CBRE Global Real Estate Income Fund Declares Monthly Distribution for the Month of April, Payable on April 29, 2022
April 08, 2022 at 04:00 pm EDT
Share
The Board of Trustees of the CBRE Global Real Estate Income Fund has declared a monthly distribution of $0.06 per share for the month of April 2022. Ex-dividend is April 19, 2022; Record date is April 20, 2022; payable date is April 29, 2022. IGR's current annualized distribution rate is 8.0% based on the closing market price of $8.97 on April 6, 2022, and 7.5% based on a closing NAV of $9.61 as of the same date.
CBRE Global Real Estate Income Fund (the Trust) is a diversified, closed-end management investment company. The Trustâs primary objective is high current income, and its secondary objective is capital appreciation. It invests globally with an emphasis on the income-producing common equity and preferred stocks of real estate companies. It can invest up to 25% of its assets in preferred shares of global real estate companies. The Trust invests in Real Estate Equity Securities where dividend distributions are subject to withholding taxes as determined by United States tax treaties with respective individual foreign countries. The Trust may invest up to 20% of its total assets in preferred securities that are rated below investment grade. Its portfolio of investments includes residential, industrial, data centers, malls, health care, office, towers, shopping centers, hotels, and self-storage. CBRE Investment Management Listed Real Assets LLC is the investment adviser of the Trust.