of its common shares, according to the company's press release. The reversal is scheduled to occur prior to the New York Stock Exchange's opening on September 8, 2026. The fund's shares will retain the NYSE:IGR ticker symbol, but with a new CUSIP number of 12504G878.

Essentially, each three shares of the fund's outstanding common shares will be converted into a single common share. This will not alter the total value of shareholders' investments or the fund's holdings. Shareholders will see proportionally fewer shares, but at a higher individual share price and net asset value per share. The fund's monthly distributions will change from $0.06 per share to $0.18 per share, starting with the first distribution declared after the effective date.

This will not affect the monthly cash flow for shareholders. No fractional shares will be issued; any resulting from the reverse stock split will be combined and sold on the NYSE by the fund's transfer agent, with the proceeds distributed proportionally to affected shareholders, deducting customary fees and expenses. CBRE Investment Management Listed Real Assets LLC serves as the fund's investment adviser.

The reverse stock split may widen the pool of potential investors, potentially enhancing liquidity and reducing transaction costs, according to the fund's firm. Computershare Trust Company, N.A., manages the fund as its transfer agent and will provide further information to shareholders regarding the reverse stock split.