CBRE Global Real Estate Income Fund (NYSE: IGR) announced an adjustment to its September 2026 distribution following a 1-for-3 reverse stock split, effective after the market closed on September 4, 2026. The per-share payout increased from $0.06 to $0.18, reflecting the stock’s dilution-adjusted value. Despite this change, the total cash distributed to shareholders remains unchanged at $0.18 per share, as originally declared on July 9, 2026. The adjustment aligns with the fund’s practice of maintaining the same dollar amount distributed while accounting for the reverse split’s impact on share count and share price.
The fund’s closing market price on September 4, 2026, was $4.49, yielding an annualized distribution rate of 16.0%, while its net asset value (NAV) closed at $4.39, corresponding to an annualized distribution rate of 16.4%. The distribution comprises approximately 8% net investment income and 92% return of capital, indicating the fund has distributed more than its net investment income and realized capital gains. The ex-dividend date is September 21, 2026, with the record date and payout scheduled for the same day and September 30, respectively.
CBRE Global Real Estate Income Fund is structured as a real estate investment trust (REIT) focused on income generation through diversified real estate assets. The reverse stock split aims to increase shareholder value by raising the per-share price, potentially attracting larger institutional investors and maintaining liquidity in the secondary market.
