CBRE Global Real Estate Income Fund (NYSE: IGR) Announces Approval of 1-for-3 Reverse Stock Split and Adjustment to Monthly Distribution
PHILADELPHIA, August 25, 2026--CBRE Global Real Estate Income Fund (NYSE: IGR) (the "Fund") announced today that its Board of Trustees approved a 1-for-3 reverse stock split of its common shares.
The Board of Trustees and CBRE Investment Management Listed Real Assets LLC, the Fund's Investment Adviser, believe that increasing the Fund's market price per share through the reverse stock split may broaden the range of potential investors, thereby potentially improving the Fund's liquidity and reducing transaction costs associated with buying and selling shares in the secondary market.
As a result of the reverse stock split, every three shares of the Fund's outstanding common shares will be converted into one common share. Neither the total value of shareholders' investments in the Fund nor the total value of the Fund's portfolio holdings will be affected due to the reverse stock split. After the reverse stock split, shareholders' accounts will have proportionally fewer common shares but with a proportionally higher share price and a proportionally higher net asset value per share. Also, each shareholder will hold the same percentage of the Fund's outstanding common shares as was held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the reverse stock split (discussed below).
In connection with the reverse stock split, the Fund's stable monthly distribution will be adjusted from $0.06 per share to $0.18 per share, beginning with the first distribution to be declared following the effective date of the reverse stock split. This adjustment to the Fund's monthly distribution will result in no change in monthly cash flow to shareholders as a result of the reverse stock split.
The Fund anticipates completing this reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on or about September 8, 2026. The Fund's common shares will continue trading on the NYSE under its existing ticker symbol (NYSE: IGR) but will be assigned the new CUSIP number below after the split becomes effective.
| Ticker | Fund Name | Old CUSIP | New CUSIP |
| IGR | CBRE Global Real Estate Income Fund | 12504G100 | 12504G878 |
No fractional shares will be issued as a result of the reverse stock split. Fractional shares that may result from the reverse stock split will be aggregated and sold on the NYSE by the Fund's transfer agent and the proceeds will be distributed pro rata among shareholders who would otherwise have received fractional shares in the reverse stock split. The pro rata cash payment received by shareholders will be net of any customary fees and expenses in proportion to their allocable share of the total proceeds of the sales. Shareholders will be receiving additional information regarding the reverse stock split from Computershare Trust Company, N.A., the Fund's transfer agent.