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

Shares of CBRE Global Real Estate Income Fund (NYSE:IGR) are set 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 Stock Performance

Shares of NYSE:IGR opened at $4.57 on Monday. The firm has a 50 day moving average of $4.65 and a 200-day moving average of $4.67. CBRE Global Real Estate Income Fund has a 12 month low of $4.15 and a 12 month high of $5.28.

CBRE Global Real Estate Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.06 per share. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 15.8%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CBRE Global Real Estate Income Fund in the 2nd quarter valued at $41,000. Jump Financial LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth $44,000. Two Sigma Securities LLC acquired a new position in shares of CBRE Global Real Estate Income Fund during the 2nd quarter worth $47,000. Boothbay Fund Management LLC bought a new stake in shares of CBRE Global Real Estate Income Fund during the 4th quarter worth $48,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of CBRE Global Real Estate Income Fund during the 2nd quarter worth $50,000.

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.