CBRE Global Real Estate Income Fund (NYSE:IGR) to Issue $0.06 Monthly Dividend

CBRE Global Real Estate Income Fund (NYSE:IGR) announced a monthly dividend on Thursday, July 9th. Investors of record on Monday, July 20th will be given a dividend of 0.06 per share by the closed-end fund on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 15.6%. The ex-dividend date is Monday, July 20th.

CBRE Global Real Estate Income Fund Stock Performance

CBRE Global Real Estate Income Fund stock opened at $4.61 on Friday. CBRE Global Real Estate Income Fund has a fifty-two week low of $4.15 and a fifty-two week high of $5.28. The firm’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in CBRE Global Real Estate Income Fund in the 2nd quarter worth approximately $41,000. PFG Investments LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $44,000. Jump Financial LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $44,000. Fifth Third Wealth Advisors LLC bought a new stake in CBRE Global Real Estate Income Fund during the 4th quarter valued at $47,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of CBRE Global Real Estate Income Fund during the fourth quarter worth $48,000.

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.