CBRE Global Real Estate Income Fund (NYSE: IGR) announced on August 25, 2026, that its Board of Trustees has approved a 1-for-3 reverse stock split. The split will become effective prior to the opening of trading on the New York Stock Exchange on or about September 8, 2026.
The Fund stated that the purpose of the reverse stock split is to increase the market price per share, which may broaden the range of potential investors and potentially improve liquidity while reducing transaction costs. As a result of the split, every three outstanding common shares will be converted into one common share. The total value of shareholders' investments and the value of the Fund's portfolio holdings will not be affected.
Shareholders will hold the same percentage of the Fund's outstanding common shares as they did prior to the split, subject to adjustments for fractional shares. The Fund’s transfer agent, Computershare Trust Company, N.A., will aggregate any fractional shares resulting from the split and sell them on the NYSE, distributing the proceeds pro rata among shareholders. No fractional shares will be issued directly to investors.
In connection with the split, the Fund’s stable monthly distribution will be adjusted from $0.06 per share to $0.18 per share. This adjustment will begin with the first distribution declared following the effective date of the reverse stock split. The Fund emphasized that this change results in no change to the monthly cash flow received by shareholders.
Following the split, the Fund’s common shares will continue trading on the NYSE under the existing ticker symbol IGR but will be assigned a new CUSIP number: 12504G878. The old CUSIP number was 12504G100.
