CBRE Global Real Estate Income Fund (NYSE:IGR) Stock to Reverse Split on Tuesday, September 8th

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) are going to reverse split on the morning of Tuesday, September 8th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 7th.

CBRE Global Real Estate Income Fund Trading Down 0.6%

CBRE Global Real Estate Income Fund stock opened at $4.67 on Thursday. CBRE Global Real Estate Income Fund has a 1-year low of $4.15 and a 1-year high of $5.28. The firm has a 50-day moving average of $4.65 and a 200-day moving average of $4.67.

CBRE Global Real Estate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 15.4%. The ex-dividend date is Monday, September 21st.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of large investors have recently made changes to their positions in IGR. Bank of America Corp DE bought a new position in CBRE Global Real Estate Income Fund in the 2nd quarter worth $9,578,000. Readystate Asset Management LP bought a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at about $6,015,000. Sanctuary Advisors LLC bought a new stake in shares of CBRE Global Real Estate Income Fund during the 2nd quarter valued at about $3,782,000. Wolverine Asset Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter valued at about $2,354,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of CBRE Global Real Estate Income Fund during the fourth quarter valued at about $2,182,000.

CBRE Global Real Estate Income Fund Company Profile

CBRE Global Real Estate Income Fund Inc (NYSE: IGR) is a closed‐end management investment company that seeks to provide attractive levels of current income and capital appreciation by investing primarily in global real estate securities. Managed by CBRE Investment Management, the fund’s portfolio is composed of publicly traded real estate investment trusts (REITs), real estate operating companies and other real estate‐related equity securities across developed and emerging markets.

The fund employs a research‐driven, bottom‐up investment approach, leveraging CBRE’s global platform and market intelligence to identify opportunities in diverse property sectors, including office, retail, industrial, residential and hospitality.