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. Shareholders of record on Monday, September 21st will be paid a dividend of 0.06 per share by the closed-end fund on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 15.6%. The ex-dividend date of this dividend is Monday, September 21st.

CBRE Global Real Estate Income Fund Trading Up 0.1%

IGR opened at $4.61 on Friday. The firm’s fifty day moving average is $4.63 and its two-hundred day moving average is $4.65. CBRE Global Real Estate Income Fund has a twelve month low of $4.15 and a twelve month high of $5.28.

Institutional Trading of CBRE Global Real Estate Income Fund

Large investors have recently made changes to their positions in the company. UBS Group AG raised its stake in CBRE Global Real Estate Income Fund by 5.1% during the 4th quarter. UBS Group AG now owns 5,814,985 shares of the closed-end fund’s stock worth $25,470,000 after buying an additional 284,748 shares during the period. Wells Fargo & Company MN grew its stake in CBRE Global Real Estate Income Fund by 19.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,246,044 shares of the closed-end fund’s stock valued at $9,838,000 after acquiring an additional 369,784 shares during the period. Flagship Harbor Advisors LLC grew its stake in CBRE Global Real Estate Income Fund by 0.8% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,981,572 shares of the closed-end fund’s stock valued at $8,679,000 after acquiring an additional 16,466 shares during the period. Bank of America Corp DE increased its holdings in shares of CBRE Global Real Estate Income Fund by 3.4% in the third quarter. Bank of America Corp DE now owns 1,907,673 shares of the closed-end fund’s stock worth $9,805,000 after acquiring an additional 62,576 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of CBRE Global Real Estate Income Fund in the fourth quarter worth about $6,015,000.

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.