The CBRE Global Real Estate Income Fund (NYSE: IGR) announced a 1-for-3 reverse stock split of its common shares, approved by the fund’s Board of Trustees. The consolidation is scheduled to take effect prior to the open of trading on the New York Stock Exchange on or about September 8, 2026.
The reverse split will reduce the total number of outstanding shares while proportionally increasing the share price and net asset value per share, leaving the total value of investors’ holdings unchanged. The fund’s CUSIP number will change from 12504G100 to 12504G878, though the NYSE ticker symbol IGR will remain unchanged.
Monthly distributions will be adjusted from $0.06 per share to $0.18 per share following the split, effective with the first distribution declared after the effective date. The adjustment maintains the same monthly cash flow for shareholders. Fractional shares resulting from the split will be aggregated and sold on the NYSE by the fund’s transfer agent, Computershare Trust Company, N.A., with proceeds distributed pro rata to affected shareholders after deducting customary fees and expenses.
The investment adviser, CBRE Investment Management Listed Real Assets LLC, stated the reverse stock split aims to broaden the investor base, enhance liquidity, and reduce transaction costs for shareholders.
