CBRE Global Real Estate Income Fund (IGR) To Go Ex-Dividend on February 20th

CBRE Global Real Estate Income Fund (NYSE:IGR) declared a monthly dividend on Friday, January 9th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.06 per share by the closed-end fund on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date is Friday, February 20th.

CBRE Global Real Estate Income Fund Stock Down 0.5%

CBRE Global Real Estate Income Fund stock traded down $0.03 during mid-day trading on Wednesday, hitting $4.98. The company’s stock had a trading volume of 107,074 shares, compared to its average volume of 1,215,236. The firm’s 50 day moving average is $4.60 and its 200 day moving average is $4.80. CBRE Global Real Estate Income Fund has a 52-week low of $4.20 and a 52-week high of $5.37.

Insider Transactions at CBRE Global Real Estate Income Fund

In other news, Director Peter Francis Finnerty bought 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average cost of $4.32 per share, for a total transaction of $200,880.00. Following the purchase, the director owned 46,500 shares of the company’s stock, valued at approximately $200,880. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought a total of 50,286 shares of company stock worth $216,861 in the last 90 days.

Hedge Funds Weigh In On CBRE Global Real Estate Income Fund

Several large investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC purchased a new position in shares of CBRE Global Real Estate Income Fund during the 4th quarter valued at $48,000. Guggenheim Capital LLC increased its stake in CBRE Global Real Estate Income Fund by 20.0% in the fourth quarter. Guggenheim Capital LLC now owns 215,384 shares of the closed-end fund’s stock valued at $943,000 after acquiring an additional 35,926 shares during the last quarter. Kovack Advisors Inc. bought a new stake in CBRE Global Real Estate Income Fund during the fourth quarter worth about $66,000. Jump Financial LLC purchased a new position in shares of CBRE Global Real Estate Income Fund in the 4th quarter worth about $44,000. Finally, Royal Bank of Canada increased its position in shares of CBRE Global Real Estate Income Fund by 2.0% during the 4th quarter. Royal Bank of Canada now owns 557,732 shares of the closed-end fund’s stock valued at $2,443,000 after purchasing an additional 11,077 shares during the last quarter.

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.