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

CBRE Global Real Estate Income Fund (NYSE:IGR)’s stock is going to reverse split before the market opens on Tuesday, September 8th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

CBRE Global Real Estate Income Fund Price Performance

IGR stock opened at $4.52 on Friday. The business has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.65. CBRE Global Real Estate Income Fund has a twelve month low of $4.15 and a twelve month high of $5.28.

CBRE Global Real Estate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date of this dividend is Monday, September 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in CBRE Global Real Estate Income Fund in the second quarter valued at $66,000. Concurrent Investment Advisors LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the second quarter worth about $78,000. Two Sigma Securities LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the second quarter worth about $47,000. United Capital Financial Advisors LLC acquired a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at about $50,000. Finally, Bank of America Corp DE acquired a new position in CBRE Global Real Estate Income Fund in the 2nd quarter valued at about $9,578,000.

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.