CBRE Global Real Estate Income Fund Announces Monthly Dividend of $0.06 (NYSE:IGR)

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 is Monday, September 21st.

CBRE Global Real Estate Income Fund Stock Up 0.1%

Shares of IGR opened at $4.61 on Friday. CBRE Global Real Estate Income Fund has a twelve month low of $4.15 and a twelve month high of $5.28. The firm’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $4.65.

Institutional Investors Weigh In On CBRE Global Real Estate Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in IGR. Cooper Financial Group lifted its position in CBRE Global Real Estate Income Fund by 1.6% in the 2nd quarter. Cooper Financial Group now owns 265,530 shares of the closed-end fund’s stock valued at $1,224,000 after acquiring an additional 4,126 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in CBRE Global Real Estate Income Fund by 6.1% in the 2nd quarter. 180 Wealth Advisors LLC now owns 233,826 shares of the closed-end fund’s stock worth $1,078,000 after purchasing an additional 13,451 shares during the period. Royal Bank of Canada increased its holdings in CBRE Global Real Estate Income Fund by 46.1% during the 1st quarter. Royal Bank of Canada now owns 814,725 shares of the closed-end fund’s stock worth $3,577,000 after purchasing an additional 256,993 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in CBRE Global Real Estate Income Fund by 17.8% during the 1st quarter. Sanctuary Advisors LLC now owns 768,673 shares of the closed-end fund’s stock worth $3,374,000 after purchasing an additional 116,157 shares in the last quarter. Finally, NWF Advisory Services Inc. raised its stake in shares of CBRE Global Real Estate Income Fund by 32.1% in the 1st quarter. NWF Advisory Services Inc. now owns 82,300 shares of the closed-end fund’s stock valued at $361,000 after purchasing an additional 20,000 shares during the period.

About CBRE Global Real Estate Income Fund

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.