CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distributions for January, February and March and Announces a Webinar with Portfolio Management

In This Article:

PHILADELPHIA, January 10, 2025--(BUSINESS WIRE)--The Board of Trustees of the CBRE Global Real Estate Income Fund (NYSE: IGR) (the "Fund") has declared three distributions of $0.06 per share for the months of January, February and March 2025 ($0.18 per share in total).

The following dates apply:

Declaration Date

Ex-Dividend Date

Record Date

Payable Date

January 2025

01-10-2025

01-21-2025

01-21-2025

01-31-2025

February 2025

01-10-2025

02-20-2025

02-20-2025

02-28-2025

March 2025

01-10-2025

03-20-2025

03-20-2025

03-31-2025

The portfolio management team will host an online webinar on Tuesday, February 11, 2025 at 4:00 p.m. ET. During the webinar the team will provide an update on the portfolio, market conditions, and their market outlook.

Please register for the webinar in advance by clicking on the registration link directly below or by visiting the Fund’s website www.cbreim.com/igr.

WEBINAR REGISTRATION - Zoom

IGR’s current annualized distribution rate is 14.6% based on the closing market price of $4.92 on January 8, 2025, and 14.5% based on a closing NAV of $4.98 as of the same date.

Future earnings of the Fund cannot be guaranteed, and the Fund’s distribution policy is subject to change. For more information on the Fund, please visit www.cbreim.com/igr.

The Fund’s monthly distribution is set by its Board of Trustees. The Board reviews the Fund’s distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund’s net investment income and net realized capital gains during the year.

CBRE Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results.

For the period from January 1, 2025, to March 31, 2025, the Fund has made or declared three (3) regular monthly distributions totaling $0.18 per share. The sources of the distribution declared for each month and the full period from January 1, 2025, to March 31, 2025, are estimated as follows:

Estimated Source of Distributions:

Distribution

Estimated Allocations

Net Investment Income

Net Realized Short-Term Capital Gains

Net Realized Long-Term Capital Gains

Return of Capital

Monthly

$0.06

$0.008 (13%)

$0.000 (1%)

$0.002 (3%)

$0.050 (83%)

Period:
01/01/2025 - 03/31/2025

$0.18

$0.024 (13%)

$0.001 (1%)

$0.006 (3%)

$0.149 (83%)

The allocations reported in this notice are only estimates and are not provided for tax reporting purposes. The actual allocations will depend on the Fund’s investment experience during the remainder of its fiscal year and will not be finalized until after year-end. In addition, the allocations reported to shareholders for tax reporting purposes will also reflect adjustments required under applicable tax regulations. Some of these tax adjustments are significant, and amounts reported to you for tax reporting may be substantially different than those presented in this notice. SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

The estimated allocations presented above are based on the Fund’s monthly calculation of its year-to-date net investment income, capital gains and returns of capital. The Fund’s investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests. "Net investment income" refers to the Fund’s investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers. "Net realized capital gains" represents the aggregation of the capital gains and losses realized by the Fund from its purchase and sale of investment securities during the year-to-date period. Short-term capital gains are those arising from the sale of securities held by the Fund for less than one year. Long-term capital gains are those arising from the sale of securities held by the Fund for a year or more. The amount of net realized capital gains may also be offset by capital losses realized in prior years. Adjustments to net investment income are made based on the character of distributions received by the Fund. A portion of the distributions the Fund receives from REITs will be characterized by the REITs as capital gains or returns of capital. Because REITs often reclassify the distributions they make, the Fund does not know the ultimate character of these distributions at the time they are received, so the Fund estimates the character based on historical information. The Fund’s net investment income is reduced by the amounts characterized by the REITs as capital gains and returns of capital. Amounts characterized by the REITs as capital gains are added to the Fund’s net realized capital gains. Amounts characterized by the REITs as return of capital are classified as such by the Fund.