The Board of Trustees of the CBRE Global Real Estate Income Fund has approved a 1-for-3 reverse stock split of its common shares, the fund said on Monday.
The transaction is scheduled to take effect prior to the market open on the New York Stock Exchange on or about September 8, 2026. Shares will continue to trade under the existing ticker symbol NYSE:IGR, though the CUSIP number will change from 12504G100 to 12504G878.
Under the reverse split, every three outstanding common shares will be consolidated into one share. The fund emphasized that the split will not alter shareholder investment totals, portfolio holdings, or monthly cash distributions. The monthly payout will adjust from $0.06 per share to $0.18 per share following the effective date, maintaining unchanged cash flow for investors.
Fractional shares will not be issued; instead, they will be aggregated and sold on the NYSE by the fund’s transfer agent, Computershare Trust Company, N.A. Proceeds from the sale will be distributed pro rata to affected shareholders, net of customary fees and expenses.
CBRE Investment Management Listed Real Assets LLC, the fund’s investment adviser, stated that the reverse split is intended to broaden the investor base, improve liquidity, and reduce transaction costs. The transfer agent will provide additional details to shareholders regarding the corporate action.
