CBRE Real Estate Income Fund enacts 1-for-3 reverse split
IGR completed a 1-for-3 reverse stock split and reset its monthly distribution to $0.18 per share, keeping shareholders’ total cash payout unchanged.
Rhea-AI Filing Summary
CBRE Global Real Estate Income Fund (IGR) has implemented a 1-for-3 reverse stock split of its common shares, effective after the close of business on September 4, 2026. Every three pre-split common shares have been converted into one post-split share, with no change to the total value of each shareholder’s investment or to the Fund’s aggregate portfolio value.
In line with the split, the Fund’s regular monthly distribution has been adjusted from $0.06 to $0.18 per share, so shareholders’ total monthly cash flow remains the same. For September 2026 specifically, the per-share distribution is $0.18, of which $0.014 (8%) is estimated net investment income and $0.166 (92%) is estimated return of capital. IGR’s current annualized distribution rate is 16.0% based on a $4.49 market price and 16.4% based on a $4.39 NAV as of September 4, 2026.
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Filing Explained
The completed split leaves fractional-share holders to receive net sale proceeds, while September’s distribution remains scheduled for payment on September 30.
The completed 1-for-3 split creates a specific holder mechanic: fractional shares will not be issued. The transfer agent will aggregate and sell them, then distribute the net proceeds pro rata to the affected shareholders.
The September distribution remains
The disclosed
8-K Event Classification
Key Figures
Key Terms
reverse stock split financial
managed distribution policy financial
return of capital financial
net investment income financial
net realized capital gains financial
FAQ
What stock split did CBRE Global Real Estate Income Fund (IGR) implement?
How does the IGR reverse stock split affect my monthly distribution?
What is IGR’s September 2026 distribution after the reverse stock split?
What are the key dates for IGR’s September 2026 distribution?
What is IGR’s current distribution rate after the reverse stock split?
What are the new CUSIP details for IGR after the reverse stock split?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On September 4, 2026, the Registrant implemented a 1-for-3 reverse stock split.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit 99.1 | Press Release dated August 25, 2026 | |
| Exhibit 99.2 | Press Release dated September 8, 2026 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| CBRE GLOBAL REAL ESTATE INCOME FUND | ||||||
| Dated: September 8, 2026 |
By: |
/s/ JEFF CHANG | ||||
| Jeff Chang | ||||||
| Secretary | ||||||
Exhibit 99.1
| Press Release |
| |
FOR IMMEDIATE RELEASE
Contact:
Analyst and Press Inquiries:
David Leggette
+1 610 995 7349
david.leggette@cbreim.com
Investor Relations:
+1 888 711 4272
www.cbreim.com/igr
CBRE Global Real Estate Income Fund (NYSE: IGR)
Announces Approval of 1-for-3 Reverse Stock Split and
Adjustment to Monthly Distribution
Philadelphia – August 25, 2026 – CBRE Global Real Estate Income Fund (NYSE: IGR) (the “Fund) announced today that its Board of Trustees approved a 1-for-3 reverse stock split of its common shares.
The Board of Trustees and CBRE Investment Management Listed Real Assets LLC, the Fund’s Investment Adviser, believe that increasing the Fund’s market price per share through the reverse stock split may broaden the range of potential investors, thereby potentially improving the Fund’s liquidity and reducing transaction costs associated with buying and selling shares in the secondary market.
As a result of the reverse stock split, every three shares of the Fund’s outstanding common shares will be converted into one common share. Neither the total value of shareholders’ investments in the Fund nor the total value of the Fund’s portfolio holdings will be affected due to the reverse stock split. After the reverse stock split, shareholders’ accounts will have proportionally fewer common shares but with a proportionally higher share price and a proportionally higher net asset value per share. Also, each shareholder will hold the same percentage of the Fund’s outstanding common shares as was held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the reverse stock split (discussed below).
In connection with the reverse stock split, the Fund’s stable monthly distribution will be adjusted from $0.06 per share to $0.18 per share, beginning with the first distribution to be declared following the effective date of the reverse stock split. This adjustment to the Fund’s monthly distribution will result in no change in monthly cash flow to shareholders as a result of the reverse stock split.
The Fund anticipates completing this reverse stock split prior to the open of trading on the New York Stock Exchange (the “NYSE”) on or about September 8, 2026. The Fund’s common shares will continue
CBRE Investment Management Press Release
trading on the NYSE under its existing ticker symbol (NYSE: IGR) but will be assigned the new CUSIP number below after the split becomes effective.
| Ticker | Fund Name | Old CUSIP | New CUSIP | |||
| IGR | CBRE Global Real Estate Income Fund | 12504G100 | 12504G878 |
No fractional shares will be issued as a result of the reverse stock split. Fractional shares that may result from the reverse stock split will be aggregated and sold on the NYSE by the Fund’s transfer agent and the proceeds will be distributed pro rata among shareholders who would otherwise have received fractional shares in the reverse stock split. The pro rata cash payment received by shareholders will be net of any customary fees and expenses in proportion to their allocable share of the total proceeds of the sales. Shareholders will be receiving additional information regarding the reverse stock split from Computershare Trust Company, N.A., the Fund’s transfer agent.
Important Information
Closed-end funds are traded on the secondary market through one of the stock exchanges. A fund’s investment return and principal value will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.
