Welcome to our dedicated page for CBRE Global Real Estate Income news (Ticker: IGR), a resource for investors and traders seeking the latest updates and insights on CBRE Global Real Estate Income stock.
CBRE Global Real Estate Income Fund (IGR) provides investors with strategic exposure to income-generating real estate securities across global markets. This news hub aggregates official updates and market developments related to the fund's diversified portfolio of commercial properties, residential assets, and specialty real estate holdings.
Market participants can track critical updates including quarterly earnings reports, dividend declarations, and portfolio rebalancing activities. The resource consolidates press releases on sector-specific acquisitions, property sector performance, and strategic partnerships within the fund's operational regions of North America, Europe, and Asia-Pacific markets.
Key content categories include financial results detailing income distributions, portfolio updates highlighting new acquisitions or dispositions, and market commentary reflecting the fund's positioning within global real estate trends. Investors will find timely updates on asset allocation shifts across retail, industrial, and healthcare property segments.
Bookmark this page for streamlined access to IGR's latest developments, or subscribe for notifications when new regulatory filings or strategic announcements are published. Always verify investment decisions against official SEC disclosures and consult financial professionals when evaluating real estate investment trust (REIT) performance.
CBRE Global Real Estate Income Fund (NYSE: IGR) recently concluded its transferable rights offering, which ended on April 6, 2023. The offering provided rights holders the opportunity to subscribe for up to 23,378,100 additional common shares at a subscription price of $5.03 per share. The offering grossed approximately $117.6 million. Although the offer was oversubscribed, the fund will not utilize the secondary oversubscription option, and excess payments from those who oversubscribed will be returned. Shares from the offering are expected to be issued on or about April 14, 2023. The final subscription price turned out to be lower than initially estimated, which will lead to refunds for certain subscribing rights holders.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has announced three distributions of $0.06 per share for April, May, and June 2023, totaling $0.18 per share. The current annualized distribution rate is 14.1% based on a closing market price of $5.10 as of March 28, 2023. For the fiscal year to date, the fund has declared six regular monthly distributions totaling $0.36 per share. Estimated allocations for the distributions indicate approximately 48% comes from net realized long-term capital gains. The board reviews distribution rates quarterly based on the fund's net investment income and realized gains.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for March 2023. The declaration date was March 9, 2023, with the ex-dividend date on March 17, 2023 and payable date on March 31, 2023. The Fund’s current annualized distribution rate is 10.8% based on the March 7 closing price of $6.69. Total distributions for the fiscal year to date are $0.18 per share. The Fund's distribution policy is subject to change and is reviewed quarterly based on net investment income and realized gains.
For more details, a webinar on the Fund’s performance and market outlook is scheduled for March 15, 2023.
The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a webinar on March 15, 2023, at 2:00 p.m. EDT, featuring updates from the portfolio management team. Key topics will include the Fund's market outlook and details on a transferable rights offering. Investors can register for the webinar through the Fund's website. As an actively managed closed-end fund, IGR primarily invests at least 80% of its assets in income-producing global real estate equity securities, aiming for high current income and capital appreciation. Investors are reminded to review the Fund's prospectus for full investment details and risks.
The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) has announced a rights offering for holders of its common shares as of March 9, 2023. The initiative allows shareholders to subscribe for additional common shares at a discount to market price. Factors influencing this decision include attractive valuations in global real estate stocks and anticipated growth opportunities. The offering aims to enhance total return and lower the Fund's expenses by increasing its asset base. The offer will be available from March 9, 2023, to April 6, 2023. Shareholders will also receive regular monthly distributions in the upcoming months.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has announced a monthly distribution of $0.06 per share for February 2023. Key dates include the declaration on February 10, the ex-dividend date on February 17, and the payment date on February 28. The current annualized distribution rate stands at 10.6% based on a closing market price of $6.81 and 9.9% based on a NAV of $7.27. The Fund's distribution policy is regularly reviewed by its Board of Trustees, aiming to align distributions with its net investment income and realized gains.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for January 2023. With a declaration date of January 11, 2023 and payable date of January 31, 2023, the annualized distribution rate stands at 11.9% based on the market price of $6.05. The fund's current estimated source of the distribution includes 22% from net investment income and 58% as return of capital. Cumulative total returns for 2022 were -33.96%, highlighting potential concerns for shareholders.
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