The CBRE Global Real Estate Income Fund announced approval of a 1-for-3 reverse stock split, consolidating every three outstanding shares into one. The move, effective on or around Sept. 8, 2026, before the New York Stock Exchange opens, will not alter the fund’s total asset value or shareholder cash flow.
The reverse split will reduce the number of shares outstanding while proportionally increasing the price per share and net asset value (NAV) per share. The fund’s CUSIP number will change from 12504G100 to 12504G878, though the ticker symbol IGR will remain unchanged.
Monthly distributions will be adjusted from $0.06 per share to $0.18 per share starting with the first payout declared after the effective date, maintaining the same total cash flow for shareholders. Fractional shares will not be issued; instead, the transfer agent, Computershare Trust Company, N.A., will consolidate and sell them on the NYSE, distributing proceeds proportionally to affected shareholders after deducting standard fees and expenses.
The investment manager, CBRE Investment Management Listed Real Assets LLC, stated that the operation is designed to enhance liquidity and market perception without altering the fund’s underlying portfolio or investment strategy.