The value at which a closed-end fund stock trades on a stock exchange is a function of external market factors that are not under the control of the Fund’s Board or Investment Adviser. Closed-end fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund trading at a premium to net asset value may not be sustainable, and a fund’s discount to net asset value can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund’s dividend reinvestment plan should note the reinvestment of distributions may occur at a premium to net asset value.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $154.8 billion in assets under management* as of June 30, 2026 operating in 20 countries around the world. Through its investor -operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people, and communities thrive. CBRE Investment Management Listed Real Assets LLC is a separately registered investment adviser within CBRE Investment Management that specializes in the management of global listed real assets solutions.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
CBRE Investment Management Press Release
*Assets under management (“AUM”) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
Exhibit 99.2
| Press Release |
| |
FOR IMMEDIATE RELEASE
Contact:
Analyst and Press Inquiries:
David Leggette
+1 610 995 7349
david.leggette@cbreim.com
Investor Relations:
+1 888 711 4272
www.cbreim.com/igr
CBRE Global Real Estate Income Fund (NYSE: IGR)
Amends September 2026 Monthly Distribution to Reflect 1-for-3 Reverse Stock Split
Philadelphia – September 8, 2026 – The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) (the “Trust”) announces an amendment to the September 2026 monthly distribution previously declared on July 9, 2026. As a result of the Trust’s 1-for-3 reverse stock split, which became effective after close of business on September 4, 2026, the per-share distribution for September 2026 has been adjusted from $0.06 to $0.18 per share (pre-split CUSIP: 12504G100; post-split CUSIP: 12504G878). The total cash distributed to shareholders for September 2026 will remain unchanged from the amount originally declared.
The following dates apply:
| Declaration Date |
Ex-Dividend Date |
Record Date |
Payable Date | |||||
| September 2026 |
08-31-2026 |
09-21-2026 |
09-21-2026 |
09-30-2026 | ||||
IGR’s current annualized distribution rate is 16.0% based on the closing market price of $4.49 on September 4, 2026, and 16.4% based on a closing NAV of $4.39 as of the same date.
Future earnings of the Trust cannot be guaranteed, and the Trust’s distribution policy is subject to change. For more information on the Trust, please visit www.cbreim.com/igr.
The Trust’s monthly distribution is set by its Board of Trustees. The Board reviews the Trust’s distribution on a quarterly basis in view of the investment management team’s market outlook as well as the net investment income, realized and unrealized gains, and other net unrealized appreciation or income potential. The Trust strives to establish a level monthly distribution that will serve to distribute an amount closely approximating the Trust’s net investment income and net realized capital gains over time.
CBRE Investment Management Press Release
The Trust, acting in accordance with an exemptive order received from the U.S. Securities and Exchange Commission (“SEC”), utilizes a managed distribution policy under which the Trust’s regular monthly distribution may include both income and, where applicable, realized capital gains.
Dividends from net investment income, if any, are declared quarterly and paid monthly. Dividends and other distributions to common shareholders are recorded on the ex-dividend date. A portion of distributions for a period may be a return of capital if the amount of the distributions paid for the period exceeds the net investment income and net realized capital gains for the period. The Trust may offset realized capital gains with realized capital losses and capital loss carryforwards rather than distribute such gains.
The Board continues to regularly review the level of the Trust’s distribution and the ability to sustain it.
CBRE Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results.
The September 2026 per-share distribution has been amended to $0.18 per share to reflect the reverse stock split on September 4, 2026. The sources of the distribution declared for the month are estimated as follows:
| Estimated Source of Distributions: | ||||||||||
| Distribution | Estimated Allocations | |||||||||
| Net Investment | Net Realized Short- | Net Realized Long- | Return of | |||||||
| Income | Term Capital Gains | Term Capital Gains | Capital | |||||||
| Monthly | $0.18 | $0.014 (8%) | $0.000 (0%) | $0.000 (0%) | $0.166 (92%) | |||||
The allocations reported in this notice are only estimates and are not provided for tax reporting purposes. The actual allocations will depend on the Trust’s investment experience during the remainder of its fiscal year and will not be finalized until after year-end. In addition, the allocations reported to shareholders for tax reporting purposes will also reflect adjustments required under applicable tax regulations. Some of these tax adjustments are significant, and amounts reported to you for tax reporting may be substantially different than those presented in this notice. SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT TRUST DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
The estimated allocations presented above are based on the Trust’s monthly calculation of its year-to-date net investment income, capital gains and returns of capital. The Trust’s investment income is mainly comprised of distributions received from the real estate investment trusts (“REITs”) and other companies in which it invests. “Net investment income” refers to the Trust’s investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers. “Net realized capital gains” represents the aggregation of the capital gains and losses realized by the Trust from its purchase and sale of investment securities during the year-to-date period. Short-term capital gains are those arising from the sale of securities held by the Trust for less than one year. Long-term capital gains are those arising from the sale of securities held by the Trust for a year or more. The amount of net realized
CBRE Investment Management Press Release
capital gains may also be offset by capital losses realized in prior years. Adjustments to net investment income are made based on the character of distributions received by the Trust. A portion of the distributions the Trust receives from REITs will be characterized by the REITs as capital gains or returns of capital. Because REITs often reclassify the distributions they make, the Trust does not know the ultimate character of these distributions at the time they are received, so the Trust estimates the character based on historical information. The Trust’s net investment income is reduced by the amounts characterized by the REITs as capital gains and returns of capital. Amounts characterized by the REITs as capital gains are added to the Trust’s net realized capital gains. Amounts characterized by the REITs as return of capital are classified as such by the Trust.
The Trust estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Trust is paid back to you. A return of capital distribution does not necessarily reflect the Trust’s investment performance and should not be confused with “yield” or “income.”
Shareholders should not draw any conclusions about the Trust’s investment performance from the amount of this distribution or from the terms of the Trust’s managed distribution policy.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $154.8 billion in assets under management* as of June 30, 2026 operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people, and communities thrive. CBRE Investment Management Listed Real Assets LLC is a separately registered investment advisor within CBRE Investment Management that specializes in the management of global listed real assets solutions.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com .
*Assets under management (“AUM”) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.