Welcome to our dedicated page for CBRE Global Real Estate Income Fund news (Ticker: IGR), a resource for investors and traders seeking the latest updates and insights on CBRE Global Real Estate Income Fund stock.
CBRE Global Real Estate Income Fund (IGR) reports recurring fund updates centered on its monthly distribution declarations, managed distribution policy, net asset value calculations and market-price-based distribution rates. The fund is an income-oriented closed-end management investment company that invests primarily in income-producing real estate securities, including securities issued by real estate companies and real estate investment trusts.
News releases also cover portfolio management webinars, market-condition commentary and Board review of the fund’s distribution level and sustainability. These updates connect the fund’s real estate income strategy with NAV, share price and shareholder distribution information.
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.
The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for December 2022, with an annualized distribution rate of 11.7% based on a closing market price of $6.14. The fund's performance has shown a cumulative total return of -30.96% for FY 2022, along with a cumulative distribution rate of 9.61%. The estimated distribution source comprises 30% net investment income and 70% net realized long-term capital gains. Investors will receive a Form 1099-DIV for tax reporting of fund distributions.
CBRE Global Real Estate Income Fund (NYSE: IGR) announced a monthly distribution of $0.06 per share for November 2022. The declaration date is November 10, 2022, with an ex-dividend date of November 18 and payable date on November 30. The annualized distribution rate stands at 12.4% based on a closing price of $5.80 on November 8. For the fiscal year to date, the Fund has declared total distributions of $0.64 per share. The estimated allocation for the current month includes 30% from net investment income and 70% from net realized long-term capital gains.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for October 2022. The declaration date is October 10, 2022, with the ex-dividend date on October 19, 2022, record date on October 20, 2022, and the payable date on October 31, 2022. The annualized distribution rate stands at 12.5% based on a closing price of $5.76. For the fiscal year 2022, IGR has declared ten monthly distributions totaling $0.58 per share, with an estimated allocation of 30% from net investment income and 70% from net realized long-term capital gains.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for September 2022, with an annualized distribution rate of 9.9% based on a market price of $7.28 as of September 7, 2022. The fund aims to maintain a smooth distribution process based on its net investment income and capital gains while acknowledging that future earnings cannot be guaranteed. For the fiscal year-to-date, IGR has made regular monthly distributions totaling $0.52 per share, with allocations estimated from net investment income and realized capital gains.
The CBRE Global Real Estate Income Fund (NYSE: IGR) has declared a monthly distribution of $0.06 per share for August 2022, with an annualized distribution rate of 9.1% based on a market price of $7.92. The declaration date is August 9, 2022, with the payable date set for August 31, 2022.
The Fund has made eight regular distributions totaling $0.46 per share this fiscal year. The estimated source of current and year-to-date distributions includes 30% net investment income and 70% net realized long-term capital gains.